Multiple Choice
Pearce Company
Pearce Company uses a standard cost system for its production process.Pearce Company applies overhead based on direct labor hours.The following information is available for July:
| Standard: | |
| DLH per unit | 2.20 |
| Variable overhead per DLH | $2.50 |
| Fixed overhead per DLH | |
| Budgeted variable overhead | $3.00 |
| (based on 11,990 DLHs) |
| Actual: | |
| Units produced | 4,400 |
| Direct labor hours | 8,800 |
| Variable overhead | $29,950 |
| Fixed overhead | $42,300 |
Refer to Pearce Company Using the four-variance approach,what is the volume variance?
A) $6,930 U
B) $13,260 U
C) $0
D) $2,640 F
Correct Answer:
Verified
Correct Answer:
Verified
Q19: The sum of the material price variance
Q20: Variance analysis for overhead normally focuses on<br>A)efficiency
Q21: The difference between actual variable overhead and
Q22: Provide the correct term for each of
Q23: Explain the source of fixed overhead spending
Q25: When multiple labor categories are used,the financial
Q26: Jenkins Manufacturing<br>The following information is available
Q27: A fixed overhead volume variance is a
Q28: Pearce Company<br>Pearce Company uses a standard cost
Q29: The formula for price/rate variance is (AP