EX 11-32 (Algo) Overhead Variances (LO 11-5) Montoursville Control Company, which manufactures electrical switches, uses a standard-costing system. The standard production overhead costs per switch are based on direct-labor hours and are as follows: Variable overhead (5 direct-labor hours @
$8.00
per hour) Fixed overhead (5 direct-labor hours @
$12.00
per hour)* \table[[
$40