Reference no: EM132979102
Question - RTC Supply Co. produces cleaning equipment for professional cleaners. At the start of the year, RTC estimated variable overhead costs to be $13 per unit and total fixed overhead costs at $300,000 based on a volume of 60,000 units. The detail for the overhead estimates follows:
Variable Overhead Budget @ 60,000 units Actual Costs
Indirect materials $ 480,000 $ 469,500
Utilities 120,000 93,000
Maintenance 180,000 224,000
Total variable overhead 780,000 786,500
Fixed Overhead
Supervisor salaries 125,000 127,000
Depreciation 150,000 145,000
Other fixed overhead 25,000 26,000
Total fixed overhead 300,000 298,000
Total overhead costs $1,080,000 $1,084,500
Actual production for the year totaled 59,000 units. How much is the variable overhead flexible budget variance?
$4,500 unfavorable
$19,500 unfavorable
$21,500 favorable
$19,500 favorable
$10,000 favorable
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