Match Point, Inc has the following overhead standards Variable overhead 5 hours at $7 per hour Fixed overhead 5 hours at $9 per hour The standards were based on a planned activity of 35,000 machine hours when 7,000 units were scheduled for production Actual data follow Variable overhead incurred $1...

Standard machine hours allowed can be calculated using the planned activity level and the standard t ...

Match Point, Inc. has the following overhead standards: Variable overhead: 5 hours at $7 per hour Fixed

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Match Point, Inc. has the following overhead standards:
Variable overhead: 5 hours at $7 per hour
Fixed overhead: 5 hours at $9 per hour

The standards were based on a planned activity of 35,000 machine hours when 7,000 units were scheduled for production.
Actual data follow.

Variable overhead incurred: $187,750
Fixed overhead incurred: $375,000
Machine hours worked: 34,800
Actual units produced: 7,100

What is Match Point’s fixed-overhead volume variance ?

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Cost Accounting

ISBN: 978-0759338098

14th edition

Authors: William K. Carter

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Posted Date: May 19, 2023 08:08 AM

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Match Point, Inc. has the following overhead standards: Variable overhead: 5 hours at $7 per hour Fixed

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Cost Accounting

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