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You have been given the following information about the production of Novak Co., and are asked to provide the factory manager with information for a

You have been given the following information about the production of Novak Co., and are asked to provide the factory manager with information for a meeting with the vice-president of operations:

Standard Cost Card

Direct materials (5.80 kg at $3.20 per kilogram)

$18.56

Direct labour (0.50 hours at $4.00)

2.00

Variable overhead (0.50 hours at $3.20 per hour)

1.60

Fixed overhead (0.50 hours at $7.00 per hour)

3.50

$25.66

The following is a production report for the most recent period of operations:

Variances

Costs

Total Standard Cost

Price/ Rate

Spending/ Budget

Quantity/ Efficiency

Volume

Direct materials

$369,344

$5,913

F

$9,088

U

Direct labour

39,800

2,835

U

5,560

U

Variable overhead

31,840

$1,170

F

?

Fixed overhead

69,650

410

F

$13,650

U

What was the actual variable overhead cost incurred during the period?

Actual variable overhead $enter the actual variable overhead in dollars

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