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In October, Oriole Company reports 22,000 actual direct labor hours, and it incurs $198.900 of manufacturing overhead costs. Standard hours allowed for the work done
In October, Oriole Company reports 22,000 actual direct labor hours, and it incurs $198.900 of manufacturing overhead costs. Standard hours allowed for the work done is 22,100 hours. The predetermined overhead rate is 59.25 per direct labor hour. In addition, the flexible manufacturing overhead budget shows that budgeted costs are 57.19 variable per direct labor hour and $51.500 fixed. Compute the overhead volume variance. Normal capacity was 25,000 direct labor hours. Overhead Volume Variance $ 5916 Unfavorable
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