Question
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 |
30670 is incorrect, please dont answer 30670
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