Variable overhead variances | |||
Particulars | Amount | ||
Standard rate per hour | $ 2.20 | ||
Less: actual rate per hour | $ 4.79 | ||
Rate variance per hour | $ (2.59) | ||
× hours worked | $ 332,000.00 | ||
Variable overhead spending variance | $ (858,600.00) | ||
Particulars | Hours per unit | × actual output | Total |
Standard hours required for actual output | 0.25 | 1,280,000.00 | 320,000.00 |
Less: actual hours worked for actual output | 332,000.00 | ||
Difference in hours | (12,000.00) | ||
× standard rate per hour | $ 2.20 | ||
Variable overhead efficiency variance | - | $ (26,400.00) | |
Summary | |||
Particulars | Amount | Nature | |
Variable overhead efficiency variance | $ (26,400.00) | Unfavorable | |
Variable overhead spending variance | $ (858,600.00) | Unfavorable | |
Total variabel overhead spending variance | $ (885,000.00) | Unfavorable |
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Having trouble solving Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its...
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Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Direct materials (plastic) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead (5326,880 + 908,000 units) Standard Quantity 11 sq ft. 0.25 hr. 0.25 hr. Standard Standard Price (Rate) Unit Cost $ 0.73 per sq. ft. S 8.63 $10.40 per hr. 2.60 5 2.ee per hr. e.se 0.36 Parker Plastic had the following actual results for...
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