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    RosieJ74's Avatar
    RosieJ74 Posts: 33, Reputation: 2
    Junior Member
    		  
    #1

    Apr 21, 2006, 01:34 AM
    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 don't think I did it right. I don't think I did the formula correctly.
    silsilajan's Avatar
    silsilajan Posts: 5, Reputation: 1
    New Member
    		  
    #2

    Dec 6, 2012, 09:07 PM
    Budgeted production 10,000 units
    Actual production 15,000 units
    Budgeted overhead cost $60,000
    What is the overhead variance? Is it favorable or unfavorable?
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