Reference no: EM132529376
Assume fixed overhead was budgeted at $812,000 when 62,000 machine hours were estimated to be used. Given the following data:
Actual units produced: 13,060
Actual machine hours worked: 63,800
Actual variable overhead incurred: $487,000
Actual fixed overhead incurred: $802,100
Standard variable overhead rate per machine hour: $7.00
Standard production time per unit: 5 hours
Question 1: the variable overhead efficiency variance is:
Option 1: $10,500U.
Option 2: $10,500F.
Option 3: $12,600U.
Option 4: $12,600F.
Option 5: None of the answers is correct.
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