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In October, Bramble Inc. reports 44,500 actual direct labor hours and incurs $234,000 of manufacturing overhead costs. Standard hours allowed for the month's production is
In October, Bramble Inc. reports 44,500 actual direct labor hours and incurs $234,000 of manufacturing overhead costs. Standard hours allowed for the month's production is 45,300 hours. Bramble's predetermined overhead rate is $5.01 per direct labor hour. The flexible manufacturing overhead budget shows that budgeted costs are $3.80 variable per direct labor hour and $84,700 fixed. Compute the manufacturing overhead volume variance. Normal capacity was 70,000 direct labor hours. Identify whether the variance is favorable or unfavorable. Total manufacturing overhead volume variance $
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