QQQ Company reported the following data for the period just ended. Actual finished goods units produced: 14,800 Actual fixed overhead incurred: $791,000 Budgeted fixed overhead: $780,000 Budgeted finished goods units to be produced: 15,000 QQQ uses a single, company-wide Predetermined Manufacturing Overhead Allocation Rate (PMOAR) that uses machine-hours as its allocation base (cost driver). Approach produces only one type of Finished Goods. QQQ's standard is that four machine-hours are allowed to manufacture one finished goods unit, the company's Production-Volume Variance would be: $10,400 F O $11,000 U O $10,400 U O $11,000 F O $12,000 U

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter4: Activity-based Costing
Section: Chapter Questions
Problem 3CE: Lansing. Inc., provided the following data for its two producing departments: Machine hours are used...
icon
Related questions
Topic Video
Question

dont provide handwritten answer thank you

its
QQQ Company reported the following data for the period just ended:
Actual finished goods units produced:
14,800
Actual fixed overhead incurred: $791,000
Budgeted fixed overhead: $780,000
Budgeted finished goods units to be produced: 15,000
QQQ uses a single, company-wide Predetermined Manufacturing Overhead Allocation Rate (PMOAR) that
uses machine-hours as its allocation base (cost driver). Approach produces only one type of Finished Goods.
QQQ's standard is that four machine-hours are allowed to manufacture one finished goods unit, the
company's Production-Volume Variance would be:
O $10,400 F
O $11,000 U
O $10,400 U
$11.000 F
$12,000 U
Transcribed Image Text:its QQQ Company reported the following data for the period just ended: Actual finished goods units produced: 14,800 Actual fixed overhead incurred: $791,000 Budgeted fixed overhead: $780,000 Budgeted finished goods units to be produced: 15,000 QQQ uses a single, company-wide Predetermined Manufacturing Overhead Allocation Rate (PMOAR) that uses machine-hours as its allocation base (cost driver). Approach produces only one type of Finished Goods. QQQ's standard is that four machine-hours are allowed to manufacture one finished goods unit, the company's Production-Volume Variance would be: O $10,400 F O $11,000 U O $10,400 U $11.000 F $12,000 U
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Performance measurements
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning