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A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. Variable manufacturing overhead standards are based on machine-hours.

Standard hours per unit of output 3.40 machine-hours
Standard variable overhead rate $10.75 per machine-hour

The following data pertain to operations for the last month:

Actual hours 9,200 machine-hours
Actual total variable manufacturing overhead cost $95,800
Actual output 2,500 units

What is the variable overhead rate variance for the month?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92748903

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