Calculating the Total Overhead Variance Standish Company manufactures consumer products and provided the following information...
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Accounting
Calculating the Total Overhead Variance
Standish Company manufactures consumer products and provided the following information for the month of February:
| Units produced | 131,800 |
| Standard direct labor hours per unit | 0.2 |
| Standard variable overhead rate (per direct labor hour) | $3.40 |
| Actual variable overhead costs | $88,750 |
| Actual hours worked | 26,650 |
Required:
1. Calculate the total variable overhead variance. $fill in the blank 1
2. What if actual production had been 129,500 units? How would that affect the total variable overhead variance? Indicate what the new variance would be below. $fill in the blank 3
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