Compute the total, controllable, and volume variances for overhead, accounting homework help
Compute the total, controllable, and volume variances for overhead, accounting homework help
Seacrest Company’s overhead rate was based on estimates of $924,000 for overhead costs and 84,000 direct labor hours. Seacrest’s standards allow 4 hours of direct labor per unit produced. Production in May was 1,780 units, and actual overhead incurred in May was $78,980. The overhead budgeted for 7,120 standard direct labor hours is $77,960 ($21,000 fixed and $56,960 variable).
Compute the total, controllable, and volume variances for overhead.
| Total Overhead Variance | $
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| Overhead Controllable Variance | $
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| Overhead Volume Variance | $
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