Question: I would like some assistance checking my work so far. Variable overhead cost standard Direct labor efficiency standard Actual amount of direct labor hours Actual

I would like some assistance checking my work so far.


Variable overhead cost standard Direct labor efficiency standard Actual amount of direct labor hours Actual cost of variable overhead Fixed overhead cost standard Budgeted fixed overhead Actual cost of fixed overhead $0.30 per DLHr 7.50 DLHr per shirt 13,590 DLHr $6,795 $035 per DLHr $5,119 $5,199 13. Calculate the variable overhead cost variance. Select the formula, then enter the amounts and compute the cost variance for variable overhead (VOH) and identify whether the variance is favorable (F) or unfavorable (U). ( Standard Cost - Actual Cost ) x Actual Quantity : VOH CostVariance 14. Calculate the variable overhead efficiency variance. Select the formula, then enter the amounts and compute the efficiency variance for variable overhead and identify whether the variance is favorable (F) or unfavorable (U). ( Standard Cost - Actual Cost ) x Standard Quantity : VOH EfficiencyVariance 15. Calculate the total variable overhead variance The total variable overhead variance is 2745 . 16. Calculate the fixed overhead cost variance Select the formula, then enter the amounts and compute the cost variance for fixed overhead (FOH) and identify whether the variance is favorable (F) or unfavorable (U). Actual fixed overhead - Budgeted fixed overhead : Fixed Overhead Cost Variance
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