Friends Company manufactures ladders and they produced 2,250 ladders this past month. The standard variable manufacturin

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Friends Company Manufactures Ladders And They Produced 2 250 Ladders This Past Month The Standard Variable Manufacturin 1 (73.55 KiB) Viewed 9 times

Friends Company manufactures ladders and they produced 2,250 ladders this past month. The standard variable manufacturing overhead (MOH) rate used by the company is $7.25 per machine hour. Each ladder requires 14 machine hours. Actual machine hours used last month were 32,000, and the actual variable MOH rate last month was $7.00. What is the total manufacturing overhead variance? • When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. • Round all answers to 2 decimal places such as 1.25. Regardless of the variance outcome (favorable or unfavorable), you answer MUST be typed in absolute number. For example, your variance should be typed as 1,000 even if the outcome is -1,000. ● Responses Total Manufacturing Overhead Variance $ Variance Favorable / Unfavorable