Compute total-controllable and volume overhead variances


Manufacturing overhead data for the production of Product H by Norland Company are as follows.

Overhead incurred for 54,000 actual direct labor hours worked $211,000
Overhead rate (variable $3; fixed $1) at normal capacity of 54,100 direct labor hours $4
Standard hours allowed for work done 50,200

Compute the total, controllable, and volume overhead variances.

Total overhead variance $ Favorable or Unfavorable
Overhead controllable variance $ Favorable or Unfavorable
Overhead volume variance $ Unfavorable or Favorable

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Accounting Basics: Compute total-controllable and volume overhead variances
Reference No:- TGS090400

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