During June, XYZ Company had a total standard cost for variable overhead of $66,000 for the production of 1,000 units of
Posted: Sat May 07, 2022 8:40 pm
During June, XYZ Company had a total standard cost for variable
overhead of $66,000 for the production of 1,000 units of product A.
Variable overhead is applied on the basis of direct labor hours and
the direct labor standard is 3 hours per unit. Actual variable
overhead was $70,000 and actual labor hours were 3,500. The
variable overhead efficiency variance was $11,000 unfavorable.
A. What was the variable overhead rate variance for June?
overhead of $66,000 for the production of 1,000 units of product A.
Variable overhead is applied on the basis of direct labor hours and
the direct labor standard is 3 hours per unit. Actual variable
overhead was $70,000 and actual labor hours were 3,500. The
variable overhead efficiency variance was $11,000 unfavorable.
A. What was the variable overhead rate variance for June?