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 variance.
A) $5,000 (F)
B) $5,000 (U)
C) $10,000 (U)
D) $10,000 (F)
A
You might also like to view...
When the parties do not agree on the duration of the agency and the agent has incurred substantial expenses in completing the agency, a court will likely hold that:
A. the principal cannot terminate the agency until after the agent has had a reasonable time to try to earn the expected commission. B. only the principal can terminate the agency and the courts cannot hold the agent liable for any expenses incurred by the agent during the agency period. C. the principal will be required to indemnify the agent if some fault of the agent causes a loss. D. the agency relationship must be terminated immediately to avoid unjust enrichment.
The master budget is a static budget because it
a. is geared to only one level of production and sales. b. never changes from one year to the next. c. covers a preset period of time. d. always contains the same operating and financial budgets.
The majority of your writing on the job will involve ________
A) negative messages B) routine, positive messages C) persuasive messages D) entertaining messages
An arrival in a queue that reneges is one who
A) after joining the queue, becomes impatient and leaves. B) refuses to join the queue because it is too long. C) goes through the queue, but never returns. D) jumps from one queue to another, trying to get through as quickly as possible. E) None of the above