Calculate the total variance between the actual cost and

the #8033
Calculate the total variance between the actual cost and the standard cost for the month.The
standard cost card for a unit of product at the Cleaner Corp. shows the following standard cost
information:Materials: 2 gallons at $11 per gallon..........................$ 22Labor: 5 hour at $16 per
hour.....................................80Overhead: 80% of direct
labor....................................64Total................................................................$166During the
month of October 2016, Job O-3 was completed. It was the only job worked on during October.
Six thousand units were produced from the job. The actual costs were as shown
below:Materials: 12,200 gallons at $11.10 per gallon..........................$ 135,420Labor: 30,100
hours at $16.10 per hour....................................484,610Actual overhead......................................
..........................387,688Total..........................................................................$1,007,718View
Solution:
Calculate the total variance between the actual cost and the

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