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Grant Co. uses the following standard to produce a single unit of its product: Variable overhead...

Grant Co. uses the following standard to produce a single unit of its product: Variable overhead (1.30 hrs. per unit @ $3.60/hr.) Actual data for the month show total variable overhead costs of $116,340, and 23,000 units produced. The total variable overhead variance is:

Multiple Choice

  • $8,700F.

  • $8,700U.

  • $58,415U.

  • $58,415F.

  • $0

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Answer #1

Total Variable overhead variance

= Standard voh - Actual voh

= (1.30*3.60*23,000) - 116,340

= 107,640 - 116,340

= 8700 U

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