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Neptune Inc. uses a standard cost system and has the following information for the most...

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Accounting

Neptune Inc. uses a standard cost system and has the following information for the most recent month, April:

Actual direct labor hours (DLHs) worked 13,000
Standard DLHs allowed for good output produced this period 19,000
Actual total factory overhead costs incurred $ 38,000
Budgeted fixed factory overhead costs $ 10,600
Denominator activity level, in direct labor hours (DLHs) 15,000
Total factory overhead application rate per standard DLH $ 2.70

The total factory overhead flexible-budget variance in April for Neptune, Inc., to the nearest whole dollar, was: (Round your intermediate calculation to 2 decimal places.)

Multiple Choice

  • $11,350 favorable.
  • $10,410 favorable.
  • $10,310 unfavorable.
  • $11,530 favorable.

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