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![Page. No ① = [#12 x 10,000) – $132000 = 3 • Fixed overhead 120.000 – 132000 $ 12000 [un favorable] volume variance = $12000 [](http://img.homeworklib.com/questions/be094580-6f9b-11ea-a159-53135fd61af1.png?x-oss-process=image/resize,w_560)
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The following data are the actual results for Marvelous Marshmallow Company for October. Actual output Actual...
The following data are the actual results for Marvelous Marshmallow Company for October. Actual output Actual...
The following data are the actual results for Marvelous Marshmallow Company for October. Actual output Actual variable overhead Actual fixed overhead Actual machine time 9,000 cases $418,000 $124,000 39, 400 machine hours Standard cost and budget information for Marvelous Marshmallow Company follows: Standard variable-overhead rate Standard quantity of machine hours Budgeted fixed overhead Budgeted output $ 10.00 per machine hour 4 hours per case of marshmallows $120,000 per month 10,000 cases per month Required: Use any of the methods explained...
Standard machine hours per unit of output 4 hours Standard variable-overhead rate per machine hour 8.00...
Standard machine hours per unit of output 4 hours Standard variable-overhead rate per machine hour 8.00 Actual variable-overhead rate per machine hour Actual machine hours per unit of output Budgeted fixed overhead |Actual fixed overhead Budgeted production in units Actual production in units Variable-overhead spending variance Variable-overhead efficiency variance Fixed-overhead budget variance Fixed-overhead volume variance Total actual overhead Total budgeted overhead (flexible budget) Total budgeted overhead (static budget) Total applied overhead 9.00 3 S 50,000 25,000 24,000 72,000 Unfavorable 192,000...
You brought your work home one evening, and your nephew spilled his chocolate milk shake on...
You brought your work home one evening, and your nephew spilled his chocolate milk shake on the variance report you were preparing. Fortunately, knowing that overhead was applied based on machine hours, you were able to reconstruct the obliterated information from the remaining data. Fill in the missing numbers below. (Round your per machine hour and per unit answers to two decimal places. Indicate the effect of the variance by selecting "Positive" or "Negative". Select "None" and enter "O" for...
8-38 Overhead variance, missing information. Consider the following two situations—cases A and B independently. Data refer...
8-38 Overhead variance, missing information. Consider the following two situations—cases A and B independently. Data refer to operations for April 2017. For each situation, assume standard costing. Also assume the use of a flexible budget for control of variable and fixed manufacturing overhead based on machine-hours. Cases A B (1) Fixed manufacturing overhead incurred $ 84,920 $23,180 (2) Variable manufacturing overhead incurred $120,400 (3) Denominator level in machine-hours 1,000 (4) Standard machine-hours allowed for actual output achieved 6,200 (5) Fixed...
Crystal Glassware Company has the following standards and flexible-budget data. Standard variable-overhead rate Standard quantity of...
Crystal Glassware Company has the following standards and flexible-budget data. Standard variable-overhead rate Standard quantity of direct labor Budgeted fixed overhead Budgeted output $ 6.00 per direct-labor hour 2 hours per unit of output $144,000 24,000 units Actual results for April are as follows: 1 + Actual output Actual variable overhead Actual fixed overhead Actual direct labor 17,000 units $306,000 $141,000 50,000 hours Required: Use the variance formulas to compute the following variances. (Indicate the effect of each variance by...
Crystal Glassware Company has the following standards and flexible-budget data. Standard variable-overhead rate Standard quantity of...
Crystal Glassware Company has the following standards and flexible-budget data. Standard variable-overhead rate Standard quantity of direct labor Budgeted fixed overhead Budgeted output $ 19 per direct - labor hour 2.2 hours per unit of output $400, eee 30,units Actual results for April are as follows: Actual output Actual variable overhead Actual fixed overhead Actual direct labor 19,808 units $1,025, 150 $ 341,800 50, 500 hours Required: Use the following diagrams below (similar to Exhibit 11-6 and Exhibit 11-8 to...
Ecocomfort Corporation manufactured 3000 coolers during October. The following variable overhead data relates to October: Calculate...
Ecocomfort Corporation manufactured 3000 coolers during October. The following variable overhead data relates to October: Calculate the variable overhead flexible-budget variance. Variable overhead spending variance $ 1280 unfavorable Variable overhead efficiency variance $192 unfavorable Budgeted machine hours allowed for actual output 607 machine hours Actual cost per machine hour $26 Budgeted cost per machine hour $24
You brought your work home one evening, and your nephew spilled his chocolate milk shake on...
You brought your work home one evening, and your nephew spilled his chocolate milk shake on the variance report you were preparing. Fortunately, knowing that overhead was applied based on machine hours, you were able to reconstruct the obliterated information from the remaining data. Fill in the missing numbers below. (Round your per machine hour and per unit answers to two decimal places. Indicate the effect of the variance by selecting "Positive" or "Negative". Select "None" and enter "O" for...
Norwall Company's budgeted variable manufacturing overhead cost iS $1.95 per machine-hour and its budgeted fixed manufacturing overhead is $51,336 per month. The following information is availabl...
