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The Maxwell Corporation has a standard costing system in which variable manufacturing overhead is assigned to production on the basis of standard machine-hours. The following
The Maxwell Corporation has a standard costing system in which variable manufacturing overhead is assigned to production on the basis of standard machine-hours. The following data are available for July:
Actual variable manufacturing overhead cost incurred: $35,220
Actual machine-hours worked: 1,200 hours
Variable overhead rate variance: $4,020 Unfavorable
Total variable overhead spending variance: $8,050 Unfavorable
The standard number of machine-hours allowed for July production is
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