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Variable Overhead Spending and Efficiency Variances, Columnar and Formula Approaches Gladys Company provided the following information: Standard variable overhead rate (SVOR) per direct labor hour

Variable Overhead Spending and Efficiency Variances, Columnar and Formula Approaches

Gladys Company provided the following information:

Standard variable overhead rate (SVOR) per direct labor hour $3.90
Actual variable overhead rate (AVOR) per direct labor hour $3.62
Actual direct labor hours worked (AH) 55,600
Actual production in units 10,000
Standard hours (SH) allowed for actual units produced 53,000

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