The following standards for variable manufacturing overhead have been established for a company that makes only...
The following standards for variable manufacturing overhead have been established for a company that makes only one product:
| Standard hours per unit of output | 8.2 | hours | |
| Standard variable overhead rate | $ | 14.60 | per hour |
The following data pertain to operations for the last month:
| Actual hours | 2,875 | hours | |
| Actual total variable manufacturing overhead cost | $ | 42,715 | |
| Actual output | 150 | units | |
What is the variable overhead efficiency variance for the month?
Multiple Choice
-
$24,757 U
-
$740 U
-
$24,017 U
-
$17,958 F
Homework Answers
C. $24,017 U
SH = 150 units × 8.2 hours per unit = 1,230 hours
Variable overhead efficiency variance = (AH - SH) SR
= (2,875 hours - 1,230 hours) $14.60 per hour
= $24,017 U
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