The Standard Variable Overhead Cost Rate for Walter Manufacturing Is

question 136

Multiple Choice

The standard variable overhead cost rate for Walter Manufacturing is $23 per unit.Budgeted fixed overhead cost is $52,000.Walter Manufacturing budgeted 4,000 units for the current period and actually produced 4,100 finished units.What is the production volume variance? Assume the allocation base for fixed overhead costs is the number of units expected to be produced.

• A)$2,300 favorable
• B)$1,300 favorable
• C)$2,300 unfavorable
• D)$1,300 unfavorable

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Definitions:

Hiram Revels

The first African American to serve in the U.S. Senate, representing Mississippi in 1870-1871 during the Reconstruction era.

Blanche K. Bruce

Blanche K. Bruce was an African American politician who served as a U.S. Senator from Mississippi during the Reconstruction era, becoming the first African American to serve a full term in the Senate.

Election of 1876

A highly contested U.S. presidential election that led to the Compromise of 1877, effectively ending Reconstruction and withdrawing federal troops from the South.

Rutherford Hayes

The 19th President of the United States (1877–1881), known for his efforts to reconcile the divisions left over from the Civil War and Reconstruction.