Fahmy's Corporation manufactured 25,000 grooming kits for horses during March. The fixed-overhead costallocation rate is $20.00 per machine-hour. The following fixed overhead data pertain to March:ProductionMachine-hoursFixed overhead costs for MarchActual25,000 units7,100 hours$123,000OA. $5,000 favourableOB. $200 unfavourableOC. $15,000 favourableOD. $2,000 favourableOE. $1,000 unfavourableStatic Budget24,000 units6,900 hours$138,000What is the fixed overhead rate variance? Round to the nearest dollar....

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Description: Fahmy's Corporation manufactured 25,000 grooming kits for horses during March. The fixed-overhead costallocation rate is $20.00 per machine-hour. The following fixed overhead data pertain to March:ProductionMachine-hoursFixed overhead costs for Marc

Answer:- Formula:- Fixed overhead rate variance = (Static budgeted fixed overhead costs - Actual…

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Fahmy's Corporation manufactured 25,000 grooming kits for horses during March. The fixed-overhead cost allocation rate is $20.00 per machine-hour. The following fixed overhead data pertain to March: Actual 25,000 units Static Budget 24,000 units Production Machine-hours 7,100 hours 6,900 hours Fixed overhead costs for March $123,000 $138,000 What is the fixed overhead rate variance? Round to the nearest dollar. OA. $5,000 favourable OB. $200 unfavourable OC. $15,000 favourable OD. $2,000 favourable OE. $1,000 unfavourable

Fahmy's Corporation manufactured 25,000 grooming kits for horses during March. The fixed-overhead cost allocation rate is $20.00 per machine-hour. The following fixed overhead data pertain to March: Actual 25,000 units Static Budget 24,000 units Production Machine-hours 7,100 hours 6,900 hours Fixed overhead costs for March $123,000 $138,000 What is the fixed overhead rate variance? Round to the nearest dollar. OA. $5,000 favourable OB. $200 unfavourable OC. $15,000 favourable OD. $2,000 favourable OE. $1,000 unfavourable

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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