Answered step by step
Verified Expert Solution
Link Copied!

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 $0.71 per hour
Variable overhead 3 hours per unit at $2.06 per hour
Actual Costs
Total variable cost, $18,000
Total fixed cost, $8,000

The fixed factory overhead volume variance is

a.$0

b.$909 unfavorable

c.$1,136 unfavorable

d.$909 favorable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Software Licence Compliance Survive The Audits

Authors: R. Concessao

1st Edition

1539161560, 978-1539161561

Students also viewed these Accounting questions

Question

11-1 Explain how and when payroll taxes are paid to the government.

Answered: 1 week ago