Homework Answers
Solution :
Variable overhead rate variance = (SR - AR) * AH = ($3.70 - $2.40) * 1550 = $2,015 F
Variable overhead efficiency variance = (SH - AH) * SR = (3200*0.50 - 1550) * $3.70 = $185 F
Over applied variable overhead = $2,015 + $185 = $2,200
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