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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Refer to the information from QS 24-10. Compute the variable overhead spending variance and the variable overhead efficiency variance.
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QS 24-10
Masters Company applies overhead using machine hours and reports the following information. Compute the total variable overhead cost variance.
Actual machine hours used . . . . . . . . . . . . . . . . . . . . . 4,950 hours
Standard machine hours . . . . . . . . . . . . . . . . . . . . . . . 5,000 hours
Actual variable overhead rate per hour . . . . . . . . . . . $4.10
Standard variable overhead rate per hour . . . . . . . . . $4.00
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