The Following Information Relates to Tablerock Manufacturing's Overhead Costs for the Month

question 87

Essay

The following information relates to Tablerock Manufacturing's overhead costs for the month:

Tablerock allocates variable manufacturing overhead to production based on standard direct labor hours.
Tablerock reported the following actual results for last month: actual variable overhead,$14,500;actual fixed overhead,$5,400;actual production of 4,700 units at 0.22 direct labor hours per unit.The standard direct labor time is 0.20 direct labor hours per unit.
Compute the variable overhead cost variance.(Round intermediate calculations to two decimal places and the answer to the nearest dollar. )

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Definitions:

Equity Income

Refers to the income generated by an investor's share of profits from an equity investment, such as stocks or ownership interests in companies.

Fair Value

The obtainable price for liquidating an asset or the charge to shift a liability in a planned engagement with market operatives at the time of determining value.

Investment Account Balance

The total value of all the investments held in an investor's account, including stocks, bonds, mutual funds, and other assets.