Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please show work litchfield industries gather

please show work Litchfield Industries gathered the following information...

60.1K

Verified Solution

Question

Accounting

please show work image
image
Litchfield Industries gathered the following information for the month ended June 30 The static budget volume is 2,000 units Overhead flexible budget Number of units 13,000 14,000 15,000 Standard machine hours 31,200 33,600 36.000 Budgeted variable overhead $78,000 $84,000 $90,000 costs Budgeted fixed overhead costs: $21,600 $21,600 $21,600 Actual production was 7,000 units. Actual overhead costs were $27,000 for variable costs and $38,000 for foxed costs. Actual machine hours worked were 16.000 hours What is the fored overhead volume variance? (Assume the allocation base for fred overhead costs is machine hours) O A 554,000 favorable OB. 516,800 favorable OC. 554000 unfavorable OD 516 800 unfavorable

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

6. Dependency Theory is one of two major explanations for the unequal distribution of the world’s...

Physics
1.2K views

A plane flies at 1.75 times the speed of sound. Its sonic boom reaches a man...

Psychology
1.2K views

how does social capital enhance wellbeing in a rural community

Physics
1.2K views

fagyalaya AY DAHEIGH OPTIONS MARK FOR REVIEW CLEAR SELECTION A The dimensions of dipole moment...

Statistics
1.2K views

If 8cos 0 4 12 where 0 0 2 what are the values of 0...

Algebra
1.2K views

36x 27x 10 10 The function f x logx is transformed into the equation f...

Accounting
1.2K views

Draw the cash flow diagram for the followine oroiect: Note: Payment...

Accounting
1.2K views

17 Corey Company has a margin of safety percentage of 25%. The break...

Accounting
1.2K views

You have just been hired by FAB Corporation, the manufacturer of a revolutionary...

Accounting
1.2K views

S. Spradlin Inc Purchased a diamond mine in North Carolina for $12,000,000. It is estimated...

Accounting
1.2K views

The excess of the fair value of the consideration received over the stated value of...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] Marco Company...