Norwall Company's budgeted variable manufacturing overhead cost iS $1.95 per machine-hour and its budgeted fixed manufacturing overhead is $51,336 per month. The following information is available for a recent month: a. The denominator activity of 28,520 machine-hours is used to compute the predetermined overhead rate b. At a denominator activity of 28,520 machine-hours, the company should produce 12,400 units of product. C. The company's actual operating results were Number of units produced Actual machine-hours Actual variable manufacturing overhead cost Actual...
2. The following data have been provided by Lopus Corporation: Budgeted production Standard machine-hours per unit Sta...
2.
The following data have been provided by Lopus Corporation: Budgeted production Standard machine-hours per unit Standard lubricants Standard supplies 4,000 units 4.1 machine-hours 5.60 per machine-hour 4.30 per machine-hour $ $ Actual production Actual machine-hours Actual lubricants (total) Actual supplies (total) 4,300 units 9,480 machine-hours $ 54,833 $40,239 Required: Compute the variable overhead rate variances for lubricants and for supplies. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect...
The following data are the actual results for Marvelous Marshmallow Company for October. Actual output Actual variable overhead Actual fixed overhead Actual machine time 9,000 cases $418,000 $124,000 39, 400 machine hours Standard cost and budget information for Marvelous Marshmallow Company follows: Standard variable-overhead rate Standard quantity of machine hours Budgeted fixed overhead Budgeted output $ 10.00 per machine hour 4 hours per case of marshmallows $120,000 per month 10,000 cases per month Required: Use any of the methods explained...
Standard machine hours per unit of output 4 hours Standard variable-overhead rate per machine hour 8.00 Actual variable-overhead rate per machine hour Actual machine hours per unit of output Budgeted fixed overhead |Actual fixed overhead Budgeted production in units Actual production in units Variable-overhead spending variance Variable-overhead efficiency variance Fixed-overhead budget variance Fixed-overhead volume variance Total actual overhead Total budgeted overhead (flexible budget) Total budgeted overhead (static budget) Total applied overhead 9.00 3 S 50,000 25,000 24,000 72,000 Unfavorable 192,000...
You brought your work home one evening, and your nephew spilled his chocolate milk shake on the variance report you were preparing. Fortunately, knowing that overhead was applied based on machine hours, you were able to reconstruct the obliterated information from the remaining data. Fill in the missing numbers below. (Round your per machine hour and per unit answers to two decimal places. Indicate the effect of the variance by selecting "Positive" or "Negative". Select "None" and enter "O" for...
8-38 Overhead variance, missing information. Consider the following two situations—cases A and B independently. Data refer to operations for April 2017. For each situation, assume standard costing. Also assume the use of a flexible budget for control of variable and fixed manufacturing overhead based on machine-hours. Cases A B (1) Fixed manufacturing overhead incurred $ 84,920 $23,180 (2) Variable manufacturing overhead incurred $120,400 (3) Denominator level in machine-hours 1,000 (4) Standard machine-hours allowed for actual output achieved 6,200 (5) Fixed...
Crystal Glassware Company has the following standards and flexible-budget data. Standard variable-overhead rate Standard quantity of direct labor Budgeted fixed overhead Budgeted output $ 6.00 per direct-labor hour 2 hours per unit of output $144,000 24,000 units Actual results for April are as follows: 1 + Actual output Actual variable overhead Actual fixed overhead Actual direct labor 17,000 units $306,000 $141,000 50,000 hours Required: Use the variance formulas to compute the following variances. (Indicate the effect of each variance by...
Crystal Glassware Company has the following standards and flexible-budget data. Standard variable-overhead rate Standard quantity of direct labor Budgeted fixed overhead Budgeted output $ 19 per direct - labor hour 2.2 hours per unit of output $400, eee 30,units Actual results for April are as follows: Actual output Actual variable overhead Actual fixed overhead Actual direct labor 19,808 units $1,025, 150 $ 341,800 50, 500 hours Required: Use the following diagrams below (similar to Exhibit 11-6 and Exhibit 11-8 to...
You brought your work home one evening, and your nephew spilled his chocolate milk shake on the variance report you were preparing. Fortunately, knowing that overhead was applied based on machine hours, you were able to reconstruct the obliterated information from the remaining data. Fill in the missing numbers below. (Round your per machine hour and per unit answers to two decimal places. Indicate the effect of the variance by selecting "Positive" or "Negative". Select "None" and enter "O" for...
Norwall Company's budgeted variable manufacturing overhead cost iS $1.95 per machine-hour and its budgeted fixed manufacturing overhead is $51,336 per month. The following information is available for a recent month: a. The denominator activity of 28,520 machine-hours is used to compute the predetermined overhead rate b. At a denominator activity of 28,520 machine-hours, the company should produce 12,400 units of product. C. The company's actual operating results were Number of units produced Actual machine-hours Actual variable manufacturing overhead cost Actual...
2.
The following data have been provided by Lopus Corporation: Budgeted production Standard machine-hours per unit Standard lubricants Standard supplies 4,000 units 4.1 machine-hours 5.60 per machine-hour 4.30 per machine-hour $ $ Actual production Actual machine-hours Actual lubricants (total) Actual supplies (total) 4,300 units 9,480 machine-hours $ 54,833 $40,239 Required: Compute the variable overhead rate variances for lubricants and for supplies. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect...
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