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Sandlewood Industries produced 5,000 tables last month. The standard variable manufacturing overhead(MOH) rate used by the company is $25 per machine hour. Each table requires

Sandlewood Industries produced 5,000 tables last month. The standard variable manufacturing overhead(MOH) rate used by the company is $25 per machine hour. Each table requires 0.5 machine hours. Actual machine hours used last month were 2,480, and the actual variable MOH rate last month was $27.00.

Requirements

1. Calculate the variable overhead rate variance.

2. Calculate the variable overhead efficiency variance.

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