Metlock Company uses a standard cost system. Indirect costs were budgeted at $214,000 plus $14...
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Accounting
Metlock Company uses a standard cost system. Indirect costs were budgeted at $214,000 plus $14 per direct labour hour. The overhead rate is based on 10,700 hours. Actual results were:
| Standard direct labour hours allowed | 9,470 | ||
| Actual direct labour hours | 10,700 | ||
| Fixed overhead | $189,400 | ||
| Variable overhead | $185,200 |
(b)
Calculate the variable overhead spending variance.
| Variable overhead spending variance | $enter a dollar amount | select an option Neither favourable nor unfavourableUnfavourableFavourable |
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