Question: can not figure out allocated fixed overhead to solve for FOH volume variance actual number of units produced = 1000 actual variable overhead = 2300
can not figure out allocated fixed overhead to solve for FOH volume variance Question Help Good Deal, Inc. uses a standard cost system and provides the following information. (Click the icon to view the information.) Good Deal allocates manufacturing overhead to production based on standard direct labor hours. Good Deal roported the following actual rests for 2018 actu rumber of units produced, 1,000, actual variable overhead, $2,300; actual fixed overhead, $2.000; actual direct labor hours, 1,500. Data Table Read the rosurements Now compute the fixed overhead cost and volume variances. Select the required formulas, compute the foed over (F) or unfavorable (U) (Abbreviations used: AC actual cost. A a l ontity: FOH-fondova , SC - FOH con variance FOH volume variance Formula Actual FOH Budged FOX Bugeted FOH localed FOH Stato budou variable overhead State budget fed overhead State budget direct labor hours Staid budget number of units andi ber hour $1200 $ 2.400 800 hours 400 units 2 hours per unit Requirement 2. Explain why the variances are favorable or unfavorable S because the actual conter detect labor hour was The variable overhead cost variance is We vonable overhead efficiency variance is because management sed direct labor hou Print Done OXOF .01 s e F G H J K L
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
