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Fletcher Company collected the following data regarding production of one of its products. Compute the...

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Accounting

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Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead cost variance. Skipped Direct labor standard (2.0 hrs. @ $13.00/hr.) Actual direct labor hours Budgeted units Actual finished units produced Standard variable OH rate (2 hrs. @ $14.00/hr.) Standard fixed OH rate ($353,500/50,500 units) Actual cost of variable overhead costs incurred Actual cost of fixed overhead costs incurred $ 26.00 per finished unit 98,500 hrs. 50,500 units 48,500 units $ 28.00 per finished unit $ 7.00 per unit $1,351,000 $ 560,000 $7,000 favorable. $20,750 favorable. $20,750 unfavorable. $21,100 unfavorable. $14,100 favorable

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