FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The Big Company's expected production
volume was 36,000 units at 9,000 hours of
labor. The fixed overhead rate is KD 3 per
hour at 36,000 units. Actual fixed overhead
was KD 26,000 for 32,000 units of production.
Which of the following is correct?
Select one:
a. Cost variance, KD 1,000 U; volume variance,
KD 3,000 U.
b. Cost variance, KD 1,000 U; volume
variance, KD 3,000 F.
c. Cost variance, KD 3,000 F; volume variance,
KD 2,000 U.
d. Cost variance, KD 1,000 F; volume variance,
KD 3,000 U.
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Transcribed Image Text:The Big Company's expected production volume was 36,000 units at 9,000 hours of labor. The fixed overhead rate is KD 3 per hour at 36,000 units. Actual fixed overhead was KD 26,000 for 32,000 units of production. Which of the following is correct? Select one: a. Cost variance, KD 1,000 U; volume variance, KD 3,000 U. b. Cost variance, KD 1,000 U; volume variance, KD 3,000 F. c. Cost variance, KD 3,000 F; volume variance, KD 2,000 U. d. Cost variance, KD 1,000 F; volume variance, KD 3,000 U.
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