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[The following information applies to the questions displayed below.] Mosaic Company applies overhead using machine hours and reports the following information. Actual machine hours used
[The following information applies to the questions displayed below.] Mosaic Company applies overhead using machine hours and reports the following information.
Actual machine hours used (AH) | 5,000 | hours | ||
Standard machine hours (for actual production) (SH) | 5,450 | hours | ||
Actual variable overhead rate per hour (AVR) | $ | 4.25 | ||
Standard variable overhead rate per hour (SVR) | $ | 4.10 | ||
Compute the variable overhead spending variance, the variable overhead efficiency variance, and total variable overhead cost variance.
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