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STION 30 Use the following information to answer Q16. You are given the following information: The standard direct labor hours per unit = 5 direct
STION 30
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Use the following information to answer Q16.
You are given the following information:
- The standard direct labor hours per unit = 5 direct labor hours.
- 50,000 units were produced although 44,000 units were scheduled to be produced.
- 100,000 direct manufacturing labor hours were worked.
- Actual variable manufacturing overhead costs = $2,500,000.
- Fixed manufacturing overhead allocated = $2,700,000.
- Variable manufacturing overhead flexible costs = $2,700,000.
- Actual fixed manufacturing overhead costs = $2,950,000.
- Budgeted fixed manufacturing overhead = $2,750,000.
- Variable manufacturing overhead applied costs = $2,630,000.
Q16.a The variable manufacturing overhead flexible budget variance is $
Q16.b The variance type in the question above is (put 1 if favorable, or 2 if unfavorable) .
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