Ask Question
19 September, 08:33

The standard costs and actual costs for factory overhead for the manufacture of 3,000 units of actual production are as follows: Standard Costs Fixed overhead (based on 10,000 hours) 3 hours per unit @ $0.70 per hour Variable overhead 3 hours per unit @ $1.97 per hour Actual Costs Total variable cost, $18,200 Total fixed cost, $8,100 The amount of the fixed factory overhead volume variance is

+2
Answers (1)
  1. 19 September, 09:30
    0
    overhead volume variance = $ 1970

    Explanation:

    GIVE dа ta:

    fixed overhead = $8,100

    variable overhead = $18,200

    standard hours for production = 3000*3 = 9000

    standard cost per hour = 1.97+070

    The total factory overhead volume variance = Total actual OH (fixed + Variable) - Standard OH (variable + Fixed)

    = ($ 18,200 + $ 8,100) - (Standard hours for actual production x Standard Cost per hour)

    = $ 26,000 - [ (3000 x 3) hours x ($ 1.97 + $ 0.70) per hour]

    = $ 26,000 - (9000 x 1.67)

    = $ 26,000 - $ 24,030

    = $ 1970

    = $ 1970
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The standard costs and actual costs for factory overhead for the manufacture of 3,000 units of actual production are as follows: Standard ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers