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The following standards for variable overhead have been established for a company that makes only one product:

Standard hours per unit of output: 4.5 hours
Standard variable overhead rate: $16.00 per hour

The following data pertain to operations for the last month:

Actual hours: 8,200 hours
Actual total variable overhead cost: $125,000
Actual output: 1,810 units

What is the variable overhead rate variance for the month?
What is the variable overhead efficiency variance for the month?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9960329

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