The data below is given for a manufacturer: Standard variable overhead rate $27 per machine hour Standard
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Question:
The data below is given for a manufacturer:
Standard variable overhead rate | $27 per machine hour |
Standard quantity of machine hours | 2.3 hours per unit of output |
Budgeted fixed overhead | $270,000 |
Budgeted output | 15,000 units |
Actual results are as follows:
Actual output | 13,500 units |
Actual variable overhead | $757,350 |
Actual fixed overhead | $274,500 |
Actual machine time | 29,700 machine hours |
What is the variable overhead efficiency variance?
Related Book For
Managerial Accounting for Managers
ISBN: 978-1259578540
4th edition
Authors: Eric Noreen, Peter Brewer, Ray Garrison
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