Question: Variable Overhead Spending and Efficiency Variances, Columnar and Formula Approaches Gladys Company provided the following information: Standard variable overhead rate (SVOR) per direct labor hour

Variable Overhead Spending and Efficiency Variances, Columnar and Formula Approaches

Gladys Company provided the following information:

Standard variable overhead rate (SVOR) per direct labor hour $3.90
Actual variable overhead rate (AVOR) per direct labor hour $3.62
Actual direct labor hours worked (AH) 55,600
Actual production in units 10,000
Standard hours (SH) allowed for actual units produced 53,000

Variable Overhead Spending and Efficiency Variances, Columnar and Formula Approaches Gladys Company

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