Viger Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). Th 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 9,100 MHs 9,300 MHs $ 7.80 per MH $69,920 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
9,100 MHs
9,300 MHs
Standard variable manufacturing overhead rate
Actual total variable manufacturing overhead
$
7.80 per MH
$69,920
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 9,100 MHs 9,300 MHs Standard variable manufacturing overhead rate Actual total variable manufacturing overhead $ 7.80 per MH $69,920 What was the variable overhead rate variance for the month?
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