Reference no: EM133164360
Question - Sigmo Company, which uses a standard cost system, budgeted $805,000 of fixed overhead when 55,000 machine hours were anticipated. Other data for the period were:
Actual units produced: 14,600
Actual machine hours worked: 56,800
Actual variable overhead incurred: $480,000
Actual fixed overhead incurred: $795,100
Standard variable overhead rate per machine hour: $8.50
Standard production time per unit: 4 hours
Determine the Sigmo's variable-overhead efficiency variance?