The following data have been provided by Lopus Corporation: Budgeted production 2,700 units Standard machine-hours per unit 2.8 machine-hours Standard lubricants $ 4.30 per machine-hour Standard supplies $ 3.00 per machine-hour Actual production 3,000 units Actual machine-hours 8,180 machine-hours Actual lubricants (total) $ 36,722 Actual supplies (total) $ 24,112 Required: Compute the variable overhead rate variances for lubricants and for supplies.
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Home » Business » The following data have been provided by Lopus Corporation: Budgeted production 2,700 units Standard machine-hours per unit 2.8 machine-hours Standard lubricants $ 4.30 per machine-hour Standard supplies $ 3.