Use this information to answer the questions that follow.
The standard factory overhead rate is $10 per direct labor hour ($8 for variable factory overhead and $2 for fixed factory overhead) based on 100% of normal capacity of 30,000 direct labor hours. The standard cost and the actual cost of factory overhead for the production of 5,000 units during May were as follows:
-What is the fixed factory overhead volume variance?
Definitions:
Homologous Chromosomes
Pairs of chromosomes that have the same structure and gene sequence, one inherited from each parent.
Genetic Variation
The diversity of genetic characteristics within a species or population, which is a result of mutations, genetic recombination, and other processes.
Deleterious Allele
A version of a gene that, on average, decreases the fitness of the organism carrying it.
mRNA Transcript
A single-stranded RNA molecule that is complementary to one of the DNA strands of a gene, serving as a template for protein synthesis in the process of translation.
Q27: The following data relate to direct labor
Q28: Make-or-buy options often arise when a manufacturer
Q44: Using the FIFO method and rounding cost
Q65: Variable costs are costs that vary in
Q69: Calculate the direct labor time variance.<br>A) $2,362.50
Q94: If the total unit cost of manufacturing
Q120: Lean manufacturing attempts to significantly reduce<br>A) profits<br>B)
Q120: Remain the same in total dollar amount
Q175: Assuming that all direct materials are placed
Q199: The point where the profit line intersects