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Reed Company employs standard costing and applies overhead on the basis of direct labor hours....

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Accounting

Reed Company employs standard costing and applies overhead on the basis of direct labor hours. The standards and actual operating data for the month are as follows:

Standards
Direct labor hours per unit

2.5 hours
Variable overhead per direct labor hour

$1.75
Fixed overhead per direct labor hour

$3.10
Budgeted variable overhead

$21,875
Budgeted fixed overhead

$38,750
Standard hours allowed

11,250 hours
Budgeted hours

12,500 hours

Actual
Direct labor hours

10,000 hours
Variable overhead

$26,250
Fixed overhead

$38,000

The volume variance is:

A.

$3,875 UF
B.

none of these
C.

$3,875 F
D.

$4,750 F
E.

$4,750 UF

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