Overhead Variance

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» Overhead Variance

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Apr 21, 2006, 12:34 AM

RosieJ74

Junior Member

Join Date: Apr 2006

Posts: 44

Overhead Variance

Company A uses a standard cost system. Overhead cost information for Product CO for the month of October follows:

Total actual overhead incurred $14,750
Fixed overhead budgeted $ 1,800
Total Standard overhead rate per direct labor hour $ 4.25
Variable overhead rate per direct labor hour $ 3.75
Standard hours allowed for actual production 3,400

What is the overall (net) overhead variance?

I got 300 unfavorable, but I dont think I did it right. I dont think I did the formula correctly.

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