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What was the overhead spending variance for june

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Reference no: EM132146328

Question - ABC Manufacturing provides the standard cost of making a single product for June:

Factory Overhead Fixed 4 hours @ $1.25 per hour $5.00

Variable 4 hours @ $6.25 per hour $25.00

The factory overhead rate was based on a budgeted production of 16,000 units for June, and budgeted fixed factory overhead of $80,000.

Actual transactions and the results for June were:

Direct Labor incurred: 63,000hrs

Number of units produced: 15,800

Factory Overhead incurred:

Fixed 78,247

Variable 390,320

Required: Complete the Worksheet and answer the following questions:

(a) What was the Overhead Spending Variance for June?

(b) What was the Overhead Volume Variance for June?

(c) What was the Overhead Flexible Budget Variance for June?

Reference no: EM132146328

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