manufactures headphones. In February, produced 3,200 sets of headphones, but had budgeted production at 3,500 set...

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manufactures headphones. In February, produced 3,200 sets of headphones, but had budgeted production at 3,500 set of headphones. The allocation base for overhead costs is direct labor hours. The following additional data is available for the month: 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 $5 per DLHr 4.00 DLHr per jean 4,500 DLHr $3,000 $3.00 per DLHr $2,500 $2,700 (a) Compute the variable overhead efficiency variance. (b) Compute the fixed overhead volume variance. manufactures headphones. In February, produced 3,200 sets of headphones, but had budgeted production at 3,500 set of headphones. The allocation base for overhead costs is direct labor hours. The following additional data is available for the month: 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 $5 per DLHr 4.00 DLHr per jean 4,500 DLHr $3,000 $3.00 per DLHr $2,500 $2,700 (a) Compute the variable overhead efficiency variance. (b) Compute the fixed overhead volume variance.

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a Variable overhead efficiency variance Standard Hours 3200 x 4 Standard Hours ... View the full answer