Answer:
B. less than the fixed costs saved.
Explanation:
Answer:<u><em> Fair price </em></u><em>is the type of a reference price that Jane is using.</em>
Here, Jane is of the opinion and how she pursues the price of the commodity in the market .i.e. fair price is the quantity of money that it you pursue to be sensible for a commodity.
Answer:
$18,100 unfavorable
Explanation:
The computation of the total variable overhead variance is shown below:
Total variable overhead variance = Standard variable overhead cost - Actual variable overhead cost
where,
Standard variable overhead cost is
= 2 hours × 400 units × $8 per hour
= $6,400
And, the actual variable overhead cost is $24,500
So, the total variable overhead variance is
= $6,400 - $24,500
= $18,100 unfavorable
Since the actual variable overhead cost exceeds then the standard variable overhead cost so it reflects the unfavorable variance
