Units produced = 120,000; Standard Direct labor hours per Unit = 0.35; Standard variable overhead rate...
Units produced = 120,000; Standard Direct labor hours per Unit = 0.35; Standard variable overhead rate per direct labor hour = $4; Actual variable overhead costs = $105,000; Actual hours worked = 30,000.
Calculate variable overhead spending variance and variable overhead efficiency variance
Homework Answers
Variable overhead spending variance
= Standard voh - Actual voh
= (120,000*0.35*4) - 105,000
= 63,000 Favourable
.
Voh efficiency variance = (SLH - ALH) * SVOHR
= (120,000*0.35 - 30,000) * 4
= 48,000 Favourable
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Units produced = 120,000; Standard Direct labor hours per Unit =
0.35; Standard variable overhead rate...
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