What is the overhead volume variance, Accounting Basics

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What is the overhead volume variance

Overhead is applied on the basis of direct labor hours. Three direct labor hours are required for each product unit. Planned production for the period was set at 8,000 units. Manufacturing overhead for the period is budgeted at $204,000, of which 30% is fixed. The 26,200 hours worked during the period resulted in production of 8,500 units. Manufacturing overhead cost incurred was $220,500.

What is the overhead volume variance? a. $3,900F b. $3,895U c. $3,825F d. $3,955U
What is the spending variance? a. $3,510U b. $3,490F c. $4,190F e.d. $3,410U
What is the volume variance? a.$4,165U b.$4,555F c.$4,175U d.$4,185F

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Accounting Basics: What is the overhead volume variance

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Accounting Basics: What is the overhead volume variance

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Recent Questions Asked Accounting Basics

Q : Compute the standard cost of one unit of product

Q : Determine the uncertainty in the measurement

Q : The standard cost of product b manufactured

Q : What is the bulk modulus of the oil in units of psi

Q : What is the overhead volume variance

Q : Calculate the factory overhead cost for the production

Q : Find the charge on the particle

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Q : Identify and describe the underlying problem or conflict

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Ask an Expert for Answer!!

Accounting Basics: What is the overhead volume variance

Reference No:- TGS0709368

Recent Questions Asked Accounting Basics

Q : Compute the standard cost of one unit of product

Q : Determine the uncertainty in the measurement

Q : The standard cost of product b manufactured

Q : What is the bulk modulus of the oil in units of psi

Q : What is the overhead volume variance

Q : Calculate the factory overhead cost for the production

Q : Find the charge on the particle

Q : How much direct labor should be debited to work in process

Q : Identify and describe the underlying problem or conflict

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