What was the variable overhead rate variance, Accounting Basics

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What was the variable overhead rate variance

Jarvey Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month:

Budgeted level of activity (MHs) 6,100
Actual level of activity (MHs) 6,300
Cost formula for variable overhead cost (per MH) $6.70
Budgeted fixed manufacturing overhead cost $42,000
Actual total variable overhead $41,580
Actual total fixed manufacturing overhead $45,000

What was the variable overhead rate variance for the month?

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Accounting Basics: What was the variable overhead rate variance

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Accounting Basics: What was the variable overhead rate variance

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Recent Questions Asked Accounting Basics

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Accounting Basics: What was the variable overhead rate variance

Reference No:- TGS0699143

Recent Questions Asked Accounting Basics

Q : Give expression for the volume of water in the trough

Q : How many units should be produced

Q : Determine which two accounts are affected

Q : What will be the balance of the account

Q : What was the variable overhead rate variance

Q : What is the present value of the payments

Q : What angle of depression used if camera is directed to spot

Q : Expected to generate cash inflows

Q : What is their net tax savings percentage

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