question archive Required information Jessep Corporation has a standard cost system in which manufacturing overhead is applied to units of product on the basis of direct labour hours
Required information Jessep Corporation has a standard cost system in which manufacturing overhead is applied to units of product on the basis of direct labour hours
Subject:BusinessPrice: Bought3
Required information
Jessep Corporation has a standard cost system in which manufacturing overhead is applied to units of product on the basis of direct labour hours. The company has provided the following data concerning its fixed manufacturing overhead costs in March:
Denominator Hours15,000 hoursActual Hours Worked14,000 hoursStandard Hours Allowed for the Output12,000 hoursFlexible Budget Fixed Overhead Cost$45,000Actual Fixed Overhead Costs$48,000
What was the fixed overhead volume variance?
