Schley Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: The original budget was based on 3,200 machine-hours. The company actually worked 3,510 machine-hours during the month and the standard hours allowed for the actual output were 3,660 machine-hours. What was the overall variable overhead efficiency variance for the month?

Question

Schley Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below:  The original budget was based on 3,200 machine-hours. The company actually worked 3,510 machine-hours during the month and the standard hours allowed for the actual output were 3,660 machine-hours. What was the overall variable overhead efficiency variance for the month?

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The Answer of Schley Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below:  The original budget was based on 3,200 machine-hours. The company actually worked 3,510 machine-hours during the month and the standard hours allowed for the actual output were 3,660 machine-hours. What was the overall variable overhead efficiency variance for the month?

Schley Corporation Applies Manufacturing Overhead to Products on the Basis