Standards specify 0.1 direct labor hours per unit of product. At the beginning of the year, the
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Question:
Standards specify 0.1 direct labor hours per unit of product. At the beginning of the year, the static budget for variable overhead costs included the following data:
Production volume………………………6,000 units
Estimated variable overhead costs………$13,500
Estimated direct labor hours (Dh?r)…….600 hours
At the end of the year, actual data were as follows:
Production volume………………………4,000 units
Actual variable overhead costs………….$15,000
Actual direct labor hours (Dh?r)………..480 hours
Calculate the variable overhead efficiency variance.
Related Book For
Statistics for Business and Economics
ISBN: 978-0132930192
8th edition
Authors: Paul Newbold, William Carlson, Betty Thorne
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