Litchfield Industries Gathered the Following Information for the Month Ended

question 210

Multiple Choice

Litchfield Industries gathered the following information for the month ended June 30: The static budget volume is 3000 units:
Overhead flexible budget:
Actual production was 6500 units. Actual overhead costs were $22,000 for variable costs and $39,000 for fixed costs. Actual machine hours worked were 16,000 hours.
What is the fixed overhead volume variance? (Assume the allocation base for fixed overhead costs is machine hours.)

• A)$53,900 unfavorable
• B)$53,900 favorable
• C)$18,200 unfavorable
• D)$18,200 favorable

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Definitions:

Leadership Ability

The capacity to guide, influence, or direct the behavior or opinions of others in a desired direction.

Situational Factors

External factors or circumstances that can affect an individual's behavior or the outcome of a decision or action in a specific context.

Von Hindenburg

Refers to Paul von Hindenburg, a German military officer and statesman who served as the President of Germany from 1925 until his death in 1934.

Leadership Ability

The capacity to guide, influence, and inspire a group towards achieving its goals, demonstrating vision, and making impactful decisions.