In October, Pine Company reports 20,300 actual direct labor hours, and it incurs $125,200 of manufacturing...
In October, Pine Company reports 20,300 actual direct labor hours, and it incurs $125,200 of manufacturing overhead costs. Standard hours allowed for the work done is 24,400 hours. The predetermined overhead rate is $4.88 per direct labor hour. Compute the total overhead variance. (Round answer to 0 decimal places, e.g. 125.) Total Overhead Variance $Entry field with incorrect answer Entry field with correct answer
Homework Answers
Total Overhead Variance = Standard overhead - Actual Overhead.
Standard Overhead = $24,400 hrs × $4.88 =$119,072.
Actual Overhead = $125,200.
Total Overhead Variance = $19,072 - $125,200 = $6,128 Unfavourable.
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In October, Pine Company reports 20,300 actual direct labor
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