Question: Matchpoint has the following overhead standards: Variable overhead: 5 hours at $10/hour Fixed overhead: 5 hours at 12/hour The standards were based on a planned

Matchpoint has the following overhead standards: Variable overhead: 5 hours at $10/hour

Fixed overhead: 5 hours at 12/hour

The standards were based on a planned activity of 31,000 machine hours when 6200 units were scheduled for production. Actual data follow

Variable overhead incurred: $179,750

Fixed overhead incurred: $399,000 Machine hours worked: 31,800

Actual units produced: 6,300

Match Point's fixed overhead budget variance is ?????

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!