Regent, Incorporated uses the following standard to produce a single unit of its product: overhead $6 (3 hours @ $2/hour). The flexible budget for overhead is $110,000 plus $0.50 per direct labor hour. Actual data for the month show over ead costs of $150,000, and 22,000 units produced. The overhead volume variance is ?

Answer rating: 100% (QA)

To calculate the overhead volume variance we need to compare the actual hours worked to the standard ... View the full answer