1. Formidable Company collected the following information:Standard costs per unit:Variable Overhead4 machine hours at $6 per...
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Accounting
1. Formidable Company collected the following information:
| Standard costs per unit: | |
| Variable Overhead | 4 machine hours at $6 per machine hour |
| Fixed overhead | 4 machine hours at $10 per machine hour |
| actual output | 20,000 units |
| Denominator output (normal capacity) | 21,000 units |
| Actual machine hours | 79,000 machine hours |
| Actual Variable Overhead Cost | $ 540,000 |
| Actual Fixed Overhead Cost | $800,000 |
Using the three variance method, what is the budget variance?
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