Fletcher Company collected the following data regarding the production of one of its products. Compute...
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Accounting
Fletcher Company collected the following data regarding the production of one of its products. Compute the variable overhead spending variance.
| Direct labor standard (2.00 hrs. @ $14.10/hr.) | $28.20 | per finished unit |
| Actual direct labor hours | 88,900 | hrs. |
| Budgeted units | 46,600 | units |
| Actual finished units produced | 43,000 | units |
| Standard variable OH rate (2.00 hrs. @ $14.00/hr.) | $28.00 | per finished unit |
| Standard fixed OH rate ($232,000/46,600 units) | $5.00 | per unit |
| Actual cost of variable overhead costs incurred | $1,216,000 | |
| Actual cost of fixed overhead costs incurred | 234,900 |
A. $7200 favorable.
B. $40,600 unfavorable.
C. $28,600 favorable.
D. $7200 unfavorable.
E. $40,600 favorable.
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