Sheffield Corporation accumulates the following data relative to jobs started and finished during the month of june
Cost and production data actual standard
Raw materials unit cost $ $
Raw materials units
Direct labor payroll
Direct labor hours
manufacturing overhead incurred
manufacturing overhead applied
machine hours expected to be used at normal capacity
budgeted fixed overhead for june
variable overhead rate per machine hour $
fixed overhead rate per machine hour $
Overhead is applied on the basis of standard machine hours. hours of machine time are required for each direct labor hour. The jobs were sold at $ Selling and Administrative expenses were $ Assume the amount of raw materials purchased equaled the amount used.
Compute the overhead controllable variance and the overhead volume variance.
