Solution-What is the amount of the factory overhead variance

What is the amount of the factory overhead variance

Reference no: EM132968977

Problem - Viy Company applies factory overhead using a percentage of direct labor cost. Costs for the year 2020 have been estimated as follows:

Direct labor cost: 120,000

Factory overhead: 96,000

During January 2020, costs were recorded as follows:

Direct labor cost: 8,000

Factory overhead costs: 7,200

Required - What is the amount of the factory overhead variance?

Reference no: EM132968977

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What is the amount of the factory overhead variance

Reference no: EM132968977

Reference no: EM132968977

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