Question: Corporation uses a standard costing system in which variable manufacturing overhead is assigned to production on the basis of the number of machine hours. The
Corporation uses a standard costing system in which variable manufacturing overhead is assigned to production on the basis of the number of machine hours. The following data pertain to one month's operations
Variable manufacturing overhead cost incurred: $74,200 Total (flexible budget) variable overhead variance: $5,000 favorable Standard machine hours allowed for actual production: 3,600 Actual machine hours incurred: 3,818
What is the Corporation variable overhead efficiency variance? If favorable variance, type just the number; If unfavorable variance, type a negative sign, in front of the number (no space between); if no variance, type 0 (zero), as a number, not a word.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
