Question 32 (Mandatory) (1.5 points) The standard costs and actual costs for factory overhead for the manufacture of 2,500 units of actual production are as follows: Standard Costs Fixed overhead (based on 10,000 hours) Variable overhead Actual Costs Total variable cost, $18,000 Total fixed cost, $8,000 3 hours @ $.80 per hour 3 hours @ $2 per hour The amount of the total factory overhead cost variance is: $2,000 favorable $5,000 unfavorable $2,500 unfavorable $0 Question 11 (Mandatory) (1.5 points) A business operated at 100% of capacity during its first month, with the following results: $90,000 Sales (90 units) Production costs (100 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: Variable operating expenses Fixed operating expenses $40,000 20,000 2,000 5,000 67,000 $ 8,000 1,000 9,000 What is the amount of the income from operations that would be reported on the variable costing income statement? $28,000 $20,200 $22,000 $19,400