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What is the variable overhead spending variance

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Question - In the most recent month, 165,000 items were shipped to customers using 6,800 direct labor-hours. The company incurred a total of $22,100 in variable overhead costs.

According to the company's standards, 0.04 direct labor-hours are required to fulfill an order for one item and the variable overhead rate is $3.30 per direct labor-hour.

Required:

1. What is the standard labor-hours allowed (SH) to ship 165,000 items to customers?

2. What is the standard variable overhead cost allowed (SH × SR) to ship 165,000 items to customers?

3. What is the variable overhead spending variance?

4. What is the variable overhead rate variance and the variable overhead efficiency variance?

Reference no: EM132429557

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