In March, Leona Company made 4,500 units of its product. Leona uses a standard cost system...
In March, Leona Company made 4,500 units of its product. Leona uses a standard cost system and applies overhead cost based on direct labor hours.
| Standard: | |
| DLH per unit |
2.50 |
| Variable overhead per DLH |
$1.75 |
| Fixed overhead per DLH |
$3.10 |
| Budgeted variable overhead |
$21,875 |
| Budgeted fixed overhead |
$38,750 |
| Actual: | |
| Direct labor hours |
10,000 |
| Variable overhead |
$26,250 |
| Fixed overhead |
$38,000 |
Refer to LeonaCompany. Using the four-variance approach, what is
the fixed overhead spending variance?
| a. |
$7,000.00 U |
|
| b. |
$ 750.00 F |
|
| c. |
$ 750.00 U |
|
| d. |
$3,125.00 F |
Homework Answers
Fixed overhead spending variance = Flexible budget overhead-Actual overhead
= (3.1*10000-38000)
Fixed overhead spending variance = 7000 U
So answer is a) $7000 U
Add Answer to:
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