The Following Information Relates to Thomas Manufacturing's Overhead Costs for the Month

question 44

Essay

The following information relates to Thomas Manufacturing's overhead costs for the month:
$$\begin{array} { | l | l | } \hline \text { Static budget variable overhead } & \$ 14,200 \\\hline \text { Static budget fixed overhead } & \$ 5,600 \\\hline \text { Static budget direct labor hours } & 1,000 \text { hours } \\\hline \text { Static budget number of units } & 5,000 \text { units } \\\hline\end{array}$$ Thomas allocates manufacturing overhead to production based on standard direct labor hours.
Thomas reported the following actual results for last month: actual variable overhead,$14,500; actual fixed overhead,$5,400; actual production of 4,700 units at 0.22 direct labor hours per unit.The standard direct labor time is 0.20 direct labor hours per unit.
Compute the fixed overhead volume variance.

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Definitions:

Flashbulb Memory

A highly detailed and vivid memory of an emotionally significant moment or event, which seems to be recorded in the mind like a photograph.

Repression

A defense mechanism in psychoanalytic theory where distressing thoughts, memories, or impulses are excluded from consciousness.

Long-Term Memory

A type of memory responsible for the storage of information over an extended period, ranging from a few days to decades.

Unlimited Capacity

A theoretical concept suggesting that certain systems or processes, such as human memory, have no fixed limit on their capacity to store information.