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Actual machine hours used last month were 1550 and the

Question - Simmons Industries produced 3,000 tables last month. The standard variable manufacturing overhead (MOH) rate used by the company is $18 per machine hour. Each table requires 0.5 machine hours. Actual machine hours used last month were 1,550 and the actual variable MOH rate last month was $17.00.

Requirements -

1. Calculate the variable overhead rate variance.

2. Calculate the variable overhead efficiency variance.

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Accounting Basics: Actual machine hours used last month were 1550 and the

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Accounting Basics: Actual machine hours used last month were 1550 and the

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