A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company bases its variable manufacturing overhead standards on direct labor-hours.
Standard hours per unit of output | 4.50 | DLHs | |
Standard variable overhead rate | $ | 11.52 | per DLH |
The following data pertain to operations for the last month:
Actual direct labor-hours | 8,900 | DLHs | |
Actual total variable manufacturing overhead cost | $ | 95,920 | |
Actual output | 1,800 | units | |
What is the variable overhead rate variance for the month?
$6,889 F
$6,889 U
$6,608 U
$6,608 F
Correct answer---------$6,608 U
Working
Variable Overhead Rate Variance | ||||||
( | Standard Rate | - | Actual Rate | ) | x | Actual Labor Hours |
( | $ 11.52 | - | $ 10.78 | ) | x | 8900 |
$ 6,608.00 | ||||||
Variance | $ 6,608.00 | Favourable-F |
Standard DATA for | 1800 | Items | |
Quantity (SQ) | Rate (SR) | Standard Cost | |
[A] | [B] | [A x B] | |
Variable Overhead | ( 4.5 hours x 1800 Items)=8100 hours | $ 11.52 | $ 93,312.00 |
1800 | Items | ||
Quantity (AQ) | Rate (AR) | Actual Cost | |
Variable Overhead | 8900 | $ 10.78 | $ 95,920 |
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