Jones Manufacturing incurred fixed overhead costs of $10,000 and variable overhead costs of $4,600 to...
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Accounting
Jones Manufacturing incurred fixed overhead costs of $10,000 and variable overhead costs of $4,600 to produce 1,000 gallons of liquid fertilizer. The standard hours allowed to produce 1,000 gallons of liquid fertilizer is 2,100 direct labor hours. Predetermined overhead rate is $5/direct labor hour. What is the total overhead variance?
Group of answer choices
$4,100 Favorable
$9,600 Favorable
$9,600 Unfavorable
No variance
$500 Unfavorable
$4,100 Unfavorable
$500 Favorable
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