The following information is available from the Arugula Company: Actual factory overhead $16,800 Actual fixed overhead expenses $ 9,200 Budgeted fixed overhead expenses $ 9,500 Actual hours 3,600 Budgeted hours 3,800 Standard hours allowed 3,500 Standard variable overhead rate per direct labor hour $ 2.25 Assuming that Arugula uses a three-variance analysis of overhead variances, what is the
production-volume variance?
a. $800 favorable
b. $800 unfavorable
c. $500 favorable
d. $500 unfavorable
d
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Answer the following statement true (T) or false (F)