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Business, 09.11.2020 07:50 alvaradolm9723

Dallin Tax Company considers 8,000 direct labor hours or 400 tax returns its normal monthly capacity. Its standard variable overhead rate is $40 per direct labor hour. During the current month, $308,500 of variable overhead cost was incurred in working 7,400 direct labor hours to produce 360 units of product. Determine the following variances, and indicate whether each is favorable or unfavorable: Determine the following variances:
What I have gotten so far:
Actual cost: 308500
Split cost: 296000
Standard cost: ? (320000 is the logical answer, but is not correct.)
Variable overhead spending: 12500 (unfavorable)
Variable overhead efficiency: ?

Any advice??

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Answers: 1

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Dallin Tax Company considers 8,000 direct labor hours or 400 tax returns its normal monthly capacity...
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