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Compute the variable overhead efficiency variance for July

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Question - The Maxwell Corporation has a standard costing system in which variable manufacturing overhead is assigned to production on the basis of standard machine-hours. The following data are available for July:

Actual variable manufacturing overhead cost incurred: $32,500.

Actual machine-hours worked: 1,750 hours.

Variable overhead rate variance: $4,500 Unfavorable.

Total variable overhead spending variance: $8,260 Unfavorable.

Required - Compute the variable overhead efficiency variance for July?

a. $12,760 Unfavorable

b. $12,760 Favorable

c. $3,760 Unfavorable

d. $3,760 Favorable

Reference no: EM132530193

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