Reference no: EM132248483
Question - A manufacturer uses a standard cost system with overhead applied based upon direct labor hours. The manufacturing budget for the production of 5,000 units for the month of May included the following information:
Direct labor 10,000 hours at $15 per hour $150,000
Variable overhead 30,000
Fixed overhead 80,000
During May, 6,000 units were produced and the fixed overhead budget variance was $2,000 favorable. Fixed overhead during May was
A. Underapplied by $2,000.
B. Underapplied by $16,000.
C. Overapplied by $16,000.
D. Overapplied by $18,000.
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