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The predetermined overhead rate for RON Company is $10, comprised of a variable overhead rate of $6 and a fixed rate of $4. The amount of budgeted overhead costs at a normal capacity of $300,000 was divided by the normal capacity of 30,000 direct labor hours, to arrive at the predetermined overhead rate of $10. Actual overhead for July was $40,000 variable and $28,200 fixed, and the standard hours allowed for the product produced in July was 7,000 hours. The total overhead variance is: A. $6,100 U B. $1,100 U C. $500 U D. $1,800 F. I want answer

The predetermined overhead rate for RON Company is $10, comprised of a variable overhead rate of $6 and a fixed rate of $4. The amount of budgeted overhead costs at a normal capacity of $300,000 was divided by the normal capacity of 30,000 direct labor hours, to arrive at the predetermined overhead rate of $10. Actual overhead for July was $40,000 variable and $28,200 fixed, and the standard hours allowed for the product produced in July was 7,000 hours. The total overhead variance is: A. $6,100 U B. $1,100 U C. $500 U D. $1,800 F. I want answer

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 7EB: A company estimates its manufacturing overhead will be $840,000 for the next year. What is the...
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The predetermined overhead rate for RON Company is $10, comprised of a variable overhead rate of $6 and a fixed rate of $4. The amount of budgeted overhead costs at a normal capacity of $300,000 was divided by the normal capacity of 30,000 direct labor hours, to arrive at the predetermined overhead rate of $10. Actual overhead for July was $40,000 variable and $28,200 fixed, and the standard hours allowed for the product produced in July was 7,000 hours. The total overhead variance is: A. $6,100 U B. $1,100 U C. $500 U D. $1,800 F. I want answer

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