Question: A company allocates overhead using a standard overhead rate of $4.80 per direct labor hour and 2 direct labor hours per unit. For this
A company allocates overhead using a standard overhead rate of $4.80 per direct labor hour and 2 direct labor hours per unit. For this period, the company planned production of 10,140 units (80% of its capacity) and budgeted $36,504 in variable overhead and $62,800 in fixed overhead. The company actually produced 11,600 units this period and incurred actual total overhead costs of $116,430. Enter answers in the tabs below. Required 1 Required 2 Required 3 Compute the overhead controllable variance. Note: For each variance, select favorable, unfavorable, or no variance. Do not round intermediate calculations. Actual total overhead Budgeted flexible overhead Total Controllable variance Controllable Variance < Required 1 0 Required 3 >
Step by Step Solution
3.44 Rating (151 Votes )
There are 3 Steps involved in it
Answer To compute the overhead controllable variance we need to com... View full answer
Get step-by-step solutions from verified subject matter experts
