Underfoot Products uses standard costing. The following information about overhead was generated during May: Standard variable overhead rate $2 per machine hour Standard fixed overhead rate $1 per machine hour Actual variable overhead costs $390,000 Actual fixed overhead costs $175,000 Budgeted fixed overhead costs $190,000 Standard machine hours per unit produced 10 Good units produced 18,000
Actual machine hours 200,000 Using the above information provided for Underfoot Products, compute the fixed overhead budget variance.
A) $5,000 (F)
B) $5,000 (U)
C) $10,000 (F)
D) $15,000 (F)
D
You might also like to view...
The Scottish philosopher and historian Thomas Carlyle believed that among the undistinguished masses are people of light and learning, individuals superior in power, courage, and understanding. Which of the following views is most likely reflected by Carlyle?
A. The heroic theory B. The cognitive resources theory (CRT) C. The great man theory D. The dual-process theory
Which of the following statements is FALSE regarding a search warrant?
a. A 'possible cause' condition must be met before a search warrant is issued. b. There is a belief that the documents have been used in committing a crime. c. Only law enforcement officials can execute a search warrant. d. Search warrants are generally used only in criminal cases.
Scotland, Inc. issued a $5,000 face value, 10%, five-year bond at 98. What will be the journal entries at the maturity of the bond? The bonds have semiannual interest, and the company uses the straight-line method of amortization.
Omit explanations.
Within an organizational structure, the person most likely to be evaluated in terms of controllable costs would be:
A. A maintenance worker. B. A sales representative. C. A cost center manager. D. A payroll clerk. E. A production line worker.