HSS Company provides security services to senior executives of prominent corporations when they travel outside the United States. HSS applies both fixed and variable overhead using direct labor hours. The annual budget for one if its customers is as follows:
$HSS Company provides security services to senior executives of prominent corporations when they travel outside the United States. HSS applies both fixed and variable overhead using direct labor hours. The annual budget for one if its customers is as follows: During the year, HSS had the following activity related to this customer: \bullet Actual hours were 850 at a total cost of $44,200. \bullet Actual fixed overhead was $12,750. \bullet Actual variable overhead was $22,950. What is the Variable Overhead Flexible Budget Variance? A) $1,050 favorable B) $1,050 unfavorable C) $2,550 favorable D) $2,550 unfavorable E) None of the above$ During the year, HSS had the following activity related to this customer:

\bullet

Actual hours were 850 at a total cost of $44,200.

\bullet

Actual fixed overhead was $12,750.

\bullet

Actual variable overhead was $22,950.
What is the Variable Overhead Flexible Budget Variance?
A) $1,050 favorable
B) $1,050 unfavorable
C) $2,550 favorable
D) $2,550 unfavorable
E) None of the above

If the Market Price of a Good Is Below the Minimum

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