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For a given department of the Serunity Company, estimated fixed overhead is $360,000 and variable...

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Accounting

For a given department of the Serunity Company, estimated fixed overhead is $360,000 and variable overhead is $240,000 at a standard volume of 60,000 units. For November, $358,000 of fixed and $251,000 of variable overhead were incurred to produce 62,000 units. Which of the following statements is (are) true?

A.

Overhead applied to production is $620,000.
B.

Overhead volume variance is $14,000 (favorable).
C.

Overhead budget variance is $3,000 (unfavorable).
D.

All of the other answers are true.

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