Budgeted overhead is $40,000, budgeted direct labour hours are 2,000, actual overhead is $40,400, and direct labour hours are 3,230. Unadjusted Cost of Goods Sold is $140,800. Calculate the following:
A. Calculate the overhead variance.
B. Assuming the variance is insignificant, calculate adjusted Cost of Goods Sold.

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The Answer of Budgeted overhead is $40,000, budgeted direct labour hours are 2,000, actual overhead is $40,400, and direct labour hours are 3,230. Unadjusted Cost of Goods Sold is $140,800. Calculate the following:
A. Calculate the overhead variance.
B. Assuming the variance is insignificant, calculate adjusted Cost of Goods Sold.

Budgeted Overhead Is $40,000, Budgeted Direct Labour Hours Are 2,000