Chapter 7, Problem 14P

Please explain the solution to this general accounting problem with accurate explanations.

Can you help me solve this general accounting problem using the correct accounting process?

During April, Harrison Manufacturing incurred the following costs on Job 210 for the manufacture of 250 engines:

Swinton Furnishings makes tables and planned to sell 3,800 tables in its master budget for the coming year. The budgeted selling price is $40 per table, variable costs are $20 per table, and budgeted fixed costs are $50,000 per month. At the end of the year, it was determined that Swinton actually sold 4,100 tables for $158,000. Total variable costs were $56,500 and fixed costs were $42,000. The volume variance for sales revenue was: A. $12,000 favorable B. $15,000 unfavorable C. $16,000 favorable D. $11,500 favorable

Can you explain the process for solving this financial accounting question accurately?

What is the predetermined overhead rate to be applied to the jobs?

No AI  i need help in this accounting qn.

I need help finding the correct solution to this financial accounting problem with valid methods.

Blunt Industries estimates an allocation base of 45,500 machine hours and an estimated total manufacturing overhead cost of $109,200. What is the predetermined overhead rate to be applied to the jobs?