WileyPLUS LU Weygandt Managerial Accounting 7e Ac Practice

WileyPLUS LU Weygandt, Managerial Accounting, 7e Ac & Practice Assignment Gradebook ORION Downloadable eTextbook Assignment CALCULATOR FULL CES Exercise 11-11 Manufacturing overhead data for the production of Product H by Shakira Company are as follows. Overhead incurred for 50,700 actual direct labor hours worked Overhead rate (variable $8; fixed $1) at normal capacity of 44,000 direct labor hours Standard hours allowed for work done $460,300 $9 50,944 Compute the total oterhead variance. y Total overhead variance LINK TO TEXT VIDEO: APPLIED SKILLS Question Attempts: 0 of 3

Solution

Total overhead variance = Actual overhead - standard overhead cost

                = 460300 - 451552

               = 8748 U

***standard variable overhead cost =SH *SR

             = 50944*8

            = 407552

Standard fixed overhead cost =44000*1=44000

Total standard cost = 407552 +44000 = 451552