Mosaic Company applies overhead using machine hours and reports the following information. Compute the total variable overhead cost variance. Actual machine hours used . . . . . . . . . . . . . . . . . . . . . 4,700 hours Standard machine hours . . . . . . . . . . .
Mosaic Company applies overhead using machine hours and reports the following information. Compute the total variable overhead cost variance.
Actual machine hours used . . . . . . . . . . . . . . . . . . . . . 4,700 hours
Standard machine hours . . . . . . . . . . . . . . . . . . . . . . . 5,000 hours
Actual variable overhead rate per hour . . . . . . . . . . . $ 4.15
Standard variable overhead rate per hour . . . . . . . . . $ 4.00
Actual machine hours used . . . . . . . . . . . . . . . . . . . . . 4,700 hours
Standard machine hours . . . . . . . . . . . . . . . . . . . . . . . 5,000 hours
Actual variable overhead rate per hour . . . . . . . . . . . $ 4.15
Standard variable overhead rate per hour . . . . . . . . . $ 4.00
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Actual variable overhead (4,700 x $4.15)* .......................................... …View the full answer
Related Book For 
Fundamental accounting principle
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
ISBN: 978-0078025587