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STION 30 Use the following information to answer Q16. You are...

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Accounting

STION 30

  1. Use the following information to answer Q16.

    You are given the following information:

    • The standard direct labor hours per unit = 5 direct labor hours.
    • 50,000 units were produced although 44,000 units were scheduled to be produced.
    • 100,000 direct manufacturing labor hours were worked.
    • Actual variable manufacturing overhead costs = $2,500,000.
    • Fixed manufacturing overhead allocated = $2,700,000.
    • Variable manufacturing overhead flexible costs = $2,700,000.
    • Actual fixed manufacturing overhead costs = $2,950,000.
    • Budgeted fixed manufacturing overhead = $2,750,000.
    • Variable manufacturing overhead applied costs = $2,630,000.

Q16.a The variable manufacturing overhead flexible budget variance is $

Q16.b The variance type in the question above is (put 1 if favorable, or 2 if unfavorable) .

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