The predetermined overhead rate for Sheridan Company is $4, comprised of a variable overhead rate...
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Accounting
The predetermined overhead rate for Sheridan Company is $4, comprised of a variable overhead rate of $2 and a fixed rate of $2. The amount of budgeted overhead costs at normal capacity of $120000 was divided by normal capacity of 30000 direct labor hours, to arrive at the predetermined overhead rate of $4. Actual overhead for June was $8200 variable and $6000 fixed, and 2500 units were produced. The direct labor standard is 2 hours per unit produced. The total overhead variance is
$5800 F.
$2500 U.
$2500 F
$5800 U.
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