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

question 205

Essay

The following information relates to Turpin Manufacturing's overhead costs for the month:
$$\begin{array} { | l | l | } \hline \text { Static budget variable overhead } & \$ 14,200 \\\hline \text { Static budget fixed overhead } & \$ 5,600 \\\hline \text { Static budget direct labor hours } & 1,000 \text { hours } \\\hline \text { Static budget number of units } & 5,000 \text { units } \\\hline\end{array}$$ Turpin allocates manufacturing overhead to production based on standard direct labor hours.
Turpin 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 cost variance.

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Definitions:

Secession

The act of formally withdrawing from an organization, state, or alliance.

International Unions

Labor unions that operate across national boundaries, representing workers' interests on a global scale.

International Unions

Labor unions that represent workers across multiple countries, advocating for workers' rights and benefits on an international scale.

Headquarters

The central office or main building of an organization where key managerial and executive functions are carried out.