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What Is the Production Volume Variance A) $200
B) $400

question 96

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What is the production volume variance?  Actual machine hours 840 Standard machine hours allowed 900 Denominator activity (machine hours)  1,000 Actual fixed overhead costs $3,800 Budgeted fixed overhead costs $4,000 Predetermined overhead rate ( $1 variable +$4$5 fixed)  \begin{array} { l | r | } \hline \text { Actual machine hours } & 840 \\\hline \text { Standard machine hours allowed } & 900 \\\hline \text { Denominator activity (machine hours) } & 1,000 \\\hline \text { Actual fixed overhead costs } & \$ 3,800 \\\hline \text { Budgeted fixed overhead costs } & \$ 4,000 \\\hline \text { Predetermined overhead rate ( } \$ 1 \text { variable } + \$ 4 & \$ 5 \\\text { fixed) } & \\\hline\end{array}

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Definitions:

Copper

A reddish-brown, malleable, ductile metallic element with high electrical and thermal conductivity, used in a wide variety of applications.

Metals

Metals are elements that are good conductors of electric current and heat, have a shiny appearance, and are malleable and ductile.

Mg

Mg is the chemical symbol for magnesium, a lightweight, silvery-white metallic element that is essential for human biology.

K

The symbol for potassium, an essential mineral and electrolyte in the human body, or alternatively, the symbol for the kelvin, a unit of temperature.

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