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mathxl.com Test Salvatore... Take a Quiz/Test MyFIU Your Sets | Quizlet School o

ID: 2520854 • Letter: M

Question

mathxl.com Test Salvatore... Take a Quiz/Test MyFIU Your Sets | Quizlet School of Inbox (285) Standard Costsa ques.+ ACG 3301 U07 Spring 2018 Salvatore Migneco4/14/18 12:39 PM Quiz: Quiz 8 - Chapter 11 Time Remaining: 00:23:52 Submit Quiz This Question: 1 pt 5 of 10 (0 complete) This Quiz: 10 pts possible Buckley Manufacturing reported the following budgeted and actual figures for one of its products: Standard overhead cost per unit (1 hour at $2.50 per hour) Actual overhead costs Budgeted units Actual units produced $2.50 $2,300 725 500 Given this data, what is the total variable overhead variance for this product? O A. $1,050 unfavorable $488 unfavorable S488 favorable B. C. O D. $1,050 favorable Click to select your answer

Explanation / Answer

Total variable overhead variance = Standard variable overhead for production - Actual variable overheads

= 500 units * $2.50 - $2300

= (1050) unfavourable   

Hence, the answer is (A).