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Dapice Incorporated makes a single product--a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead
Dapice Incorporated makes a single product--a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below:
Budgeted fixed manufacturing overhead | $ | 76,815 | |
Budgeted hours | 13,500 | labor-hours | |
Standard hours allowed for the actual production | 14,400 | labor-hours |
The fixed overhead volume variance is:
a) 5121U
b) 5121F
c) 21,121F
d) 21,121U
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