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Calculate the variable overhead price variance Vaughn Company has gathered the following information: Variable manufacturing overhead costs Fixed manufacturing overhead costs Normal production level in
Calculate the variable overhead price variance
Calculate the variable overhead price variance
Vaughn Company has gathered the following information: Variable manufacturing overhead costs Fixed manufacturing overhead costs Normal production level in labour hours Standard labour hours $12,780 $9,810 9,000 9,500 During the year, 3,040 units were produced, 10,900 hours were worked, and the actual manufacturing overhead was $20,800. Actual fixed overhead totalled $9,850. Vaughn applies overhead based on direct labour hours.
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