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In October Sheridan company reports 20,700 actual direct labor hours, and it incurs $124,200 of...

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Accounting

In October Sheridan company reports 20,700 actual direct labor hours, and it incurs $124,200 of manufacturing overhead costs. Standard hours allowed for the work done is 20,700 hours The predetermined overhead rate is $6.15 per direct labor hour. In addition, the flexible manufacturing overhead budget shows a budget it cost are $3.99 variable per direct labor hours and $54,000 fixed. Compute the overhead volume variance. Normal capacity was 25,000 direct labor hours.

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