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What is Prince Company's manufacturing variable overhead rate variance? Actual Overhead incurred: Variable: $90,000 Labor hours used: 11,000 Fixed: $62,000 Budgeted Overhead: Budgeted fixed overhead:

What is Prince Company's manufacturing variable overhead rate variance?

Actual Overhead incurred:

Variable: $90,000

Labor hours used: 11,000

Fixed: $62,000

Budgeted Overhead:

Budgeted fixed overhead: $65,000

Variable overhead rate (per direct labor hour): $8

Standard hours allowed for actual production: 12,000

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