19. Teall Corporation has a standard cost system in which it applies manufacturi

Question

19. Teall Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent 10,500 MHs Budgeted level of activity Actual level of activity Standard varlable manufacturing overhead rate Budgeted fixed manufacturing overhead cost Actual total varlable manufacturing overhead Actual total fixed manufacturing overhead 10,600 MHs $770 per MH $70,000 $71,600 $76,000 What was the fixed manufacturing overhead budget variance for the month? O $770 Unfavorable $770 Favorable O$6,000 Unfavorable O $6,000 Favorable ©2017 McGraw-Hill Education. All rights reserved.

Explanation / Answer

19 Fixed overhead budget variance = 76000-70000 = 6000 Unfavorable 22 Labor rate variance = 100665-(2888*35)= 415 F

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