Question
Jones Inc.s predetermined Fixed Manufacturing Overhead is $ 6 per direct labour hour based on budgeted Fixed Overhead costs of $ 600,000. The standard allows
Jones Inc.s predetermined Fixed Manufacturing Overhead is $ 6 per direct labour hour based on budgeted Fixed Overhead costs of $ 600,000.
The standard allows one (1) direct labour hour per unit.
During 2020, Jones produced 110,000 units of product, incurred $ 630,000 of Fixed Manufacuturing Overhead Costs and recorded 212,000 actual hours of direct labour.
REQUIRED: What is the Fixed Overhead Price(Rate) variance?
| a. | $ 30,000 U | |
| b. | $ 24,000 F | |
| c. | $ 60,000 F | |
| d. | $ 36,000 U |
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Surviving The OSHA Audit Common Sense Solutions To Your Most Feared OSHA Compliance Issues
Authors: David A. Casavant
1st Edition
0998743704, 978-0998743707
