Answer the Following Questions Using the Information Below:
Harvey Corporation

question 5

Multiple Choice

Answer the following questions using the information below:
Harvey Corporation manufactured 1500 chairs during June.The following variable overhead data pertain to June:
$\begin{array}{ll}\text { Budgeted variable overhead cost per unit } & \$ 12.00 \\\text { Actual variable manufacturing overhead cost } & \$ 20800 \\\text { Flexible-bud get amount for variable manufacturing overhead } & \$ 18000 \\\text { Variable manufacturing overhead efficiency variance } & \$ 360 \text { unfavourable }\end{array}$

-What is the variable overhead flexible-budget variance?

• A)$2800 unfavourable
• B)$2800 favourable
• C)$1560 favourable
• D)$360 unfavourable

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Definitions:

Building Costs

Expenses associated with constructing a physical structure, including materials, labor, and regulatory fees.

Accountants Demand

The requirement or need for accounting professionals in the marketplace, largely influenced by the economic condition and regulatory environment.

Earnings Decrease

A situation in which a company or individual’s income or profit declines compared to a previous period.

Future Supply

The quantity of a good or service that producers are willing and able to sell at various prices at a specific future date.