The fixed overhead volume variance is the difference between the budgeted and actual production volume multiplied by the standard fixed production overhead rate per unit.

Overhead absorption rate = Budgeted Fixed overhead/Budgeted units

= 27,000/1000 =$27 per unit

Unit

Budgeted production 1000

Actual production 980

Volume variance 20

Standard fixed overhead cost $27

Fixed overhead volume variance  $540 unfavorable

5 0

3 years ago

According to modern growth theory, the key to economic growth is Group of answer choices a large pool of unskilled labor. skille

denis23 [38]

Answer:

Skilled labor

Explanation:

As per the modern economic growth theory, the economic growth would be possible via expenditure done on research & development and have the knowledge regarding innovations so for this the skilled labor is required that helps in research & development and so for innovations

So as per the given statement, the skilled labor is the correct option

Hence, the same is to be considered

5 0

3 years ago

Supply a reason for a decline in the balance of the current account​

Supply a reason for a decline in the balance of the current account