Metlock Company uses a standard cost system. Indirect costs were budgeted at $214,000 plus $14...
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Accounting
Metlock Company uses a standard cost system. Indirect costs were budgeted at $214,000 plus $14 per direct labour hour. The overhead rate is based on 10,700 hours. Actual results were:
Standard direct labour hours allowed
9,470
Actual direct labour hours
10,700
Fixed overhead
$189,400
Variable overhead
$185,200
(b)
Calculate the variable overhead spending variance.
Variable overhead spending variance
$enter a dollar amount
select an option Neither favourable nor unfavourableUnfavourableFavourable
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