1)
Actual Variable OH Cost | Flexible Budget | Standard Cost (VOH applied) | ||||||||
AH | x | AVR | AH | x | SVR | SH | x | SVR | ||
652,000.00 | x | 2.34 | 652,000.00 | x | 2.30 | 689,000.00 | x | 2.30 | ||
1,525,000.00 | 1,499,600.00 | 1,584,700.00 | ||||||||
25,400.00 | 85,100.00 | |||||||||
Variable Overhead Spending Variance | 25,400.00 | Unfavorable | ||||||||
Variable Overhead Efficiency Variance | 85,100.00 | Favorable | ||||||||
Total Variable Overhead Cost Variance | 59,700.00 | Favorable |
2)
Actual Fixed OH Cost | Fixed OH (Fixed Budgeted) | Standard Cost (FOH applied) | ||||||||
SH | x | SfR | ||||||||
689,000.00 | x | 1.20 | ||||||||
954,000.00 | 890,400.00 | 826,800.00 | ||||||||
63,600.00 | 63,600.00 | |||||||||
Fixed Overhead Spending Variance | 63,600.00 | Unfavorable | ||||||||
Fixed Overhead Volume Variance | 63,600.00 | Unfavorable | ||||||||
Total Fixed Overhead Cost Variance | 127,200.00 | Unfavorable |
3)
Controllable Variance | ||
Variable Overhead Spending Variance | 25,400.00 | Unfavorable |
Variable Overhead Efficiency Variance | 85,100.00 | Favorable |
Fixed Overhead Spending Variance | 63,600.00 | Unfavorable |
Controllable Variance | 3,900.00 | Unfavorable |
Use the following information for the Exercises below. [The following information applies to the questions displayed...
Use the following information for the Exercises below. [The following information applies to the questions displayed below] Sedona Company set the following standard costs for one unit of its product for 2017 Direct material (30 lbs. $2.50 per lb.) Direct labor (20 hrs. @ $4.80 per hr.) Factory variable overhead (20 hrs. @ $2.30 per hr.) Factory fixed overhead (20 hrs.@ $1.20 per hr.) $ 75.00 96.00 46.00 24.00 $241.00 Standard cost The $3.50 ($2.30 $1.20) total overhead rate per...
Required information (The following information applies to the questions displayed below.) Sedona Company set the following standard costs for one unit of its product for this year. Direct material (30 lbs. e $2.50 per Ib.) Direct labor (20 hrs. e $4.80 per hr.) Variable overhead (20 hrs. e $2.30 per hr.) Fixed overhead (20 hrs. $1.20 per hr.) Total standard cost $ 75.00 96.00 46.00 24.00 $241.00 The $3.50 ($2.30 + $1.20) total overhead rate per direct labor hour is...
Required Information The following information applies to the questions displayed below) Sedona Company set the following standard costs for one unit of its product for this year. Direct material (30 Ibs. @ $2.50 per Ib.) Direct labor (20 hrs. @ $4.80 per hr.) Variable overhead (20 hrs. @ $2.30 per hr.) Fixed overhead (20 hrs. $1.20 per nr.) Total standard cost $ 75.00 96.00 46.00 24.00 $241.00 The $3.50 ($2.30 + $1.20) total overhead rate per direct labor hour is...
Required information Use the following information for the Exercises below. The following information applies to the questions displayed below) Sedona Company set the following standard costs for one unit of its product for 2017 Direct material (30 lbs. 52.20 per Ib.) Direct labor (10 hrs. @ $4.60 per hr.) Factory variable overhead (10 hrs. @ $3.00 per hr.) Factory fixed overhead (10 hrs. @ $1.50 per hr.) Standard cost $66.00 46.88 30.00 15.00 $157.ee The $4.50 ($3.00+ $1.50) total overhead...
Required Information [The following information applies to the questions displayed below] Sedona Company set the following standard costs for one unit of its product for this year. Direct material (30 lbs. $2.50 per Ib. ) Direct labor (20 hrs. $4.80 per hr.) Variable overhead (20 hrs. $2.30 per hr.) Fixed overhead (20 hrs. $1.20 per hr.) Total standard cost $75.00 96.00 46.00 24.ee $241.00 The $3.50 ($2.30 + $1.20) total overhead rate per direct labor hour is based on an...
Required information Use the following information for the Exercises below. The following information applies to the questions displayed below) rice by selecting for vorable Compute the fed overhead spending and volume variances and classy each farble or dvorableIndicate the effect of each unfavorable and now Round te per un to 2 decimal places) Acad On cost Feed Of Buited Standard Cont rol Sedona Company set the following standard costs for one unit of its product for this year. Direct material...
Required information (The following information applies to the questions displayed below.] Sedona Company set the following standard costs for one unit of its product for this year. Direct material (20 Ibs. $3.30 per Ib.) Direct labor (15 hrs. @ $6.00 per hr.) Variable overhead (15 hrs. @ $2.80 per hr.) Fixed overhead (15 hrs. $1.20 per hr.) Total standard cost $ 66.00 90.00 42.00 18.00 $216.00 The $4.00 ($2.80 + $1.20) total overhead rate per direct labor hour is based...
Required information [The following information applies to the questions displayed below.] Sedona Company set the following standard costs for one unit of its product for 2017. Direct material (20 Ibs. @ $3.20 per Ib.) $ 64.00 Direct labor (10 hrs. @ $8.30 per hr.) 83.00 Factory variable overhead (10 hrs. @ $4.70 per hr.) 47.00 Factory fixed overhead (10 hrs. @ $2.30 per hr.) 23.00 Standard cost $ 217.00 The $7.00 ($4.70 + $2.30) total overhead rate per direct labor...
Required information The following information applies to the questions displayed below) Sedona Company set the following standard costs for one unit of its product for this year Direct material (30 lbs. @ $2.20 per Ib.) Direct labor (10 hrs. @ $4.60 per hr.) Variable overhead (10 hrs. $3.20 per hr.) Fixed overhead (18 hrs. $1.50 per hr.) Total standard cost $ 66. 46.00 30.00 15.00 $157.00 The $4.50 ($3.00 + $1.50) total overhead rate per direct labor hour is based...
[The following information applies to the questions displayed below.] Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. @ $5.10 per Ib.) $ 153.00 Direct labor (4 hrs. @ $15 per hr.) 60.00 Factory overhead—variable (4 hrs. @ $6 per hr.) 24.00 Factory overhead—fixed (4 hrs. @ $11 per hr.) 44.00 Total standard cost $ 281.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity...