20000x 120 24000 direct labor nursing hours budgeted

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20000x 120% = 24000 direct labor nursing hours Budgeted Overhead @ 24000 hrs= $42000 fixed plus $6000 variable = $48000 Actual Overhead @ 24000 hrs = $42000 fixed plus $7000 variable =$49000

Applied Overhead for 24000 hours @ $2.35 = $56, 400

1. set up a worksheet for applied overhead costs and volume variance
2. set up a worksheet for actual overhead costs and budget variance
3. set up a worksheet for volume variance and budget variance totaling net variance

Reference no: EM13393817

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