question archive The following information for the past year is available from Gas Company, a company that uses machine hours to apply standard factory overhead cost to outputs: Actual total factory overhead cost incurred $ 36,000 Actual fixed overhead cost incurred $ 17,000 Budgeted fixed overhead cost $ 12,000 Actual machine hours 8,000 Standard machine hours allowed for the units manufactured 5,800 Denominator volume—machine hours 6,500 Standard variable overhead rate per machine hour $ 3 The fixed factory overhead production-volume variance, to the nearest whole dollar, is: (Do not round your intermediate calculations; Round your final answer to zero decimal places
The following information for the past year is available from Gas Company, a company that uses machine hours to apply standard factory overhead cost to outputs: Actual total factory overhead cost incurred $ 36,000 Actual fixed overhead cost incurred $ 17,000 Budgeted fixed overhead cost $ 12,000 Actual machine hours 8,000 Standard machine hours allowed for the units manufactured 5,800 Denominator volume—machine hours 6,500 Standard variable overhead rate per machine hour $ 3 The fixed factory overhead production-volume variance, to the nearest whole dollar, is: (Do not round your intermediate calculations; Round your final answer to zero decimal places
Subject:AccountingPrice: Bought3
The following information for the past year is available from Gas Company, a company that uses machine hours to apply standard factory overhead cost to outputs:
| Actual total factory overhead cost incurred | $ 36,000 |
|---|---|
| Actual fixed overhead cost incurred | $ 17,000 |
| Budgeted fixed overhead cost | $ 12,000 |
| Actual machine hours | 8,000 |
| Standard machine hours allowed for the units manufactured | 5,800 |
| Denominator volume—machine hours | 6,500 |
| Standard variable overhead rate per machine hour | $ 3 |
The fixed factory overhead production-volume variance, to the nearest whole dollar, is: (Do not round your intermediate calculations; Round your final answer to zero decimal places.) PLEASE SHOW ALL WORK AND STEPS
Multiple Choice
A. $1,992 favorable.
B. $1,392 favorable.
C. $1,292 unfavorable.
D. $492 unfavorable.
E. $892 favorable.
