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What is the variable overhead rate variance

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Reference no: EM133160098

Question - Assume the following:

The variable portion of the predetermined overhead rate is $1.50 per direct labor-hour.

The standard labor-hours allowed per unit of finished goods is 3 hours.

The actual quantity of labor hours worked during the period was 43,300 hours.

The total actual variable manufacturing overhead cost for the period was $63,000.

The company produced 15,000 units of finished goods during the period.

Required - What is the variable overhead rate variance?

Reference no: EM133160098

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