Meridian Fashions uses standard costs for their manufacturing division. The allocation base for overhead costs is direct labor hours. From the following data, calculate the fixed overhead cost variance Actual fixed overhead Budgeted fixed overhead $32.000 $24,000 Standard overhead allocation rate S7 2 DLH. Standard direct labor hours per unit Actual output 2,400 units O A. $9,600U O B. $9,600F OC. $8,000 F O D. $8,000 U

Meridian Fashions uses standard costs for their manufacturing division. The allocation base for overhead costs is direct labor hours. From the following data, calculate the fixed overhead cost variance Actual fixed overhead Budgeted fixed overhead $32.000 $24,000 Standard overhead allocation rate S7 2 DLH. Standard direct labor hours per unit Actual output 2,400 units O A. $9,600U O B. $9,600F OC. $8,000 F O D. $8,000 U

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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