Reference no: EM131723979

Question - XYZ Company reported the following information regarding its single product for May:

Direct materials: 

Price variance .................  $5,000 favorable 

Quantity variance ..............  $16,320 unfavorable 

Direct materials used ..........  40,000 pounds 

Direct materials purchased .....  50,000 pounds 

Actual price paid ..............  $5 per pound 

Standard quantity ..............  8 pounds per unit

Direct labor:  Total variance .................  $20,150 unfavorable 

Actual rate ....................  $13 per hour 

Standard rate ..................  $15 per hour 

Standard hours .................  0.65 hours per unit

Variable overhead: 

Total variance .................  $9,030 unfavorable 

Spending variance ..............  $27,150 favorable 

Standard hours .................  0.65 hours per unit

Calculate the actual variable overhead cost incurred during May. Do not use decimals in your answer.