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Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead cost variance. 177 Skipped Direct labor standard (2.0
Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead cost variance. 177 Skipped Direct labor standard (2.0 hrs. @ $13.40/hr.) $ 26.80 per finished unit Actual direct labor hours 92,500 hrs. Budgeted units 47,500 units Actual finished units produced 45,500 units Standard variable on rate (2 hrs. @ $15.20/hr.) $ 30.40 per finished unit Standard fixed OH rate ($589,000/47,500 units) $ 12.40 per unit Actual cost of variable overhead costs incurred $1,379,200 Actual cost of fixed overhead costs incurred $ 470,000 Multiple Choice $4,000 favorable. $17100 favorable. $21,100 unfavorable. $20,750 unfavorable. $20,750 favorable
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