Standard costing system-basis of standard machine-hours

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Reference no: EM13754094

The Maxwell Corporation has a standard costing system in which variable manufacturing overhead is assigned to production on the basis of standard machine-hours. The following data are available for July:

• Actual variable manufacturing overhead cost incurred: $26,580

• Actual machine-hours worked: 3,400 hours

• Variable overhead rate variance: $6,120 Unfavorable

• Total variable overhead spending variance: $8,580 Unfavorable

The variable overhead efficiency variance for July is:

Reference no: EM13754094

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