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Compute the production volume variance for july

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Reference no: EM133038930

Question - The Malcolm Company uses a standard cost system in which manufacturing overhead costs are applied to products on the basis of direct labor-hours (DLHs). The standards call for 3 hours of direct labor per unit produced. The following data pertain to the company's manufacturing overhead for the month of July:

Actual fixed overhead cost incurred $28,450

Budgeted activity 8,400 DLHs

Number of units produced 2,900 units

Budget variance $3,250 Unfavorable

Required - Compute the production volume variance for July?

Reference no: EM133038930

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