mpute the overhead volume variance for November and classify it as favorable or unfavorab Volume Variance

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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Subject:- Accounting 

[The following information applies to the questions displayed below]
AirPro Corp, reports the following for November
Actual total factory overhead incurred
Standard factory overhead:
Variable overhead
Fixed overhead
($12,500/12,508 predicted units to be produced)
Predicted units to produce
Actual units produced
Compute the overhead volume variance for November and classify it as favorable or unfavorable.
Volume variance
$28,675
$ 2.10 per unit produced
$ 1.00 per unit
12,500 units
10,100 units
Volume Variance
Transcribed Image Text:[The following information applies to the questions displayed below] AirPro Corp, reports the following for November Actual total factory overhead incurred Standard factory overhead: Variable overhead Fixed overhead ($12,500/12,508 predicted units to be produced) Predicted units to produce Actual units produced Compute the overhead volume variance for November and classify it as favorable or unfavorable. Volume variance $28,675 $ 2.10 per unit produced $ 1.00 per unit 12,500 units 10,100 units Volume Variance
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