CourseLover

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    Devry University
    Sep-2004 - Aug-2010

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    NatSteel Holdings Pte Ltd
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Category > Management Posted 22 Dec 2017 My Price 10.00

What is the production volume variance?

i have 6 question that i need help with please if its possible. thank you so much 

2,020 Standard machine hours allowed 2,280 Denominator activity (machine hours) 2,530 Actual fixed overhead costs $ 16,850 Budgeted fixed overhead costs $ 17,710 Predetermined overhead rate ($2 variable + $7 fixed) $ 9 What is the production volume variance? $500 unfavorable. $3,570 unfavorable. $860 unfavorable. $1,750 unfavorable. Queston 2 Arrow Industries employs a standard cost system in which direct materials inventory is carried at standard cost. Arrow has established the following standards for the prime costs of one unit of product. Standa rd Quanti ty Standa rd price Standard cost Direct Materia ls 15 pounds $ 2.00 per pound $ 30.00 Direct Labor 0.25 hour $ 15.00 per hour $ 3.75 $ 33.75 During November, Arrow purchased 401,000 pounds of direct materials at a total cost of $806,500. The total factory wages for November were $100,500,
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CourseLover
(12)
Status NEW Posted 22 Dec 2017 07:12 AM My Price 10.00

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