Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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 machine-hours.
Standard hours per unit of output | 5.00 | machine-hours |
Standard variable overhead rate | $11.63 | per machine-hour |
The following data pertain to operations for the last month: |
Actual hours | 8,500 | machine-hours |
Actual total variable manufacturing overhead cost | $95,970 | |
Actual output | 1,600 | units |
What is the variable overhead rate variance for the month?
need calculation breakdown please also |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started