ment/takeAssignmentMain.do? invoker assignm a] L The following data is given for

Question

ment/takeAssignmentMain.do? invoker assignm a] L The following data is given for the Bahia Company: Budgeted production (at 100% of normal capacity) Actual production Materials: 1,080 units 905 units Standard price per pound Standard pounds per completed unit Actual pounds purchased and used in production Actual price paid for materials $1.97 12 10,534 $21,595 Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs $14.34 per hour 4.1 4,660.75 $71,076 Overhead: Actual and budgeted fixed overhead $1,075,000 $24.00 per standard labor hour $130,501 Standard variable overhead rate Actual variable overhead costs 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 Oa. $174,190 unfavorable Ob. $174,190 favorable Oc. $41,449 unfavorable Od. $41,449 favorable Previous Next All work saved. Email Instructor Submit Test for Grading 638 PM

Explanation / Answer

Budgeted Production: 1080 units Actual production: 905 units Budgeted Fixed overheads: 1075000 Budgeted Fixed OH per unt: (1075000/1080)= $ 995.3704 per unit Std fixed Oh for actual output(905*995.3704): $900810 Fixed OH Volume variance: Std OH for actual output - Budgeted Fixed Oh 900810 - 1075000 = 174910 Unfavorable Answer is a. $ 174910 unfavorable

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