Mosaic Company applies overhead using machine hours and reports the following information. ...
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Accounting
Mosaic Company applies overhead using machine hours and reports the following information.
| Actual machine hours used (AH) | 5,000 | hours | ||
| Standard machine hours (for actual production) (SH) | 5,500 | hours | ||
| Actual variable overhead rate per hour (AVR) | $ | 4.30 | ||
| Standard variable overhead rate per hour (SVR) | $ | 4.15 | ||
Compute the total variable overhead cost variance and classify it as favorable or unfavorable.
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