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What is the variable overhead rate variance for the month

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A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. Variable manufacturing overhead standards are based on machine-hours.

  Standard hours per unit of output

5.00  

 machine-hours

  Standard variable overhead rate

$11.63  

 per machine-hour

The following data pertain to operations for the last month:

 Actual hours

8,500 

 machine-hours

  Actual total variable manufacturing overhead cost

$95,970 

 

  Actual output

1,600 

 units

What is the variable overhead rate variance for the month?

Reference no: EM131115688

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