Author Question: Bolt Industries gathered the following information for the month ended March 31:The static budget ... (Read 55 times)

ec501234 · **on:** Jan 5, 2020

Bolt Industries gathered the following information for the month ended March 31:

The static budget volume is 4,500 units:

Overhead flexible budget:

Number of units	8,000	9,000	10,000
Standard machine hours	12,000	13,500	15,000
Budgeted overhead costs:
Variable	$48,000	$54,000	$60,000
Fixed	$33,750	$33,750	$33,750

Actual production was 10,000 units. Actual overhead costs were $26,000 for variable costs and $35,000 for fixed costs. Actual machine hours worked were 14,100 hours.

What is the production volume variance at Bolt Industries? (Assume the allocation base for fixed overhead costs is machine hours.)
◦ $41,250 favourable
◦ $41,250 unfavourable
◦ $33,000 favourable
◦ $33,000 unfavourable

flexer1n1 · **Reply #1 on:** Jan 5, 2020

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