Business, 16.07.2021 01:00 cassidyhead27

Calculating the Variable Overhead Spending and Efficiency Variances Standish Company manufactures consumer products and provided the following information for the month of February: Units produced 131,600 Standard direct labor hours per unit 0.2 Standard variable overhead rate (per direct labor hour) $3.40 Actual variable overhead costs $88,750 Actual hours worked 26,5501. Calculate the variable overhead spending variance using the formula approach. 2. Calculate the variable overhead efficiency variance using the formula approach. 3. What if 26,100 direct labor hours were actually worked in February? What impact would that have had on the variable overhead spending variance? What impact would that have had on the variable overhead efficiency variance?

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Calculating the Variable Overhead Spending and Efficiency Variances Standish Company manufactures co...

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