The standard costs and actual costs for factory overhead for the manufacture of 2,900units of actual production are as follows: Standard Costs Line Item Description Value Fixed overhead (based on 10,000 hours) 3 hours per unit at $0.71 per hour Variable overhead 3 hours per unit at $1.96 per hour Actual CostsTotal variable cost, $18,100Total fixed cost, $8,200 The fixed factory overhead volume variance is a. $738 favorable b. $0 c. $738 unfavorable d. $923 unfavorable
The standard costs and actual costs for factory overhead for the manufacture of 2,900units of actual production are as follows: Standard Costs Line Item Description Value Fixed overhead (based on 10,000 hours) 3 hours per unit at $0.71 per hour Variable overhead 3 hours per unit at $1.96 per hour Actual CostsTotal variable cost, $18,100Total fixed cost, $8,200 The fixed factory overhead volume variance is a. $738 favorable b. $0 c. $738 unfavorable d. $923 unfavorable
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The
| Line Item Description | Value |
|---|---|
| Fixed overhead (based on 10,000 hours) | 3 hours per unit at $0.71 per hour |
| Variable overhead | 3 hours per unit at $1.96 per hour |
Actual Costs
Total variable cost, $18,100
Total fixed cost, $8,200
The fixed factory overhead volume variance is
a. $738 favorable
b. $0
c. $738 unfavorable
d. $923 unfavorable
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