Question

Logical Solutions reports the following overhead variances for 2010:
Spending variance ......... $ 100,000 F
Efficiency variance......... $ 100,000 F
Volume variance ......... $ 300,000 F
In addition, actual overhead incurred in 2010 was $ 1 million. Overhead is absorbed to products using standard direct labor hours. 2010 volume was budgeted to be 40,000 direct labor hours and fixed overhead was budgeted to be $ 600,000.

Required:
What were actual volume, standard volume, and budgeted variable overhead for 2010?



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  • CreatedDecember 15, 2014
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