Coe Parts applies fixed overhead at the rate of $7.06 per unit. Budgeted fixed overhead was $215,400. This month 29,680 units were produced, and actual fixed overhead was $210,170. Required: a. What are the fixed overhead price and production volume variances for Coe Parts? b. What was budgeted production for the month?

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Chapter1: Financial Statements And Business Decisions
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Coe Parts applies fixed overhead at the rate of $7.06 per unit. Budgeted fixed overhead was $215,400. This month 29,680 units were
produced, and actual fixed overhead was $210,170.
Required:
a. What are the fixed overhead price and production volume variances for Coe Parts?
b. What was budgeted production for the month?
Transcribed Image Text:Coe Parts applies fixed overhead at the rate of $7.06 per unit. Budgeted fixed overhead was $215,400. This month 29,680 units were produced, and actual fixed overhead was $210,170. Required: a. What are the fixed overhead price and production volume variances for Coe Parts? b. What was budgeted production for the month?
Required A Required B
What are the fixed overhead price and production volume variances for Coe Parts?
Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not
select either option. Do not round your intermediate calculations. Round your final answers to the nearest dollar.
Fixed overhead price variance
Fixed overhead production volume variance
Required A Required B
What was budgeted production for the month?
Note: Do not round your intermediate calculations. Round your final answer to the nearest whole number.
Budgeted production
units
Transcribed Image Text:Required A Required B What are the fixed overhead price and production volume variances for Coe Parts? Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Do not round your intermediate calculations. Round your final answers to the nearest dollar. Fixed overhead price variance Fixed overhead production volume variance Required A Required B What was budgeted production for the month? Note: Do not round your intermediate calculations. Round your final answer to the nearest whole number. Budgeted production units
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