The standard costs and actual costs for factory overhead for the manufacture of 2,500 units of actual production are as follows:**Standard Costs:**- Fixed overhead (based on 10,000 hours): 3 hours per unit at $0.71 per hour- Variable overhead: 3 hours per unit at $1.92 per hour**Actual Costs:**- Total variable cost: $18,200- Total fixed cost: $8,100**The variable factory overhead controllable variance is:**- a. $3,800 unfavorable- b. $3,800 favorable- c. $3,040 favorable- d. $0(Correct answer: d. $0)

Name: The standard costs and actual costs for factory overhead for the manu
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Description: The standard costs and actual costs for factory overhead for the manufacture of 2,500 units of actual production are as follows:**Standard Costs:**- Fixed overhead (based on 10,000 hours): 3 hours per unit at $0.71 per hour- Variable overhead: 3 hou

Solution: Correct answer : (a) $3800 Unfavorable Variable factory overhead controllable variance:…

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Accounting

The star osts and actual costs for Fixed overhead (based on 10,000 hours) Variable overhead Actual Costs Total variable cost, $18,200 Total fixed cost, $8,100 ry overhead for the ufacture of 2,500 units of actual production are as follows: Standard Costs 3 hours per unit at $0.71 per hour 3 hours per unit at $1.92 per hour The variable factory overhead controllable variance is Oa. $3,800 unfavorable Ob. $3,800 favorable Oc. $3,040 favorable Od. $0

The star osts and actual costs for Fixed overhead (based on 10,000 hours) Variable overhead Actual Costs Total variable cost, $18,200 Total fixed cost, $8,100 ry overhead for the ufacture of 2,500 units of actual production are as follows: Standard Costs 3 hours per unit at $0.71 per hour 3 hours per unit at $1.92 per hour The variable factory overhead controllable variance is Oa. $3,800 unfavorable Ob. $3,800 favorable Oc. $3,040 favorable Od. $0

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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