Question

The following data is given for the Bahia Company: Budgeted production (at 100% of normal capacity)...

The following data is given for the Bahia Company:

Budgeted production (at 100% of normal capacity) 1,077 units
Actual production   917 units
Materials:
    Standard price per pound $1.76
    Standard pounds per completed unit 12
    Actual pounds purchased and used in production 10,674
    Actual price paid for materials $21,882
Labor:
    Standard hourly labor rate $14.01 per hour
    Standard hours allowed per completed unit 4.3
    Actual labor hours worked 4,722.55
    Actual total labor costs $72,019
Overhead:
    Actual and budgeted fixed overhead $1,035,000
    Standard variable overhead rate $28.00 per standard labor hour
    Actual variable overhead costs $132,231
Overhead is applied on standard labor hours.

Round your final answer to the nearest dollar. Do not round interim calculations.

The fixed factory overhead volume variance is

a.$153,760 unfavorable

b.$153,760 favorable

c.$21,824 unfavorable

d.$21,824 favorable

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Answer #1

overhead volume variance Budgeted Overhead - Standard Overhead for actual Production overhead volume variance $1,035,000-1035

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