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Haley Fans manufactures and distributes circulators. The standard and actual costs for the manufacture of circulators are as follows:                   Standard Costs Actual Costs Variable cost, $22 per unit Total variable cost, $12,300 Fixed cost, $40 per unit Total fixed cost, $17,520               Budgeted factory overhead was $29,140. Overhead applied is based on the number of circulator units produced. The company estimated that 470 circulators would be produced, however 480 were produced. How much is Haley’s controllable overhead variance?     $480 unfavorable     $350 unfavorable     $450 unfavorable     $460 unfavorable     $830 unfavorable

Haley Fans manufactures and distributes circulators. The standard and actual costs for the manufacture of circulators are as follows:                   Standard Costs Actual Costs Variable cost, $22 per unit Total variable cost, $12,300 Fixed cost, $40 per unit Total fixed cost, $17,520               Budgeted factory overhead was $29,140. Overhead applied is based on the number of circulator units produced. The company estimated that 470 circulators would be produced, however 480 were produced. How much is Haley’s controllable overhead variance?     $480 unfavorable     $350 unfavorable     $450 unfavorable     $460 unfavorable     $830 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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Haley Fans manufactures and distributes circulators. The standard and actual costs for the manufacture of circulators are as follows:

                 

Standard Costs

Actual Costs

Variable cost, $22 per unit

Total variable cost, $12,300

Fixed cost, $40 per unit

Total fixed cost, $17,520

 

            Budgeted factory overhead was $29,140. Overhead applied is based on the number of circulator units produced. The company estimated that 470 circulators would be produced, however 480 were produced. How much is Haley’s controllable overhead variance?

   

$480 unfavorable
   

$350 unfavorable
   

$450 unfavorable
   

$460 unfavorable
   

$830 unfavorable
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