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Regent, Inc. uses the following standard to produce a single unit of its product: overhead $6 (2 hrs. @ $3/hr.). The flexible budget for overhead
Regent, Inc. uses the following standard to produce a single unit of its product: overhead $6 (2 hrs. @ $3/hr.). The flexible budget for overhead is $160,000 plus $1.00 per direct labor hour. Actual data for the month show overhead costs of $277,000, and 35,000 units produced. The overhead volume variance is:
Multiple Choice
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$87,000 favorable.
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$60,000 favorable.
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$20,000 unfavorable.
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$80,000 unfavorable.
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$10,000 unfavorable
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