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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: $34,710 Actual machine-hours worked: 1,450 hours Variable overhead rate variance: $4,260 Unfavorable Total variable overhead spending variance: $7,095 Unfavorable The standard number of machine-hours allowed for July production is: 1515 hours 1,415 hours O 2,085 hours 1315 hours
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