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The following data is given for the Bahia Company: Budgeted production (at 100% of normal capacity) 1,083 units Actual production 958 units Materials: Standard price
The following data is given for the Bahia Company:
Budgeted production (at 100% of normal capacity) | 1,083 units |
Actual production | 958 units |
Materials: | |
Standard price per pound | $1.98 |
Standard pounds per completed unit | 12 |
Actual pounds purchased and used in production | 11,151 |
Actual price paid for materials | $22,860 |
Labor: | |
Standard hourly labor rate | $14.88 per hour |
Standard hours allowed per completed unit | 4.1 |
Actual labor hours worked | 4,933.7 |
Actual total labor costs | $75,239 |
Overhead: | |
Actual and budgeted fixed overhead | $1,123,000 |
Standard variable overhead rate | $26.00 per standard labor hour |
Actual variable overhead costs | $138,144 |
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.$129,617 unfavorable
b.$129,617 favorable
c.$36,021 unfavorable
d.$36,021 favorable
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