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garik1379 [7]
3 years ago
9

Assume the following: The variable portion of the predetermined overhead rate is $3.00 per direct labor-hour. The standard labor

-hours allowed per unit of finished goods is 3 hours. The actual quantity of labor hours worked during the period was 44,000 hours. The total actual variable manufacturing overhead cost for the period was $63,000. The company produced 15,000 units of finished goods during the period. What is the variable overhead efficiency variance
Business
1 answer:
Artemon [7]3 years ago
4 0

Answer:

Variable overhead efficiency variance= $3,000 favorable

Explanation:

<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Standard quantity= 3*15,000= 45,000 hours

Actual quantity= 44,000 hours

Standard rate= $3 per hour

Variable overhead efficiency variance= (45,000 - 44,000)*3

Variable overhead efficiency variance= $3,000 favorable

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