Hello, (Continued from an earlier email). Silverstone's production budget for July called for making 39,800 units of a single product. The firm's production standards allow one-half of a machine hour per unit produced. The fixed overhead budget for July was $35,024. Silverstone uses an absorption costing system. Actual activity and costs for July were: Units produced 36,754 Fixed overhead costs incurred $37,700 Calculate the fixed overhead volume variances for July. Do not round intermediate calculations. Fixed overhead volume variances: ??? thanks.
Hello,
(Continued from an earlier email).
Silverstone's production budget for July called for making 39,800 units of a single product. The firm's production standards allow one-half of a machine hour per unit produced. The fixed overhead budget for July was $35,024. Silverstone uses an absorption costing system. Actual activity and costs for July were:
|
Units produced |
36,754 |
|
Fixed overhead costs incurred |
$37,700 |
Calculate the fixed overhead volume variances for July. Do not round intermediate calculations.
Fixed overhead volume variances: ???
thanks.
Expert Answer
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