Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and...
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Accounting
Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below:
Original Budget
Actual Costs
Variable overhead costs:
Supplies
$
6,400
$
6,590
Indirect labor
10,580
9,930
Fixed overhead costs:
Supervision
14,210
14,350
Utilities
13,500
13,550
Factory depreciation
57,440
57,250
Total overhead cost
$
102,130
$
101,670
The company based its original budget on 6,500 machine-hours. The company actually worked 6,460 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 6,390 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month? (Round your intermediate calculations to 2 decimal places.)
Garrison 16e Rechecks 2017-10-31
Multiple Choice
$1,345 favorable
$1,441 favorable
$1,441 unfavorable
$1,345 unfavorable
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