The following data is given for the Bahia Company: Budgeted production 1,000 units Actual production 980 units Materials: Standard price per lb $2.00 Standard pounds per completed unit 12 Actual pounds purchased and used in production 11,800 Actual price paid for materials $23,000 Labor: Standard hourly labor rate $14 per hour Standard hours allowed per completed unit 4.5 Actual labor hours
worked 4,560 Actual total labor costs $62,928 Overhead: Actual and budgeted fixed overhead $27,000 Standard variable overhead rate $3.50 per standard labor hour Actual variable overhead costs $15,500 Overhead is applied on standard labor hours. The factory overhead volume variance is:
A) 65U
B) 65F
C) 540U
D) 540F
C
You might also like to view...
A proportionate distribution of shares of a corporation's own stock to its stockholders is called a
a. cash dividend; b. stock dividend; c. stock split; d. stock distribution; e. stock appropriation.
Winkler Company borrows $87,000 and pledges its receivables as security. The journal entry to record this transaction would be:
A. Debit Note Receivable $87,000 and credit Accounts Receivable $87,000. B. Debit Cash $87,000 and credit Notes Payable $87,000. C. Debit Cash of $87,000 and credit Accounts Payable $87,000. D. Debit Cash of $87,000 and credit Accounts Receivable $87,000. E. Debit Accounts Receivable $87,000 and credit Notes Payable $87,000.
The size of the loading estimates considered significant is a difference contrasting EFA with CFA
Indicate whether the statement is true or false
Which of the following is NOT a communication initiative of the State Department?
A) TV Marti B) maintaining the Armed Forces Radio and Television Service C) Voice of America D) delivering Internet content in over 65 countries