Underfoot Products uses standard costing. The following information about overhead was generated during May: Standard variable overhead rate$2 per machine hour Standard fixed overhead rate$1 per machine hour Actual variable overhead costs$390,000 Actual fixed overhead costs$175,000 Budgeted fixed overhead costs$190,000 Standard machine hours per unit produced10 Good units produced18,000 Actual machine hours200,000 Using the above information provided for Underfoot Products, compute the total variable overhead variance.
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Home » Business » Underfoot Products uses standard costing. The following information about overhead was generated during May: Standard variable overhead rate$2 per machine hour Standard fixed overhead rate$1 per machine hour Actual variable overhead costs$390,000