The Following Information Relating to a Company's Overhead Costs Is

question 50

Multiple Choice

The following information relating to a company's overhead costs is available.Based on this information,the total overhead variance is:
$$\begin{array} { l l } \text { Budgeted fixed overhead rate per machine hour } & \$ 0.50 \\\text { Actual variable overhead } & \$ 73,000 \\\text { Budgeted variable overhead rate per machine hour } & \$ 2.50 \\\text { Actual fixed overhead } & \$ 17,000 \\\text { Budgeted hours allowed for actual output achieved } & \mathbf { 32 } , 000\end{array}$$ Based on this information,the total overhead variance is:

• A)$7,000 favorable.
• B)$6,000 favorable.
• C)$1,000 unfavorable.
• D)$6,000 unfavorable.
• E)$1,000 favorable.

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Definitions:

Dihydroxylation

A chemical process that introduces two hydroxyl (-OH) groups across a double bond in alkenes, producing diols.

Hydroboration

A chemical reaction that adds boron and hydrogen across the double bond of alkenes to form organoboranes, a helpful intermediate in organic synthesis.

Alkene

Hydrocarbons that contain at least one carbon-carbon double bond, involved in various organic reactions.

Products

Substances resulting from a chemical reaction, found on the right side of the chemical equation.