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Hamilton Pty Ltd Uses a Standard Costing System for Product

Question 46

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Hamilton Pty Ltd uses a standard costing system for product costing.The company uses direct labour hours as the cost driver to apply overhead costs.The following amounts were budgeted for the year:
The following were the actual results:
Calculate the amount of fixed overhead budget variance. Hamilton Pty Ltd uses a standard costing system for product costing.The company uses direct labour hours as the cost driver to apply overhead costs.The following amounts were budgeted for the year: The following were the actual results: Calculate the amount of fixed overhead budget variance. A) $10 000 favourable B) $10 000 unfavourable C) $24 000 favourable D) $34 000 unfavourable
Hamilton Pty Ltd uses a standard costing system for product costing.The company uses direct labour hours as the cost driver to apply overhead costs.The following amounts were budgeted for the year: The following were the actual results: Calculate the amount of fixed overhead budget variance. A) $10 000 favourable B) $10 000 unfavourable C) $24 000 favourable D) $34 000 unfavourable


A) $10 000 favourable
B) $10 000 unfavourable
C) $24 000 favourable
D) $34 000 unfavourable

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