ThingOne Company has the following information available for the past year. They use machine hours to...
ThingOne Company has the following information available for the past year. They use machine hours to allocate overhead.
| Actual total overhead | $70,350 |
| Actual fixed overhead | $31,500 |
| Actual machine hours | 9,000 |
| Standard hours for the units produced | 8,700 |
| Standard variable overhead rate | $4.50 |
What is the variable overhead efficiency variance? Enter the amount as positive number.
| Variable overhead efficiency variance | $???? | Unfavorable |
Homework Answers
Variable overhead efficiency variance
= (SH - AH) * SR
= (8700 - 9000) * 4.50
= -300 * 4.50
= 1350 Unfavorable
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