The following data is given for the Zoyza Company: Budgeted production (at...
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Accounting
The following data is given for the Zoyza Company:
| Budgeted production (at 100% of normal capacity) | 26,000 units |
| Actual production | 27,500 units |
| Materials: | |
| Standard price per ounce | $6.50 |
| Standard ounces per completed unit | 8 |
| Actual ounces purchased and used in production | 228,000 |
| Actual price paid for materials | $1,504,800 |
| Labor: | |
| Standard hourly labor rate | $22 per hour |
| Standard hours allowed per completed unit | 6.6 |
| Actual labor hours worked | 183,000 |
| Actual total labor costs | $4,020,000 |
| Overhead: | |
| Actual and budgeted fixed overhead | $1,029,600 |
| Standard variable overhead rate | $24.50 per standard labor hour |
| Actual variable overhead costs | $4,520,000 |
Overhead is applied on standard labor hours. The fixed factory overhead volume variance is
a.$59,400 unfavorable
b.$73,250 favorable
c.$59,400 favorable
d.$73,250 unfavorable
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