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Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below
Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below Original Budget Actual Costs Variable overhead costs: Supplies Indirect labor $11,220 8,670 $10,670 8,030 Fixed overhead costs: 5,940 7,990 39,950 $72,580 Supervision Utilities 5, 610 8,160 39,780 $73,440 Factory depreciation Total overhead cost The company based its original budget on 5,100 machine-hours. The company actually worked 4,800 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 4,980 machine-hours. What was the overall fixed manufacturing overhead volume varlance for the month? Multiple Choice $3,150 Favorable $3,150 Unfavorable $1,260 Unfavorable $1,260 Favorable
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