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How to compute variable moh rate and efficiency variances

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Reference no: EM132577304

Question 1: Compute the variable MOH rate and efficiency variances given the following information:

  • Top Shoe Mfg. uses direct labor hours as the allocation base in its predetermined OH rate. The company has the following standard variable MOH cost for each left-handed shoe:
  • 3.7 standard labor hours per left-handed shoe at $9.25 per labor hour.
  • Last month, employees actually worked 19,000 labor hours to make 5,000 left-handed shoes. (Round off your answers to 2 decimal places). Variable MOH was actually $170,000.

Reference no: EM132577304

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