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Corp operates in the real estate industry. It employs a job-order costing system with labor hours as the cost driver. The company estimated overhead cost

Corp operates in the real estate industry. It employs a job-order costing system with labor hours as the cost driver. The company estimated overhead cost for the year would be Rp960,000 and labor hours would be 15,000. The following information is from the month of December of the current year:

House A House B House C House D

December construction activity:

Materials Rp80,000 Rp84,800 Rp57,200 Rp65,000

Direct labor cost Rp24,000 Rp36,000 Rp14,000 Rp21,000

Machine hours 400 700 900 800

Labor hours 1,200 1,800 800 1,500

Actual overhead cost incurred in December was Rp345,000. House B and House D were completed and sold for a total price of Rp650,000. House A was completed but not yet sold and House C was in process. Period costs totaled Rp42,000 and the income tax rate is 35%.

Required: Compute the amounts of the following item

A. Overhead variance (determine if it is over/underapplied)

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