The standard costs and actual costs for factory overhead for the manufacture of 2,800 units of actual production are as follows:Standard Costs3 hours per unit at $0.73 per hour3 hours per unit at $2.06 per hourFixed overhead (based on 10,000 hours)Variable overheadActual CostsTotal variable cost, $18,000Total fixed cost, $8,200The total factory overhead cost variance isOa. $1,864 favorableOb. $3,032 favorableOc. $1,864 unfavorableOd. $696 unfavorable

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Description: The standard costs and actual costs for factory overhead for the manufacture of 2,800 units of actual production are as follows:Standard Costs3 hours per unit at $0.73 per hour3 hours per unit at $2.06 per hourFixed overhead (based on 10,000 hours)V

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The standard costs and actual costs for factory overhead for the manufacture of 2,800 units of actual production are as follows:

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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