Homework Answers
Variable overhead spending variance = $ 5,244 Favorable
Variable overhead efficiency variance = $ 3,206 Unfavorable
Working
| Variable Overhead Spending Variance | ||||||
| ( | Standard Cost | - | Actual Cost | ) | ||
| ( | $ 52,987.20 | - | $ 47,743.00 | ) | ||
| 5244.2 | ||||||
| Variance | $ 5,244.20 | Favourable-F | ||||
.
| Variable Overhead Efficiency Variance | ||||||
| ( | Standard Hours | - | Actual Hours | ) | x | Standard Rate |
| ( | 17662.4 | - | 18731 | ) | x | $ 3.00 |
| $ (3,205.80) | ||||||
| Variance | $ 3,2056 | Unfavourable-U | ||||
.
| Standard DATA for | 11620 | Units | |
| Quantity (SQ) | Rate (SR) | Standard Cost | |
| [A] | [B] | [A x B] | |
| Variable Overhead | ( 1.52 Hour x 11620 Units)=17662.4 Hour | $ 3.00 | $ 52,987.20 |
.
| Actual DATA for | 11620 | Units | |
| Quantity (AQ) | Rate (AR) | Actual Cost | |
| Variable Overhead | 18731 | $ 2.55 | $ 47,743.00 |
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