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What was the variable overhead efficiency variance for month

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Reference no: EM132751279

The corporation's variable overhead is applied on the basis of direct labor-hours. The standard cost card for product F02E specifies 5.5 direct labor hours per unit. The standard variable overhead rate is $6.80 per direct labor hour. During the recent month, 1,560 of product F02E were made, and 8,700 direct labor hours were worked. The actual variable overhead incurred was $52,635.

Problem 1: What was the variable overhead rate variance for the month?

Problem 2: What was the variable overhead efficiency variance for the month?

Reference no: EM132751279

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