Viger Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month: Budgeted level of activity Actual level of activity Standard variable manufacturing overhead rate Actual total variable manufacturing overhead 7,700 MHS 7,900 MHs $6.40 per MH $48,360 What was the variable overhead rate variance for the month?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Viger Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard
machine-hours (MHs). The company has provided the following data for the most recent month:
Budgeted level of activity
Actual level of activity
Standard variable manufacturing overhead rate
Actual total variable manufacturing overhead
7,700 MHs
7,900 MHS
$6.40 per MH
$48,360
What was the variable overhead rate variance for the month?
Transcribed Image Text:Viger Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month: Budgeted level of activity Actual level of activity Standard variable manufacturing overhead rate Actual total variable manufacturing overhead 7,700 MHs 7,900 MHS $6.40 per MH $48,360 What was the variable overhead rate variance for the month?
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