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20 February, 11:46

The predetermined overhead rate for concord corporation is $5, comprised of a variable overhead rate of $3 and a fixed rate of $2. the amount of budgeted overhead costs at normal capacity of $150000 was divided by normal capacity of 30000 direct labor hours, to arrive at the predetermined overhead rate of $5. actual overhead for june was $8288 variable and $5040 fixed, and 1400 units were produced. the direct labor standard is 2 hours per unit produced. the total overhead variance is

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  1. 20 February, 12:14
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    Actual overhead=8,288+5,040=13,328

    Estimated overhead

    5 * (2*1,400)

    5*2800 direct labor hours

    =14,000

    The total overhead variance

    14,000-13,328

    =672 over applied
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