Question: The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output Standard variable
The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output Standard variable overhead rate 6:4 hours $13.00 per hour The following data pertain to operations for the last month: 9,900 hours 1,540 units Actual hours Actual total variable overhead cost Actual output $125,190 Required: a. What is the variable overhead rate variance for the month? (Input the amount as a positive value. Leave no cells blank- be certain to enter "O" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.) Variable overhead rate variance
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