In October, Blue Company reports 21,100 actual direct labor hours, and it incurs $125,000 of manufacturing overhead costs. Standard hours allowed for the work done is 25,000 hours. The predetermined overhead rate is $5.15 per direct labor hour. In addition, the flexible manufacturing overhead budget shows that budgeted costs are $3.25 variable per direct labor hour and $47,200 fixed. Compute the overhead controllable variance. Overhead Controllable Variance $
Budgeted Overhead for actual production = 25000* $3.25 + $47200 = $128,450
Overhead controllable variance = Budgeted Overhead for actual production - Actual Overhead
= $128,450 - $125000
= $3450 Favorable
In October, Blue Company reports 21,100 actual direct labor hours, and it incurs $125,000 of manufacturing...
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