Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Auditing

Authors: O. Ray Whittington, Kurt Pany, Walter B. Meigs

12th Edition

ISBN: 0256167796, 978-0256167795

More Books

Students also viewed these Accounting questions

Question

10-9 How have social technologies changed e-commerce?

Answered: 1 week ago