Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Art & Design Posted 17 Aug 2017 My Price 6.00

Monroe, Inc.,

The data below relate to the month of April for Monroe, Inc., which uses a standard cost system and a two-variance analysis of factory overhead:

Actual direct labor hours used

16,500

Standard direct labor hours allowed

16,250

Actual total factory overhead

$53,200

Budgeted fixed factory overhead

$12,000

Budgeted activity in hours

16,000

Total overhead application rate per standard direct labor hour

$3.25

Variable overhead application rate per standard direct labor hour

$2.50

What was Monroe's production-volume variance for April?

a.

$187.50 favorable

b.

$187.50 unfavorable

c.

$437.50 favorable

d.

$437.50 unfavorable

 

Answers

Maurice Tutor
(5)
Status NEW Posted 17 Aug 2017 07:08 PM My Price 6.00

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