Homework Answers
1. Flexibke buget variance is $16500.
2. The production volume variance is 2000 units unfavourable(Actual units - Budgeted Units)
3. Factory overhead is underappliedby $11500.(Variablecost - $28500-$40000)
| Actual | Budgeted | |
| Production | 8000 units | 8000 units |
| Direct labour hour used | 13500 | 16000 |
| Variable cost | 28500 | 40000 |
| Fixed Cost | 52000 | 24000 |
| 80500 | 64000 | |
| 16500 |
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