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A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. Variable manufacturing overhead standards are based on
A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. Variable manufacturing overhead standards are based on machiners Standard hours per unit of output4.50 machine-hours Standard variable overhead rate $11.52 per machine-hour The following data pertain to operations for the last month: Actual hours machine- 8,900 $95,920 1,800 hours Actual total variable manufacturing overhead cost Actual output units Compute the variable overhead price variance for the month. Show work
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