QUESTION 1 If the actual fixed costs total $166500 with the actual number of units produced equal to 120, and the budgeted fixed costs were $161500 and the budgeted units to be produced are 150, and the hours per unit are 4 and total hours are 600. What is the fixed costs rate variance, production volume variance the Sexible budget variance and the overlunder allocated fixed manufacturing overhead variance? Indicate whether the variances are favourable or unfavourable

QUESTION 1 If the actual fixed costs total $166500 with the actual number of units produced equal to 120, and the budgeted fixed costs were $161500 and the budgeted units to be produced are 150, and the hours per unit are 4 and total hours are 600. What is the fixed costs rate variance, production volume variance the Sexible budget variance and the overlunder allocated fixed manufacturing overhead variance? Indicate whether the variances are favourable or unfavourable

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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