Homework Answers
a. $988 unfavorable
Amount of the fixed factory overhead volume variance = [10,000 hrs - (2,900 units x 3 hrs/unit)] x $0.76
Amount of the fixed factory overhead volume variance = $988 unfavorable
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The standard costs and actual costs for factory overhead for the manufacture of 2,900 units of...
The standard costs and actual costs for factory overhead for the manufacture of 2,700 units of...
The standard costs and actual costs for factory overhead for the manufacture of 2,700 units of actual production are as follows: Standard Costs Fixed overhead (based on 10,000 hours) 3 hours per unit @ $0.76 per hour Variable overhead 3 hours per unit @ $2.02 per hour Actual Costs Total variable cost, $18,200 Total fixed cost, $8,100 The amount of the total factory overhead cost variance is a.$4,726 favorable b.$3,282 favorable c.$3,282 unfavorable d.$1,838 unfavorable
22 - Quiz The standard costs and actual costs for factory overhead for the manufacture of...
22 - Quiz The standard costs and actual costs for factory overhead for the manufacture of 2,800 units of actual production are as follows: Standard Costs Fixed overhead (based on 10,000 hours) 3 hours per unit @ $0.74 per hour Variable overhead 3 hours per unit @ $1.95 per hour Actual Costs Total variable cost, $17,800 Total fixed cost, $8,000 The amount of the variable factory overhead controllable variance is Ca. $1,136 favorable ob. $1,420 favorable c. $1,420 unfavorable d....
The standard costs and actual costs for factory overhead for the manufacture of 2,700 units of...
The standard costs and actual costs for factory overhead for the manufacture of 2,700 units of actual production are as follows: Standard Costs 3 hours per unit $0.72 per hour 3 hours per unit@ $2.08 per hour Fixed overhead (based on 10,000 hours) Variable overhead Actual Costs Total variable cost, $18,000 Total fixed cost, $8,200 The amount of the fixed factory overhead volume variance is Oa. $1,368 unfavorable ob. $1,094 unfavorable OC. $0 cd. $1,094 favorable Prevous Next
A. The standard costs and actual costs for direct materials for the manufacture of 2,240 actual...
A. The standard costs and actual costs for direct materials for the manufacture of 2,240 actual units of product are as follows: Standard Costs Direct materials 2,240 kilograms @$8.60 Actual Costs Direct materials 2,300 kilograms The direct materials quantity variance is? Choose the correct answer below $413 favorable $516 unfavorable $516 favorable $413 unfavorable B. The following data relate to direct labor costs for the current period: Standard costs 7,200 hours at $11.30 Actual costs 6,400 hours at $10.80 What...
Use this information to answer the question that follow. The standard costs and actual costs for...
Use this information to answer the question that follow. The standard costs and actual costs for factory overhead for the manufacture of 2,600 units of actual production are as follows Fixed overhead (based on 10,000 hours) Variable overhead 3 hours per unit$0.75 per hour 3 hours per unit $1.95 per hour Total variable cost, $18,200 Total fixed cost, $8,200 The fixed factory overhead volume variance is Oa. $1,320 unfavorable Ob. $0 Oc.$1,650 unfavorable Od. $1,320 favorable
The standard costs and actual costs for direct materials for the manufacture of 2,900 actual units...
The standard costs and actual costs for direct materials for the manufacture of 2,900 actual units of product are Standard Costs Direct materials (per completed unit) 1,040 kilograms @$8.82 Actual Costs Direct materials Round your final answer to the nearest dollar. 2,900 kilograms @ $8.00 The amount of direct materials price variance is oa. $853 favorable ob. $2,378 favorable OC. $853 unfavorable od. $2,378 unfavorable
The following information is for the standard and actual costs for the Happy Corporation: Enter favorable...
The following information is for the standard and actual costs for the Happy Corporation: Enter favorable variances as negative numbers. Standard Costs: Budgeted units of production - 16,000 [80% (or normal) capacity] Standard labor hours per unit - 4 Standard labor rate - $26 per hour Standard material per unit - 8 lbs. Standard material cost - $12 per pound Standard variable overhead rate - $15 per labor hour Budgeted fixed overhead - $640,000 Fixed overhead rate is based on...
Direct Materials, Direct Labor, and Reports budgeted and actual costs for variable and fixed factory overhead...
