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Compute the variable overhead rate variances for lubricants

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Reference no: EM133188482

Question - The following data have been provided by Vegas Corporation:

Budgeted production 8,300 units

Standard machine-hours per unit 4.5 machine-hours

Standard lubricants $ 5.10 per machine-hour

Standard supplies $ 2.90 per machine-hour

Actual production 8,600 units

Actual machine-hours 38,270 machine-hours

Actual lubricants (total) $211,801

Actual supplies (total) $107,566

Required - Compute the variable overhead rate variances for lubricants and for supplies. Indicate whether each of the variances is favorable (F) or unfavorable (U). Show your work.

Reference no: EM133188482

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