The following data is given for the Bahia Company: Budgeted production (at...
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Accounting
The following data is given for the Bahia Company:
| Budgeted production (at 100% of normal capacity) | 1,031 units |
| Actual production | 963 units |
| Materials: | |
| Standard price per pound | $1.85 |
| Standard pounds per completed unit | 11 |
| Actual pounds purchased and used in production | 10,275 |
| Actual price paid for materials | $21,064 |
| Labor: | |
| Standard hourly labor rate | $14.08 per hour |
| Standard hours allowed per completed unit | 4.2 |
| Actual labor hours worked | 4,959.45 |
| Actual total labor costs | $75,632 |
| Overhead: | |
| Actual and budgeted fixed overhead | $1,080,000 |
| Standard variable overhead rate | $28.00 per standard labor hour |
| Actual variable overhead costs | $138,865 |
| Overhead is applied on standard labor hours. | |
Round your final answer to the nearest dollar. Do not round interim calculations.
The fixed factory overhead volume variance is
a.$71,232 unfavorable
b.$71,232 favorable
c.$25,616 unfavorable
d.$25,616 favorable
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