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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

  • $2,400 favorable.

  • $3,000 favorable.

  • $2,400 unfavorable.

  • $0.

  • $1,600 unfavorable.

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