Insight Company's standard factory overhead rate is $3.76 per direct labor hour (DLH), calculated at 90% capacity standard DLHs. In December, the company operated at 80% of capacity, or 800 standard DLHs. Budgeted factory overhead at 80% of capacity is $3,260, of which $1.290 is fixed overhead. For December, the actual factory overhead cost was $3,990 for 800 actual DLHs, of which $1,410 was for fixed factory overhead. Under a four-way breakdown (decomposition) of the total overhead variance, what is the variable factory overhead spending variance for Insight Company for December? (Round your intermediate calculation to 2 decimal places.) O $652 unfavorable O $52 favorable O $227 favorable O $612 unfavorable O $427 unfavorable

Insight Company's standard factory overhead rate is $3.76 per direct labor hour (DLH), calculated at 90% capacity standard DLHs. In December, the company operated at 80% of capacity, or 800 standard DLHs. Budgeted factory overhead at 80% of capacity is $3,260, of which $1.290 is fixed overhead. For December, the actual factory overhead cost was $3,990 for 800 actual DLHs, of which $1,410 was for fixed factory overhead. Under a four-way breakdown (decomposition) of the total overhead variance, what is the variable factory overhead spending variance for Insight Company for December? (Round your intermediate calculation to 2 decimal places.) O $652 unfavorable O $52 favorable O $227 favorable O $612 unfavorable O $427 unfavorable

Name: Insight Company's standard factory overhead rate is $3.76 per direct
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Description: Insight Company's standard factory overhead rate is $3.76 per direct labor hour (DLH), calculated at 90% capacity 900standard DLHs. In December, the company operated at 80% of capacity, or 800 standard DLHS. Budgeted factory overhead at80% of capaci

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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