Family Fashions uses standard costs for its manufacturing division. The allocation base for overhead costs is direct labor hours. From the following data, calculate the fixed overhead volume variance.
A) $16,800 F
B) $46,200 U
C) $46,200 F
D) $16,800 U
C) $46,200 F
Explanation: Fixed overhead volume variance = Budgeted fixed overhead - Allocated fixed overhead
Note:
Overhead allocated to production = Standard overhead allocation rate × Standard quantity of the allocation base allowed for actual output
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