The following information for the past year is available from Gas Company, a company that...
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Accounting
The following information for the past year is available from Gas Company, a company that uses machine hours to apply standard factory overhead cost to outputs:
| Actual total factory overhead cost incurred | $ 33,000 |
|---|---|
| Actual fixed overhead cost incurred | $ 7,000 |
| Budgeted fixed overhead cost | $ 9,000 |
| Actual machine hours | 9,000 |
| Standard machine hours allowed for the units manufactured | 5,400 |
| Denominator volumemachine hours | 6,100 |
| Standard variable overhead rate per machine hour | $ 3 |
Under a three-variance breakdown (decomposition) of the total factory overhead variance, the total factory overhead spending variance is:
Multiple Choice
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$2,400 favorable.
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$3,000 favorable.
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$2,400 unfavorable.
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$0.
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$1,600 unfavorable.
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