Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The standard costs and actual costs for factory overhead for the manufacture of 2,800 units of actual production are as follows: Standard Costs Fixed overhead
The standard costs and actual costs for factory overhead for the manufacture of 2,800 units of actual production are as follows:
Standard Costs | |
Fixed overhead (based on 10,000 hours) | 3 hours per unit at $0.73 per hour |
Variable overhead | 3 hours per unit at $1.93 per hour |
Actual Costs | |
Total variable cost, $18,200 | |
Total fixed cost, $7,800 |
The fixed factory overhead volume variance is
a.$934 favorable
b.$1,168 unfavorable
c.$0
d.$934 unfavorable
Step 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