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Calculate variable overhead spending variance for brett lee

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Reference no: EM132998274

Brett Lee Ltd applies variable factory overhead on the basis of direct labor hours (DLHs).

The company has the following variable factory overhead standard to manufacture one cricket ball:

  • 0.5 standard hours of labour per cricket ball at a variable overhead rate of $10.00 per DLH.
  • Last month 55 DLHs were worked to make 100 Cricket balls, and $539 was spent on variable factory overhead.

Problem 1: Calculate the variable overhead spending variance and variable overhead efficiency variance.

Reference no: EM132998274

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