Holl Corporation has provided the following data for
November.
Denominator level of activity
4900
machine-hours
Budgeted fixed manufacturing overhead costs
$
58,310
Standard...
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Accounting
Holl Corporation has provided the following data forNovember.
Denominator level of activity
4900
machine-hours
Budgeted fixed manufacturing overhead costs
$
58,310
Standard machine-hours allowed for the actual output
5200
machine-hours
Actual fixed manufacturing overhead costs
$
57,330
Required:
Calculate the following. Input all amounts as positivevalues
FOH Budget Variance
$
FOH Volume Variance
$
Answer & Explanation
Solved by verified expert
3.7 Ratings (600 Votes)
FOH Budget Variance
$ 980 Favourable
FOH Volume Variance
$ 3,570 Favourable
Working
Fixed Overhead Production Budget
Variance
(
Budgeted Fixed
Overhead
-
Actual Fixed Overhead
incurred
)
(
$
58,310.00
-
$
57,330.00
)
980
Variance
$
980.00
Favourable-F
Fixed Overhead Production Volume
Variance
(
Standard Fixed
Overhead or Fixed Overhead absorbed = ($58310 / 4900 MHs) x 5200
MHs
-
Budgeted Fixed
Overhead
)
(
$
61,880.00
-
$
58,310.00
)
3570
Variance
$
3,570.00
Favourable-F
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