Use the following information for the next 3 questions.
General Mtg. Co. budgeted fixed overhead costs of $25,000 per quarter and 1,000 units per quarter in its normal absorption costing system. Any volume variance is carried forward and closed at year end. The company experienced the following activity:
-The volume variance in quarter 1 was
A) $2,500 Unfavorable
B) $10,000 Unfavorable
C) $7,500 Favorable
D) $5,000 Favorable

Question

Use the following information for the next 3 questions.
General Mtg. Co. budgeted fixed overhead costs of $25,000 per quarter and 1,000 units per quarter in its normal absorption costing system. Any volume variance is carried forward and closed at year end. The company experienced the following activity: 
-The volume variance in quarter 1 was
A) $2,500 Unfavorable 
B) $10,000 Unfavorable 
C) $7,500 Favorable 
D) $5,000 Favorable

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The Answer of Use the following information for the next 3 questions.
General Mtg. Co. budgeted fixed overhead costs of $25,000 per quarter and 1,000 units per quarter in its normal absorption costing system. Any volume variance is carried forward and closed at year end. The company experienced the following activity: 
-The volume variance in quarter 1 was
A) $2,500 Unfavorable 
B) $10,000 Unfavorable 
C) $7,500 Favorable 
D) $5,000 Favorable

Use the Following Information for the Next 3 Questions