Business, 14.04.2020 04:10 jcece9055

Titus Company produced 8,900 units of a product that required 3.25 standard hours per unit. The standard fixed overhead cost per unit is $1.20 per hour at 29,000 hours, which is 100% of normal capacity.

Determine the fixed factory overhead volume variance.

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Answer from: jwunder5859

$90

Explanation:

Factory overhead volume variances refers to difference between the budgeted fixed overhead at 100% of normal capacity, and the standard fixedd overheads for the actual units produced.

The factory overhead voume variance can be calculated as follows :

Fixed factory overhead volume variance = (Standard hours for

the 100% of normal

capacity - Standard

hours for the actual

unit produced)x(fixed

factory overhead rate)

To solve the question we have,

Unit produced 8,900 units of a product in 3.25 standard hours per unit

= 8,900 x 3.25

=28925 hours

cost per unit = $1.20 per hour

hours at 100% normal capaity = 29,000 hours

fixed factory overhead volume variance = ?

Formula:

Fixed factory overhead volume variance = (Standard hours for

the 100% of normal

capacity - Standard

hours for the actual

unit produced)x(fixed

factory overhead rate)

Solution:

Fixed factory overhead volume variance = (29,000 hours -

28,925 hours) x $1.20

= 75 x $1.20

= $90

Answer from: Quest

im confused need to go into details plz thx

Answer from: Quest

send the charted data

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Titus Company produced 8,900 units of a product that required 3.25 standard hours per unit. The stan...