The standard costs and actual costs for factory overhead for the manufacture of 2,700 units of actual production are as follows: Standard Costs 3 hours per unit at $0.70 per hour 3 hours per unit at $2.00 per hour Fixed overhead (based on 10,000 hours) Variable overhead Actual Costs Total variable cost, $17,800 Total fixed cost, $8,200 The total factory overhead cost variance is Oa. $1,600 unfavorable Ob. $2,930 favorable Oc. $2,930 unfavorable Od. $4,260 favorable

The standard costs and actual costs for factory overhead for the manufacture of 2,700 units of actual production are as follows: Standard Costs 3 hours per unit at $0.70 per hour 3 hours per unit at $2.00 per hour Fixed overhead (based on 10,000 hours) Variable overhead Actual Costs Total variable cost, $17,800 Total fixed cost, $8,200 The total factory overhead cost variance is Oa. $1,600 unfavorable Ob. $2,930 favorable Oc. $2,930 unfavorable Od. $4,260 favorable

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Description: The standard costs and actual costs for factory overhead for the manufacture of 2,700 units of actual production are as follows:Fixed overhead (based on 10,000 hours)Variable overheadActual CostsTotal variable cost, $17,800Total fixed cost, $8,200Th

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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