Wild Thing Company applies fixed overhead at the rate of $0.75 per unit. For May

Question

Wild Thing Company applies fixed overhead at the rate of $0.75 per unit. For May, budgeted fixed overhead was S604,725. The fixed overhead production volume variance amounted to 55,700 unfavorable, and the fixed overhead price (or spending) variance was $11,400 unfavorable. Required (a) What was the budgeted volume in units for May? Budgeted volume units (b)What was the actual volume of units produced in May? Actual volume units (c)What was the actual fixed overhead incurred for May? ctual fixed overhead

Explanation / Answer

a) Budgeted volume = 604725/.75 = 806300 Units

b) Actual volume units = 813900 Units

c) Actual fixed overhead = 604725+11400 = 616125

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