Finding overall variable overhead efficiency
Not what you're looking for?
Company applies manufacturing overhead to products on the basis of standard machine hours. For most recent month, company based its budget on 4,400 machine hours. Budgeted and actual overhead costs for the month are:
Variable OH: Budgeted Actual
Supplies 21,500 20,720
Indirect Labor 28,160 27,480
Fixed OH:
Supervision 17,900 17,590
Utilities 5,900 6,160
Factory Depreciation 8,200 8,400
Total Overhead Costs 81,720 80,350
The company actually worked 4,460 machine hours during the month. The standard hours allowed for actual output were 4,310 machine hours for the month. What is the overall variable overhead efficiency variance for the month?
Purchase this Solution
Solution Summary
The following posting helps calculate the overall variable overhead efficiency in Excel.
Purchase this Solution
Free BrainMass Quizzes
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.