Direct Materials, Direct Labor, and Reports budgeted and actual costs for variable and fixed factory overhead along with the related controllable and volume variances.Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. A detailed estimate of what a product should cost.Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 70,000 units of product were as follows: Standard Costs Actual Costs Direct materials 189,000 lbs. at $6.00 187,100...
Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of...
Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 8,000 computers: Actual: Variable factory overhead $166,800 Fixed factory overhead 45,500 Standard: 8,000 hrs. at $25 200,000 If productive capacity of 100% was 13,000 hours and the total factory overhead cost budgeted at the level of 8,000 standard hours was $217,500, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate...
The following data relate to factory overhead cost for the production of 6,000 computers: Actual: Variable...
The following data relate to factory overhead cost for the production of 6,000 computers: Actual: Variable factory overhead $97,500 Fixed factory overhead 42,500 Standard: 6,000 hrs. at $21 126,000 If productive capacity of 100% was 10,000 hours and the total factory overhead cost budgeted at the level of 6,000 standard hours was $143,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $4.25 per hour....
22 - Quiz The standard costs and actual costs for factory overhead for the manufacture of 2,800 units of actual production are as follows: Standard Costs Fixed overhead (based on 10,000 hours) 3 hours per unit @ $0.74 per hour Variable overhead 3 hours per unit @ $1.95 per hour Actual Costs Total variable cost, $17,800 Total fixed cost, $8,000 The amount of the variable factory overhead controllable variance is Ca. $1,136 favorable ob. $1,420 favorable c. $1,420 unfavorable d....
The standard costs and actual costs for factory overhead for the manufacture of 2,700 units of actual production are as follows: Standard Costs 3 hours per unit $0.72 per hour 3 hours per unit@ $2.08 per hour Fixed overhead (based on 10,000 hours) Variable overhead Actual Costs Total variable cost, $18,000 Total fixed cost, $8,200 The amount of the fixed factory overhead volume variance is Oa. $1,368 unfavorable ob. $1,094 unfavorable OC. $0 cd. $1,094 favorable Prevous Next
A. The standard costs and actual costs for direct materials for the manufacture of 2,240 actual units of product are as follows: Standard Costs Direct materials 2,240 kilograms @$8.60 Actual Costs Direct materials 2,300 kilograms The direct materials quantity variance is? Choose the correct answer below $413 favorable $516 unfavorable $516 favorable $413 unfavorable B. The following data relate to direct labor costs for the current period: Standard costs 7,200 hours at $11.30 Actual costs 6,400 hours at $10.80 What...
Use this information to answer the question that follow. The standard costs and actual costs for factory overhead for the manufacture of 2,600 units of actual production are as follows Fixed overhead (based on 10,000 hours) Variable overhead 3 hours per unit$0.75 per hour 3 hours per unit $1.95 per hour Total variable cost, $18,200 Total fixed cost, $8,200 The fixed factory overhead volume variance is Oa. $1,320 unfavorable Ob. $0 Oc.$1,650 unfavorable Od. $1,320 favorable
The standard costs and actual costs for direct materials for the manufacture of 2,900 actual units of product are Standard Costs Direct materials (per completed unit) 1,040 kilograms @$8.82 Actual Costs Direct materials Round your final answer to the nearest dollar. 2,900 kilograms @ $8.00 The amount of direct materials price variance is oa. $853 favorable ob. $2,378 favorable OC. $853 unfavorable od. $2,378 unfavorable
The following information is for the standard and actual costs for the Happy Corporation: Enter favorable variances as negative numbers. Standard Costs: Budgeted units of production - 16,000 [80% (or normal) capacity] Standard labor hours per unit - 4 Standard labor rate - $26 per hour Standard material per unit - 8 lbs. Standard material cost - $12 per pound Standard variable overhead rate - $15 per labor hour Budgeted fixed overhead - $640,000 Fixed overhead rate is based on...
The following data relate to factory overhead cost for the production of 6,000 computers: Actual: Variable factory overhead $97,500 Fixed factory overhead 42,500 Standard: 6,000 hrs. at $21 126,000 If productive capacity of 100% was 10,000 hours and the total factory overhead cost budgeted at the level of 6,000 standard hours was $143,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $4.25 per hour....
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