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help Fletcher Company collected the following data regarding production of one of its products. Compute the fixed overhead cost variance. Direct labor standard (2 hrs.
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Fletcher Company collected the following data regarding production of one of its products. Compute the fixed overhead cost variance. Direct labor standard (2 hrs. @ $13.00/hr.) Actual direct labor hours Budgeted units Actual finished units produced Standard variable OH rate (2 hrs. @ $14.00/hr.) Standard fixed OH rate ($556,800/58,000 units) Actual cost of variable overhead costs incurred Actual cost of fixed overhead costs incurred 31 $ 26.00 per finished unit 98,500 hrs. 50,500 units 48,500 units $ 28.00 per finished unit $ 9.60 per unit $1,351,000 $ 560,000 Saved Help Save & Exit Submit $21,000 favorable $94.400 favorable $94.400 unfavorable $21.000 unfavorable. $14.000 unfavorable Step by Step Solution
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