Homework Answers
| Actual Variable Overhead Cost | Actual Hours at Standard Rate | Standard Variable Overhead Cost | ||||||
| $ 88,670.00 | =26350*$3.4 | =(131000*0.2)*$3.4 | ||||||
| $ 89,590.00 | $ 89,080.00 | |||||||
 |
 |
|||||||
| $ 920.00 | ||||||||
| favorable Spending Variance | ($ 510.00) | |||||||
| unfavourable efficiency Variance | ||||||||
| Overall Variance = 89080-88670 = $ 410 F | ||||||||
2. if actual hours worked are 26100 hours
| Actual Variable Overhead Cost | Actual Hours at Standard Rate | Standard Variable Overhead Cost | ||||||
| $ 88,670.00 | =26100*$3.4 | =(131000*0.2)*$3.4 | ||||||
| $ 88,740.00 | $ 89,080.00 | |||||||
 |
 |
|||||||
| $ 70.00 | ||||||||
| Favorable Spending Variance | $ 340.00 | |||||||
| Favourable efficiency Variance | ||||||||
| Overall Variance = 89080-88670 = $ 410 F | ||||||||
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Standard Unit Cost
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$
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$
3.06
Direct labor
1.70
hrs.
$
15.00
per hr.
25.50
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1.70
hrs.
$
1.10
per hr.
1.87
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units)
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2.
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beer steins. Its standard cost information follows:
Standard Quantity
Standard Price (Rate)
Standard Unit Cost
Direct materials (clay)
1.70
lbs.
$
1.80
per lb.
$
3.06
Direct labor
1.70
hrs.
$
15.00
per hr.
25.50
Variable manufacturing overhead (based on direct labor
hours)
1.70
hrs.
$
1.10
per hr.
1.87
Fixed manufacturing overhead ($338,000.00 ÷ 130,000.00
units)
2.60
Barley Hopp had the following actual results last year:
Number of units produced and sold
135,000...
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