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The following data for November have been provided by Mazzio Corporation, a producer of precision drills for oil exploration: Budgeted production 4 , 0 0
The following data for November have been provided by Mazzio Corporation, a producer of precision drills for oil exploration:
Budgeted production drills
Standard machinehours per drill machinehours
Standard indirect labor $ per machinehour
Standard power $ per machinehour
Actual production drills
Actual machinehours machinehours
Actual indirect labor $
Actual power $
Required:
Compute the variable overhead rate variances for indirect labor and for power for November. Indicate whether each of the variances is favorable or unfavorable. Show your work.
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