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Nitrol Corporation manufactures brass vases using a standard cost system with standard machine-hours as the activity base for overhead. The following information relates to vase
Nitrol Corporation manufactures brass vases using a standard cost system with standard machine-hours as the activity base for overhead. The following information relates to vase production at Nitrol for last year: |
Estimated for year | Actual results for year | |
Variable overhead | $93,600 | $97,310 |
Fixed overhead | $239,200 | $236,400 |
Machine-hours | 104,000 | 107,000 |
The standard machine-hours per vase is 1.25. Last year Nitrol produced 83,000 vases. |
What was Nitrol's variable overhead rate variance for last year? |
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