Riverstone Corporation has a standard cost system in which it applies manufacturing overhead to products based on standard machine-hours (MHS). The company has provided the following data for the most recent month: Description Budgeted level of activity Actual level of activity Standard variable manufacturing overhead rate Actual total variable manufacturing overhead Amount 8,000 MHs 8,500 MHs $6.20 per MH $52,700 What was the variable overhead rate variance for the month?

Riverstone Corporation has a standard cost system in which it applies manufacturing overhead to products based on standard machine-hours (MHS). The company has provided the following data for the most recent month: Description Budgeted level of activity Actual level of activity Standard variable manufacturing overhead rate Actual total variable manufacturing overhead Amount 8,000 MHs 8,500 MHs $6.20 per MH $52,700 What was the variable overhead rate variance for the month?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter10: Standard Costing And Variance Analysis

Section: Chapter Questions

Problem 38BEB: Mulliner Company showed the following information for the year: Required: 1. Calculate the standard...

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