Question: 1.) How much is the variable overhead rate (spending) variance? 2.) How much is the variable overhead efficiency variable? budgeted output units = 29,000 budgeted

1.) How much is the variable overhead rate (spending) variance?

2.) How much is the variable overhead efficiency variable?

budgeted output units = 29,000

budgeted machine hours = 10,150

budgeted variable mftg overhead costs for 10,150 = $324,800

actual output units produced =31,000

actual machine hours used = 11,000

actual variable mftg overhead costs = $344,100

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