The following information relates to Regency Manufacturing's overhead costs for the month:
Regency allocates manufacturing overhead to production based on standard direct labor hours.
Regency 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 the answer to the nearest dollar. )
Definitions:
Disposable Income
The total funds available for spending and saving by households after subtracting income taxes.
Savings
Money set aside from personal income for future use, often placed in secure accounts or investments for growth or as a safeguard.
Disposable Income
Funds households are left with for saving or expenditure after income taxes are taken out.
APC (Average Propensity to Consume)
The fraction of income that is spent on consumption as opposed to savings.
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