Question: Shepard Industries produced 4,000 tables last month. The standard variable manufacturing overhead (MOH) rate used by the company is $24 per machine hour. Each table

Shepard Industries produced 4,000 tables last month. The standard variable manufacturing overhead (MOH) rate used by the company is $24 per machine hour. Each table requires 0.3 machine hours. Actual machine hours used last month were 1,170, and the actual variable MOH rate last month was $22.00.
Requirements
1. Calculate the variable overhead rate variance.
2. Calculate the variable overhead efficiency variance.

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