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26 August, 15:02

He total variance is $35000 f. the total materials variance is $14000 f. the total labor variance is twice the total overhead variance. what is the total overhead variance?

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  1. 26 August, 15:10
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    Assume that the total overhead variance is x

    We are given that the total labor variance is twice the total overhead variance. This means that, the total labor variance is 2x

    Total variance can be calculated as follows:

    Total variance = Total materials variance + Total overhead variance

    + Total labor variance

    We have:

    Total variance = $35000

    Total materials variance = $14000

    Total overhead variance = x

    Total labor variance = 2x

    Substitute in the equation and solve for x as follows:

    35000 = 14000 + x + 2x

    35000 - 14000 = 3x

    21000 = 3x

    x = 21000/3

    x = 7000

    Based on the above calculations:

    Total overhead variance = x = $7000

    Total labor variance = 2x = 2*7000 = $14000
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