Homework Answers
Standard rate = Budgeted fixed overheads/Practical capacity
= 400,000/32000
= $12.5 per hour
Spending variance = Actual amount – Budgeted amount
= 403400-400000
= $3400 Unfavorable
Volume variance = Applied – Budgeted
= 31000*12.5 – 400,000
= $12,500 Unfavorable
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