Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] AirPro Corporation reports the following for this period. Actual total overhead Standard overhead applied Budgeted (flexible) variable overhead rate Budgeted fixed overhead Predicted activity level Actual activity level QS 21-16 (Algo) Volume variance LO P4 Volume variance $ 29,025 $ 31,000 Volume Variance $ Compute the volume variance and identify it as favorable or unfavorable. $ 2.10 per unit 12,500 12,500 units 10,000 units

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Required information
Use the following information for the Quick Study below. (Algo)
[The following information applies to the questions displayed below.]
AirPro Corporation reports the following for this period.
Actual total overhead
Standard overhead applied
Budgeted (flexible) variable overhead rate
Budgeted fixed overhead
Predicted activity level
Actual activity level
QS 21-16 (Algo) Volume variance LO P4
Volume variance
$ 29,025
$ 31,000
Volume Variance
$ 2.10 per unit
$ 12,500
Compute the volume variance and identify it as favorable or unfavorable.
12,500 units
10,000 units
Transcribed Image Text:Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] AirPro Corporation reports the following for this period. Actual total overhead Standard overhead applied Budgeted (flexible) variable overhead rate Budgeted fixed overhead Predicted activity level Actual activity level QS 21-16 (Algo) Volume variance LO P4 Volume variance $ 29,025 $ 31,000 Volume Variance $ 2.10 per unit $ 12,500 Compute the volume variance and identify it as favorable or unfavorable. 12,500 units 10,000 units
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