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Budgeted production 1,075 units Actual production 920 units Materials: Standard price per pound $1.874 Standard pounds per completed unit 12 Actual pounds purchased and used
Budgeted production 1,075 units
Actual production 920 units
Materials:
Standard price per pound $1.874
Standard pounds per completed unit 12
Actual pounds purchased and used in production 10,709
Actual price paid for materials $21,953
Labor:
Standard hourly labor rate $15.00 per hour
Standard hours allowed per completed unit 4.7
Actual labor hours worked 4,738
Actual total labor costs $72,255
Overhead:
Actual and budgeted fixed overhead $1,120,000
Standard variable overhead rate $26.00 per standard labor hour
Actual variable overhead costs $132,664
Overhead is applied on standard labor hours.
The variable factory overhead controllable variance is
a. $161,488.37 unfavorable
b. $161,488.37 favorable
c. $20,240.00 unfavorable
d. $20,240.00 favorable
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