Reference no: EM132911667
Question - Moeller Electric manufactures light fixtures. The following information pertains to the company's manufacturing overhead data.
Budgeted output units 30,000 fixtures
Budgeted machine-hours 10,000 hours
Budgeted variable manufacturing overhead costs for 30,000 fixtures $80,625
Actual output units produced 44,000 fixtures
Actual machine-hours used 10,000 hours
Actual variable manufacturing overhead costs $121,000
(1) What is Moeller Electric's variable manufacturing overhead rate variance?
(2) What is the variable manufacturing overhead flexible-budget variance?