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Mosaic company applies overhead using machine hours

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Mosaic Company applies overhead using machine hours and reports the following information. Compute the total variable overhead cost variance.

Actual machine hours used . . . . . . . . . . . . . . . . . . . . . 4,700 hours 

Standard machine hours . . . . . . . . . . . . . . . . . . . . . . . 5,000 hours 

Actual variable overhead rate per hour . . . . . . . . . . . $ 4.15 

Standard variable overhead rate per hour . . . . . . . . . $ 4.00 

Reference no: EM13908943

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