Question - Seacrest Company's overhead rate was based on estimates of $1,176,000 for overhead costs and 117,600 direct labor hours. Seacrest's standards allow 4 hours of direct labor per unit produced. Production in May was 2,485 units, and actual overhead incurred in May was $100,320. The overhead budgeted for 9,940 standard direct labor hours is $98,980 ($29,400 fixed and $69,580 variable).
Compute the following:
Total Overhead Variance -
Overhead Controllable Variance -
Overhead Volume Variance -