1 4 points Skipped TB MC Qu. 10A-86 (Static) Tierman Incorporated makes a single product--a... Tierman Incorporated makes a single product--a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted fixed manufacturing overhead Budgeted production (a) $ 221,700 15,000 units Standard hours per unit (b) eBook Budgeted hours (a) x (b). Actual production (a) Standard hours per unit (b) Standard hours allowed for the actual production (a) x (b) Actual fixed manufacturing overhead The fixed overhead volume variance is: 2.00 machine-hours 30,000 machine-hours 17,000 units 2.00 machine-hours 34,000 machine-hours $ 207,700 Multiple Choice

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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TB MC Qu. 10A-86 (Static) Tierman Incorporated makes a single product--a...
Tierman Incorporated makes a single product--a cooling coil used in commercial refrigerators. The company has a standard cost system in
which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning
the most recent year appear below:
Budgeted fixed manufacturing overhead
Budgeted production (a)
$ 221,700
15,000 units
Standard hours per unit (b)
eBook
Budgeted hours (a) x (b).
Actual production (a)
Standard hours per unit (b)
Standard hours allowed for the actual production (a) x (b)
Actual fixed manufacturing overhead
The fixed overhead volume variance is:
2.00 machine-hours
30,000 machine-hours
17,000 units
2.00 machine-hours
34,000 machine-hours
$ 207,700
Multiple Choice
Transcribed Image Text:1 4 points Skipped TB MC Qu. 10A-86 (Static) Tierman Incorporated makes a single product--a... Tierman Incorporated makes a single product--a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted fixed manufacturing overhead Budgeted production (a) $ 221,700 15,000 units Standard hours per unit (b) eBook Budgeted hours (a) x (b). Actual production (a) Standard hours per unit (b) Standard hours allowed for the actual production (a) x (b) Actual fixed manufacturing overhead The fixed overhead volume variance is: 2.00 machine-hours 30,000 machine-hours 17,000 units 2.00 machine-hours 34,000 machine-hours $ 207,700 Multiple Choice
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