Question 2 Family Fashions uses standard costs for its manufacturing division. The allocation base for overhead costs is direct labor hours. From the following data, calculate the fixed overhead volume variance.Actual fixed overhead$30,000Budgeted fixed overhead$20,000Standard overhead allocation rate$9Standard direct labor hours per unitActual output4 DLHP2,300 unitsO A. $62,800 FO B. $20,700 FOC. $62,800 UO D. $20,700 U

Option (c) is the correct answer

Family Fashions uses standard costs for its manufacturing division. The allocation base for overhead Actual fixed overhead $30,000 $20,000 Budgeted fixed overhead Standard overhead allocation rate Standard direct labor hours per unit 4 DLHR Actual output 2,300 units O A. $62,800 F

Family Fashions uses standard costs for its manufacturing division. The allocation base for overhead Actual fixed overhead $30,000 $20,000 Budgeted fixed overhead Standard overhead allocation rate Standard direct labor hours per unit 4 DLHR Actual output 2,300 units O A. $62,800 F

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 1EB: Green Bay Cheese Company estimates its overhead to be $375,000. It expects to have 125,000 direct...

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