Megan, Inc. uses the following standard costs per unit for one of its...
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Accounting
Megan, Inc. uses the following standard costs per unit for one of its products: Direct labor (2.0 hrs. @ $5.00/hr.) = $10.00; overhead (2.0 hrs. @ $2.50/hr.) = $5.00. The flexible budget for overhead is $120,000 plus $1.00 per direct labor hour (DLH). Actual data for the past month show total overhead costs of $225,000, total fixed overhead of $123,000, 85,000 hours worked, and 40,000 units produced.
The fixed overhead production volume variance for Megan, Inc. for the past month (to the nearest whole dollar) was:
Multiple Choice
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$0.
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$3,000 unfavorable.
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$5,000 unfavorable.
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$20,000 unfavorable.
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Cannot be determined without additional information.
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