The following information applies to questions 13 & 14: Actual fixed overhead cost: $35,200 Budgeted fixed overhead cost
Posted: Sun Jul 03, 2022 3:51 pm
The following informationapplies to questions 13 & 14:
Actual fixed overhead cost: $35,200
Budgeted fixed overhead cost: $35,000
Standard fixed overhead rate, based on 10,000 machine hours: $3.50per hour
Standard machine hours per unit: 1/2 hour
Actual units produced: 17,600
13. Compute the fixed overheadvolume variance:
a. $200 unfavorable c. $200 favorable
b. $4,400 favorable d. $4,200 unfavorable
14. Compute the fixed overheadbudget variance:
a. $4,400 favorable c. $4,200 favorable
b. $200 unfavorable d. $200 favorable
Actual fixed overhead cost: $35,200
Budgeted fixed overhead cost: $35,000
Standard fixed overhead rate, based on 10,000 machine hours: $3.50per hour
Standard machine hours per unit: 1/2 hour
Actual units produced: 17,600
13. Compute the fixed overheadvolume variance:
a. $200 unfavorable c. $200 favorable
b. $4,400 favorable d. $4,200 unfavorable
14. Compute the fixed overheadbudget variance:
a. $4,400 favorable c. $4,200 favorable
b. $200 unfavorable d. $200 favorable