Sanford Ltd. produces a product with the following standard cost card: Variable overhead (7 hours) 21.00 Fixed overhead (7 hours) The fixed overhead rate is based on a standard monthly volume of 16,150 units. The actual results for the month of July 20x5 are as follows: Variable overhead Fixed overhead 37 320,000 577,000 Units produced and sold 15,425 units What is Sanford's fixed overhead volume variance for July 20x5? (Use a negative number to indicate an unfavourable variance and use a positive number to indicate a favourable variance.)

Sanford Ltd. produces a product with the following standard cost card: Variable overhead (7 hours) 21.00 Fixed overhead (7 hours) The fixed overhead rate is based on a standard monthly volume of 16,150 units. The actual results for the month of July 20x5 are as follows: Variable overhead Fixed overhead 37 320,000 577,000 Units produced and sold 15,425 units What is Sanford's fixed overhead volume variance for July 20x5? (Use a negative number to indicate an unfavourable variance and use a positive number to indicate a favourable variance.)

Name: Please do not give solution in image format thanku Sanford Ltd. produc
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Description: Please do not give solution in image format thanku Sanford Ltd. produces a product with thefollowing standard cost card:Variable overhead (7 hours) 21.00Fixed overhead (7 hours) 37The fixed overhead rate is based on astandard monthly volume of 16,150

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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