Tulsa Paint Company's budgeted production volume for the month was 30,000 gallons of paint. The standard overhead

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Tulsa Paint Company's budgeted production volume for the month was 30,000 gallons of paint. The standard overhead cost included \(\$ 0.50\) variable overhead per gallon and fixed overhead costs of \(\$ 30,000\).

Tulsa Paint actually produced 33,000 gallons of paint. Actual variable overhead was \(\$ 16,200\), and fixed overhead was \(\$ 31,000\). Compute the total overhead variance, the overhead flexible budget variance, and the production volume variance. 

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Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

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