Homework Answers
Answer:1875 F
Overhead Volume Variance = (Actual Labor hours x Budgeted Variable overhead cost per hour + Budget Fixed Overhead) - (Actual Labor hours x (Total Overhead / Budgeted Labor hours)
Overhead Volume Variance = ( 8500 x ( 10500 / 7000 ) + 8750 ) - ( 8500 x ( 19250 / 7000 )
= 12750 + 8750 - 23375
= 1875 F
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