MC Qu. 121 Regent, Inc. uses the following standard...

Regent, Inc. uses the following standard to produce a single unit of its product: overhead $6 (3 hrs. @ $2/hr.). The flexible budget for overhead is $110,000 plus $0.50 per direct labor hour. Actual data for the month show overhead costs of $150,000, and 22,000 units produced. The overhead volume variance is:

Multiple Choice

$29,000 favorable.

$22,000 favorable.

$11,000 unfavorable.

$33,000 unfavorable.

$44,000 unfavorable.