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The following data is given for the Bahia Company: Budgeted production (at 100% of normal capacity) 1,034 units Actual production 904 units Materials: Standard price
The following data is given for the Bahia Company:
Budgeted production (at 100% of normal capacity) | 1,034 units |
Actual production | 904 units |
Materials: | |
Standard price per pound | $1.75 |
Standard pounds per completed unit | 10 |
Actual pounds purchased and used in production | 8,769 |
Actual price paid for materials | $17,976 |
Labor: | |
Standard hourly labor rate | $14.75 per hour |
Standard hours allowed per completed unit | 4.3 |
Actual labor hours worked | 4,655.6 |
Actual total labor costs | $70,998 |
Overhead: | |
Actual and budgeted fixed overhead | $1,095,000 |
Standard variable overhead rate | $25.00 per standard labor hour |
Actual variable overhead costs | $130,357 |
Overhead is applied on standard labor hours. |
Round your final answer to the nearest dollar. Do not round interim calculations.
The fixed factory overhead volume variance is
a.$137,669 unfavorable
b.$137,669 favorable
c.$33,177 unfavorable
d.$33,177 favorable
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