14) Radon Corporation manufactured 37,500 units during March. The following fixed overhead data pertain to March: Production Machine-hours Fixed overhead costs for March Actual 37,500 units 10,375 hours $213,200 What is the fixed overhead production-volume variance? A) $21,000.00 unfavorable C) $9,200.00 unfavorable Static Budget 34,000 units 10,200 hours $204,000 B) $9,200.00 favorable D) $21,000.00 favorable
14) Radon Corporation manufactured 37,500 units during March. The following fixed overhead data pertain to March: Production Machine-hours Fixed overhead costs for March Actual 37,500 units 10,375 hours $213,200 What is the fixed overhead production-volume variance? A) $21,000.00 unfavorable C) $9,200.00 unfavorable Static Budget 34,000 units 10,200 hours $204,000 B) $9,200.00 favorable D) $21,000.00 favorable
Chapter1: Financial Statements And Business Decisions
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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Transcribed Image Text:14) Radon Corporation manufactured 37,500 units during March. The following fixed overhead data
pertain to March:
Production
Machine-hours
Fixed overhead costs for March
Actual
37,500 units
10,375 hours
$213,200
What is the fixed overhead production-volume variance?
A) $21,000.00 unfavorable
C) $9,200.00 unfavorable
Static Budget
34,000 units
10,200 hours
$204,000
B) $9,200.00 favorable
D) $21,000.00 favorable
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