Standard Corporation has developed standard manufacturing overhead costs based on a capacity of 180,000 direct labor-hours (DLHs) as follows:Standard overhead costs per unit:Variable portion: 2 DLHs × $3 per DLH = $6Fixed portion: 2 DLHs × $5 per DLH = $10The following data pertain to operations in April: Actual output 80,000unitsActual direct labor cost$644,000 Actual direct labor-hours worked 165,000DLHsVariable overhead cost incurred$518,000 Fixed overhead cost incurred$860,000 The fixed manufacturing overhead budget variance for April was:
A. $60,000 Favorable
B. $40,000 Favorable
C. $60,000 Unfavorable
D. $40,000 Unfavorable
Answer: B
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A. $812,350. B. $411,450. C. $184,415. D. $121,115. E. $152,765.
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Indicate whether the statement is true or false
After an organization has set its salary levels for each job level, the going rates for comparable jobs in the community should be determined
Indicate whether the statement is true or false.
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