Overhead is applied on the basis of direct labor hours. B…
Overhead is applied on the basis of direct labor hours. Budgeted Direct Labor Hours 6,500 SP for Variable Overhead $1.70 Actual Variable Overhead $12,960 SQ x SP for Variable Overhead $11,560 SQ x SP for Fixed Overhead $23,120 Budgeted Fixed Overhead $22,100 Actual Fixed Overhead $24,000 Actual Direct Labor Hours 6,500 The fixed overhead volume variance was:
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