The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output 4.5 hours Standard variable overhead rate $16 per hour The following data pertain to operations for the last month: Actual hours 8,200 hours Actual total variable overhead cost $125,000 Actual output 1,810 units A. What is the variable overhead rate variance for the month? B. What is the variable overhead efficiency variance for the month?
The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output 4.5 hours Standard variable overhead rate $16 per hour The following data pertain to operations for the last month: Actual hours 8,200 hours Actual total variable overhead cost $125,000 Actual output 1,810 units A. What is the variable overhead rate variance for the month? B. What is the variable overhead efficiency variance for the month?
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 9DQ: At the end of the period, the factory overhead account has a credit balance of 10,000. (a) Is the...
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