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Determine the total overhead variance for the past month

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Question - Megan, Incorporated uses the following standard costs per unit for one of its products: Direct labor (2.0 hours @ $5.00 per hour) = $10.00; overhead (2.0 hours @ $2.50 per hour) = $5.00. The flexible budget for overhead is $130,000 plus $1.00 per direct labor hour (DLH). Actual data for the past month show total overhead costs of $265,000, total fixed overhead of $125,000, 94,000 hours worked, and 43,000 units produced.

Required - Determine the total overhead variance for the past month for Megan, Incorporated?

Reference no: EM133169085

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