Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The answer to the question below is supposedly option A because 530750- 526500 is 4250 Unfavorable. Could someone explain to me why the answer wouldnt
The answer to the question below is supposedly option A because 530750- 526500 is 4250 Unfavorable. Could someone explain to me why the answer wouldnt be 530250-526500 = 3750 unfavorable?
5. Ferrie, Inc. produces custom baseball gloves. This year's budget was based on the production of 10,000 gloves using a standard of 10 direct labor hours per glove and $5 variable overhead per direct labor hour. Ferrie incurred 105,300 hours to produce 10,250 gloves. If actual variable overhead for the year is $530,250, what is Ferrie's variable overhead spending variance? A) $4,250 favorable B) $18,250 favorable C) $4,250 unfavorable D) $18,250 unfavorableStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started