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The following data are given for Bahia Company: Budgeted production (at 100% of normal capacity) 1,077 units Actual production 922 units Materials: Standard price per
The following data are given for Bahia Company:
Budgeted production (at 100% of normal capacity) | 1,077 units |
Actual production | 922 units |
Materials: | |
Standard price per pound | $1.84 |
Standard pounds per completed unit | 10 |
Actual pounds purchased and used in production | 8,943 |
Actual price paid for materials | $18,333 |
Labor: | |
Standard hourly labor rate | $14.38 per hour |
Standard hours allowed per completed unit | 4.4 |
Actual labor hours worked | 4,748.3 |
Actual total labor costs | $72,412 |
Overhead: | |
Actual and budgeted fixed overhead | $1,087,000 |
Standard variable overhead rate | $27.00 per standard labor hour |
Actual variable overhead costs | $132,952 |
Overhead is applied on standard labor hours. |
Round your final answer to the nearest dollar.
The fixed factory overhead volume variance is
a. $156,437 unfavorable
b. $156,437 favorable
c. $23,418 unfavorable
d. $23,418 favorable
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