The standard costs and actual costs for factory overhead for the manufacture of 2,600 units of actual production are as follows: Standard Costs 3 hours per unit at $0.76 per hour 3 hours per unit at $1.97 per hour Fixed overhead (based on 10,000 hours) Variable overhead Actual Costs Total variable cost, $18,000 Total fixed cost, $7,900 The variable factory overhead controllable variance is Oa. $2,634 unfavorable Ob. $2,634 favorable Oc. $0. Od. $2,107 favorable

The standard costs and actual costs for factory overhead for the manufacture of 2,600 units of actual production are as follows: Standard Costs 3 hours per unit at $0.76 per hour 3 hours per unit at $1.97 per hour Fixed overhead (based on 10,000 hours) Variable overhead Actual Costs Total variable cost, $18,000 Total fixed cost, $7,900 The variable factory overhead controllable variance is Oa. $2,634 unfavorable Ob. $2,634 favorable Oc. $0. Od. $2,107 favorable

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Description: The standard costs and actual costs for factory overhead for the manufacture of 2,600 units of actual production are as follows:Standard Costs3 hours per unit at $0.76 per hour3 hours per unit at $1.97 per hourFixed overhead (based on 10,000 hours)V

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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