Page 405 - F2 - MA Integrated Workbook STUDENT 2018-19
P. 405
Standard costing
Test your understanding 7
The variable overhead variances for the period are:
Variable overhead expenditure variance $1,254 A F
Variable overhead efficiency variance $160 A F
Actual hours 2,090 hours × Actual rate $5,434
Expenditure variance $1,254 A
Actual hours 2,090 hours × Standard rate $2 $4,180
Efficiency variance $160 A
Standard hours 670 units × 3 hours × Standard rate $2 $4,020
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