During November,Heim Company allocated overhead to products at the rate of $26 per direct labor hour.This figure was based on 80% of capacity or 1,600 direct labor hours.However,Heim Company operated at only 70% of capacity,or 1,400 direct labor hours.Budgeted overhead at 70% of capacity is $38,900,and overhead actually incurred was $38,000.What is the company's volume variance for November? (Indicate whether the variance is favorable or unfavorable.)
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q141: Chips Co. assigned direct labor cost to
Q149: Selected information from Michaels Company's flexible budget
Q151: If Blue Jay Enterprises actual overhead incurred
Q152: Raisen,Inc.'s budget included the following overhead
Q153: Reference: 21_09
This information comes from the records
Q155: Tiger,Inc.,has developed the following standard cost
Q158: Cheshire, Inc. allocates fixed overhead at a
Q158: Duval,Inc.,budgets direct materials at $1/liter and requires
Q160: Falcon Company's output for a period was
Q211: Companies promoting continuous improvement strive to achieve
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents