A company showed the following information for the year: Standard variable overhead rate (SVOR) per direct labor

Question:

A company showed the following information for the year:

Standard variable overhead rate (SVOR) per direct labor hour .... $4.50

Standard hours (SH) allowed per unit ............. 3

Actual production ..................... 12,000

Actual variable overhead costs ................ $163,172

Actual direct labor hours .................. 36,100

Required:

1. Calculate the actual variable overhead rate (AVOR).

2. Calculate the applied variable overhead.

3. Calculate the total variable overhead variance.

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Cornerstones of Managerial Accounting

ISBN: 978-0324660135

3rd Edition

Authors: Mowen, Hansen, Heitger

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Question Posted: Feb 04, 2012 12:14 AM

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A company showed the following information for the year: Standard variable overhead rate (SVOR) per direct labor

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