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Omary Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has
Omary Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month:
Budgeted level of activity | 2,300 | MHs | |
Actual level of activity | 2,540 | MHs | |
Standard variable manufacturing overhead rate | $ | 9.70 | per MH |
Budgeted fixed manufacturing overhead cost | $ | 35,000 | |
Actual total variable manufacturing overhead | $ | 25,146 | |
Actual total fixed manufacturing overhead | $ | 39,400 | |
What was the total of the variable overhead rate and fixed manufacturing overhead budget variances for the month?
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