Business, 04.05.2020 23:43 mommer2019

Andover Systems has a standard variable overhead rate of $5.60 per machine hour, and each unit produced has a standard time allowed of 2.50 hours. The company's static budget was based on 46,000 units. Actual results for the year follow.

Actual units produced: 47,000
Actual machine hours worked: 110,000
Actual variable overhead incurred: $590,000

Andover's variable-overhead efficiency variance is:

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Andover Systems has a standard variable overhead rate of $5.60 per machine hour, and each unit produ...

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