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Manufacturing overhead data for the production of Product H by Shakira Company, assuming the company uses a standard cost system, are as follows. Overhead incurred
Manufacturing overhead data for the production of Product H by Shakira Company, assuming the company uses a standard cost system, are as follows.
Overhead incurred for 45,600 actual direct labor hours worked | $368,320 | |
Overhead rate (variable $7; fixed $1) at normal capacity of 43,900 direct labor hours | $8 | |
Standard hours allowed for work done | 45,840 |
Compute the total overhead variance.
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