Neptune Inc. uses a standard cost system and has the following information for the most recent month, April: Actual direct labor hours (DLHs) worked 14,000 Standard DLHs allowed for good...
Neptune Inc. uses a standard cost system and has the following information for the most recent month, April:
| Actual direct labor hours (DLHs) worked | 14,000 | ||
| Standard DLHs allowed for good output produced this period | 19,000 | ||
| Actual total factory overhead costs incurred | $ | 38,400 | |
| Budgeted fixed factory overhead costs | $ | 10,300 | |
| Denominator activity level, in direct labor hours (DLHs) | 13,000 | ||
| Total factory overhead application rate per standard DLH | $ | 2.70 | |
The fixed overhead production volume variance in April for Neptune, Inc., to the nearest whole dollar, was: (Round your intermediate calculation to 2 decimal places.)
Multiple Choice
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$3,490 unfavorable.
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$3,590 favorable.
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$4,530 favorable.
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$4,710 favorable.
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$5,750 favorable.
Homework Answers
Fixed overhead production volume variance = Budgeted fixed overhead -Standard fixed overhead applied to production
= $10,300 - 10,300*19000/13000
= $4710 Favorable
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