Reference no: EM133061195
Question - Over and? Under, Inc. manufactures weaving looms. Before the period? began, the company prepared the following manufacturing overhead budget for an expected activity level of? 15,000 direct labor hours? (DL hrs):
Variable Manufacturing Overhead Costs ?$322,500
Fixed Manufacturing Overhead Costs ?$205,000
By the end of the? period, the company noted that? 3,000 fewer direct labor hours were logged than expected. The total actual manufacturing overhead costs incurred during the period was? $545,000, of? which, $325,000 was fixed. Which of the following statements is incorrect for the above? data?
A. The? company's flexible budget variance for total manufacturing overhead costs during the period equals? $64,500.
B. The master budget variance related to fixed manufacturing overhead costs for the period equals? $120,000.
C. The volume variance for variable manufacturing overhead costs is favorable because fewer DL hrs were logged during production than expected.
D. The total volume variance can be calculated by multiplying the unit variable cost by the difference between the expected DL hrs and the actual DL hrs.
E. The flexible budget variance for fixed manufacturing overhead costs equals the master budget variance for fixed overhead costs.
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