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Daffodil Company reported the following results from last years operations:Units produced 100,000Direct labour 160,000 hours @ $12/hourActual variable overhead $1,300,000The company employs
Daffodil Company reported the following results from last year’s operations:Units produced — 100,000Direct labour — 160,000 hours @ $12/hourActual variable overhead — $1,300,000The company employs a standard costing system. During the year, a variable overhead rate of $8 per hour was used. The labour standard requires 1. 5 hours per unit produced.Refer to Daffodil Company. What is the variable overhead spending variance?
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