Fletcher Company collected the following data regarding production of one of its products. Compute the fixed overhead cost variance. Direct labor standard (2 hrs. @ $12.75/hr.)$25.50 per finished unitActual direct labor hours 81,500 hrs.Budgeted units 42,000 unitsActual finished units produced 40,000 unitsStandard variable OH rate (2 hrs. @ $14.30/hr.)$28.60 per finished unitStandard fixed OH rate ($336,000/42,000 units)$8.00 per unitActual cost of variable overhead costs incurred$1,140,000 Actual cost of fixed overhead costs incurred$338,000
A. $18,000 unfavorable.
B. $18,300 favorable.
C. $18,000 favorable.
D. $14,300 unfavorable.
E. $18,300 unfavorable.
Answer: A
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A. Statements III and IV are correct. B. Statements II and III are correct. C. Statements I, III, and IV are correct. D. Only statement IV is correct. E. Statements I, II, III, and IV are correct.
Equally as important as delivering the right quantity of information, is the delivery of what?
A) Supplemental data B) Visual aids C) Background research information D) Survey results E) Quality information
______ variations are treated as outliers and are eliminated from consideration for forecasting purposes.
A. Cyclical B. Seasonal C. Irregular D. Regular
A firm's demand data from the last two quarter is displayed in the table. Use a three period moving average to forecast demand for July
Month Demand January 154 February 148 March 214 April 180 May 225 June 246 A) 206 B) 217 C) 223 D) 226