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AirPro Corporation reports the following for this period. Actual total overhead Standard overhead applied Budgeted (flexible) variable overhead rate Budgeted fixed overhead Predicted activity level Actual activity level QS 21-16 (Algo) Volume variance LO P4 $ 28,725 $ 32,860 $ 2.10 per unit $ 11,800 11,800 units 10,600 units Compute the volume variance and identify it as favorable or unfavorable.

AirPro Corporation reports the following for this period. Actual total overhead Standard overhead applied Budgeted (flexible) variable overhead rate Budgeted fixed overhead Predicted activity level Actual activity level QS 21-16 (Algo) Volume variance LO P4 $ 28,725 $ 32,860 $ 2.10 per unit $ 11,800 11,800 units 10,600 units Compute the volume variance and identify it as favorable or unfavorable.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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N Compute the (a) total overhead variance and (b) controllable variance and identify each variance as favorable or unfavorable. (Roun "Variable amount per unit" to 2 decimal places.) Total flexible budget Controllable overhead variance Flexible Budget- Variable Amount per Unit Controllable Overhead Variance Actual total overhead Standard overhead applied Volume variance Total Fixed Cost AirPro Corporation reports the following for this period. Budgeted (flexible) variable overhead rate Budgeted fixed overhead Predicted activity level Actual activity level QS 21-16 (Algo) Volume variance LO P4 Flexible Budget at Volume Variance 11,300 units 10,600 units $ 28,725 $ 32,860 $ 2.10 per unit $ 11,800 Compute the volume variance and identify it as favorable or unfavorable. 11,800 units 10,600 units
Transcribed Image Text:N Compute the (a) total overhead variance and (b) controllable variance and identify each variance as favorable or unfavorable. (Roun "Variable amount per unit" to 2 decimal places.) Total flexible budget Controllable overhead variance Flexible Budget- Variable Amount per Unit Controllable Overhead Variance Actual total overhead Standard overhead applied Volume variance Total Fixed Cost AirPro Corporation reports the following for this period. Budgeted (flexible) variable overhead rate Budgeted fixed overhead Predicted activity level Actual activity level QS 21-16 (Algo) Volume variance LO P4 Flexible Budget at Volume Variance 11,300 units 10,600 units $ 28,725 $ 32,860 $ 2.10 per unit $ 11,800 Compute the volume variance and identify it as favorable or unfavorable. 11,800 units 10,600 units
AirPro Corporation reports the following for this period. Actual total overhead Standard overhead applied Budgeted (flexible) variable overhead rate Budgeted fixed overhead Predicted activity level Actual activity level Total flexible budget Flexible Budget Variable Amount per Unit QS 21-15 (Algo) Total overhead and controllable variances LO P4 Compute the (a) total overhead variance and (b) controllable variance and identify each variance as favorable or unfavorable. (Round "Variable amount per unit" to 2 decimal places.) Controllable Overhead Variance $ 28,725 $ 32,860 Total Fixed Cost $ 2.10 per unit $ 11,800 11,800 units 10,600 units Flexible Budget at 11,800 units 10,600 units
Transcribed Image Text:AirPro Corporation reports the following for this period. Actual total overhead Standard overhead applied Budgeted (flexible) variable overhead rate Budgeted fixed overhead Predicted activity level Actual activity level Total flexible budget Flexible Budget Variable Amount per Unit QS 21-15 (Algo) Total overhead and controllable variances LO P4 Compute the (a) total overhead variance and (b) controllable variance and identify each variance as favorable or unfavorable. (Round "Variable amount per unit" to 2 decimal places.) Controllable Overhead Variance $ 28,725 $ 32,860 Total Fixed Cost $ 2.10 per unit $ 11,800 11,800 units 10,600 units Flexible Budget at 11,800 units 10,600 units
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