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S Corp uses the following activity rates from its activity-bases costing to assign overhead costs to products.
Activity cost pools Activity RateSetting up batches $96.01 per batchProcessing Customer Orders $21.72 per customer orderAssembling products $2.23 per assembly hour
Last year, Product J involved 48 batches, 22 customer orders and 395 assembly hours.
Required:
How much overhead cost would be assigned to Product J using the company's activity based costing system? Show your work.
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The part of the variable overhead budget variance due to the difference between actual hours required and standard hours allowed for work done is called the:
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