Homework answers / question archive / Approach Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended:   Actual units produced: 15,200 Actual fixed overhead incurred: $855,000 Standard fixed overhead rate: $13 per hour Budgeted fixed overhead: $820,000 Planned level of machine-hour activity: 62,000   If Approach estimates four hours to manufacture a completed unit, the company's fixed-overhead volume variance would be: Multiple Choice $15,600 negative

Approach Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended:   Actual units produced: 15,200 Actual fixed overhead incurred: $855,000 Standard fixed overhead rate: $13 per hour Budgeted fixed overhead: $820,000 Planned level of machine-hour activity: 62,000   If Approach estimates four hours to manufacture a completed unit, the company's fixed-overhead volume variance would be: Multiple Choice $15,600 negative

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Approach Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended:

Actual units produced: 15,200

Actual fixed overhead incurred: $855,000

Standard fixed overhead rate: $13 per hour

Budgeted fixed overhead: $820,000

Planned level of machine-hour activity: 62,000

If Approach estimates four hours to manufacture a completed unit, the company's fixed-overhead volume variance would be:

Multiple Choice

• $15,600 negative.
• $15,600 positive.
• $35,000 negative.
• $35,000 positive.
• None of the answers is correct.