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The following information is available from the Ryan Company:
Actual OH - $15,000
Fixed OH expenses, actual - &7,200
Fixed OH expenses, budgeteed - $7,000
Actual Hours - 3,500
Standard Hours - 3,800
Variable OH rate per DLH - $2.50
Assuming that Ryan uses a three-way analysis of overhead variances, what is the overhead spending variance?
a) $750 F
b) $750 U
c) $950 F
d) $1,500U
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