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.