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Creger Corporation, which makes landing gears, has provided the following data for a recent month: Budgeted production 1,400 gears Standard machine-hours per gear 4.9 machine-hours
Creger Corporation, which makes landing gears, has provided the following data for a recent month:
Budgeted production | 1,400 | gears | |
Standard machine-hours per gear | 4.9 | machine-hours | |
Budgeted supplies cost | $ | 5.50 | per machine-hour |
Actual production | 1,800 | gears | |
Actual machine-hours | 9,300 | machine-hours | |
Actual supplies cost (total) | $ | 49,642 | |
Required:
Determine the rate and efficiency variances for the variable overhead item supplies and indicate whether those variables are favorable or unfavorable.
(Input all amounts as positive values.)
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