Question
Haley Fans manufactures and distributes circulators. The standard and actual costs for the manufacture of circulators follows: Standard Costs Actual Costs Variable cost, $24 per
Haley Fans manufactures and distributes circulators. The standard and actual costs for the manufacture of circulators follows:
Standard Costs | Actual Costs |
Variable cost, $24 per unit | Total variable cost, $12,300 |
Fixed cost, $40 per unit | Total fixed cost, $19,250 |
Budgeted factory overhead was $32,000. Overhead applied is based on the number of circulator units produced. The company estimated that 500 circulators would be produced, however only 480 were produced. How much is Haleys overhead volume variance for 2020?
A. $800 unfavorable
B. $830 favorable
C. $450 favorable
D. $50 unfavorable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started