Manufacturing overhead data for the production of Product H by Norland Company are as follows. Overhead incurred for 52,000 actual direct labor hours worked $213,000 Overhead rate (variable $3; fixed $1) at normal capacity of 54,000 direct labor hours $4 Standard hours allowed for work done 51,000
Instructions
Compute the total, controllable, and volume overhead variances.
- Total overhead variance $ Favorable/Unfavorable
- Overhead controllable variance $ UnfavorableFavorable
- Overhead volume variance $ FavorableUnfavorable