Tobin Manufacturing Inc. applies variable overhead based on direct labor-hours. • Standard direct labor-hours per unit of Product XJ45: 4.8 hours • Standard variable overhead rate: $7.50 per direct labor-hour Actual units produced: 1,800 units • Actual direct labor hours worked: 9,000 hours • Actual variable overhead incurred: $67,500 What is Tobin Manufacturing's variable overhead rate variance?

Tobin Manufacturing Inc. applies variable overhead based on direct labor-hours. • Standard direct labor-hours per unit of Product XJ45: 4.8 hours • Standard variable overhead rate: $7.50 per direct labor-hour Actual units produced: 1,800 units • Actual direct labor hours worked: 9,000 hours • Actual variable overhead incurred: $67,500 What is Tobin Manufacturing's variable overhead rate variance?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 10EA: ThingOne Company has the following information available for the past year. They use machine hours...

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