Innova companys overhead rate was based on estimates of

Reference no: EM13606763

Innova Company's overhead rate was based on estimates of $1,082,400 for overhead costs and 98,400 direct labor hours. Innova's standards allow 5 hours of direct labor per unit produced. Production in May was 1,670 units, and actual overhead incurred in May was $92,825. The overhead budgeted for 8,350 standard direct labor hours is $91,475 ($20,500 fixed and $70,975 variable). Compute the total, controllable, and volume variances for overhead.

Reference no: EM13606763

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