Solved: During may cheshire produced 5500 units budgeted fixed, Accounting Basics

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During may cheshire produced 5500 units budgeted fixed

Question - Cheshire, Inc allocates fixed overhead at a rate of $18 per direct labor hour. This amount is based on 90% of capacity or 3,600 direct labor hours for 6,000 units. During May, Cheshire produced 5,500 units. Budgeted fixed overhead is $60,000 and overhead incurred was $67,000. Determine the volume variance for May.

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Accounting Basics: During may cheshire produced 5500 units budgeted fixed

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