Hi need help with this question please:
Fletcher Company collected the following data regarding the production of one of its products. Compute the variable overhead efficiency variance.
Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead ef?ciency variance. Direct labor standard (2 hrs. @ $13.66/hr.) $ 27.26 per finished unitActual direct labor hours 162,566 hrs. Budgeted units 62,666 units Actual finished units produced 56,566 units Standard variable 0H rate (2 hrs. @ $16.66/hr.) $ 33.26 per finished unitStandard fixed 0H rate ($626,666/62,666 units) $ 16.66 per unit Actual cost of variable overhead costs incurred $1,673,666 Actual cost of fixed overhead costs incurred $ 625,666
