Multiple Choice
Kris Company calculates its predetermined rates using practical volume, which is 325,000 units.The standard cost system allows 3 direct labor hours per unit produced.Overhead is applied using direct labor hours.The total budgeted overhead is $4,260,000, of which $994,000 is fixed overhead.The actual results for the year are as follows: 
-
Calculate the fixed overhead volume variance.
A) $32,000 U
B) $20,000 F
C) $22,000 F
D) $4,000 U
E) None of these.
Correct Answer:
Verified
Correct Answer:
Verified
Q79: Which of the following is used to
Q80: If actual fixed overhead was $98,400 and
Q81: Engineering studies are often too rigorous and
Q82: The _ is the difference between the
Q83: An accountant would refer to a cost
Q85: The sources of quantitative standards include<br>A) historical
Q86: During January, 7,000 direct labor hours were
Q87: The actual quantity of input at the
Q88: Kris Company calculates its predetermined rates using
Q89: Kaizen costing provides fixed standards which reflect