Question

QS 23-13 Controllable overhead variance LO P3 Fogel Co. expects to produce 109,000 units for the year. The companys flexible
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer:

Flexible Budget Flexible Budget at
Variable amount per unit Total fixed cost 109,000 units 103,000 units
Variable costs(152600/109000)                     1.40            1,52,600            1,44,200
Fixed costs           1,25,000            1,25,000            1,25,000
Total flexible budget            2,77,600            2,69,200
Controllbale overhead variance
Total actual overhead cost              2,61,800
Total flexible budget amount              2,69,200
Controllbale overhead variance                   7,400 Favorable
Add a comment
Know the answer?
Add Answer to:
QS 23-13 Controllable overhead variance LO P3 Fogel Co. expects to produce 109,000 units for the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • QS 23-13 Controllable overhead variance LO P3 Fogel Co expects to produce 109.000 units for the...

    QS 23-13 Controllable overhead variance LO P3 Fogel Co expects to produce 109.000 units for the year. The company's flexible budget for 109,000 units of production shows variable overhead costs of $152,600 and fixed overhead costs of $125,000 For the year, the company incurred actual overhead costs of $261,800 while producing 103,000 units Compute the controllable overhead variance and classify it as favorable or unfavorable. (Round cost per unit to 2 decimal places.) Flexible Budget. Flexible Budget at Variable Amount...

  • QS 8-13 Controllable overhead variance LO P3 Fogel Co. expects to produce 122.000 units for the...

    QS 8-13 Controllable overhead variance LO P3 Fogel Co. expects to produce 122.000 units for the year. The company's flexible budget for 122,000 units of production shows variable overhead costs of $170,800 and fixed overhead costs of $125,000. For the year, the company incurred actual overhead costs of $253,800 while producing 116,000 units Compute the controllable overhead variance and classify it as favorable or unfavorable. (Round cost per unit to 2 decimal places.) - Flexible Budget at Flexible Budget Variable...

  • QS 21-13 Controllable overhead variance LO P3 Fogel Co. expects to produce 102.000 units for the...

    QS 21-13 Controllable overhead variance LO P3 Fogel Co. expects to produce 102.000 units for the year. The company's flexible budget for 102.000 units of production shows variable overhead costs of $142,800 and fixed overhead costs of $127,000. For the year, the company incurred actual overhead costs of $260,800 while producing 96,000 units. Compute the controllable overhead variance and classify it as favorable or unfavorable. (Round cost per unit to 2 decimal places.) ------Flexible Budget at ----- ------Flexible Budget------ Variable...

  • QS 21-13 Controllable overhead variance LO P3 Fogel Co. expects to produce 102,000 units for the...

    QS 21-13 Controllable overhead variance LO P3 Fogel Co. expects to produce 102,000 units for the year. The company's flexible budget for 102.000 units of production shows variable overhead costs of $142,800 and fixed overhead costs of $127,000. For the year, the company incurred actual overhead costs of $260,800 while producing 96,000 units. Compute the controllable overhead variance and classify it as favorable or unfavorable. (Round cost per unit to 2 decimal places.) ------Flexible Budget at ------ ------Flexible Budget----- Variable...

  • Exercise 21-21 Overhead controllable and volume variances; overhead variance report LO P4 James Corp. applies overhead...

    Exercise 21-21 Overhead controllable and volume variances; overhead variance report LO P4 James Corp. applies overhead on the basis of direct labor hours. For the month of May, the company planned production of 10,000 units (80% of its production capacity of 12,500 units) and prepared the following overhead budget: Operating Levels 80% 10,000 25,000 Overhead Budget Production in units Standard direct labor hours Budgeted overhead Variable overhead costs Indirect materials Indirect labor Power Maintenance Total variable costs Fixed overhead costs...

  • Required information Use the following information for the Quick Study below. [The following information applies to...

    Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.] AirPro Corp. reports the following for November. $29,025 $ 2.19 per unit produced Actual total factory overhead incurred Standard factory overhead: Variable overhead Fixed overhead ($12, 460/12, 400 predicted units to be produced) Predicted units to produce Actual units produced $ 1.00 per unit 12,480 units 10,100 units QS 8-14 Controllable overhead variance LO P3 Compute the controllable overhead variance...

  • World Company expects to operate at 80% of its productive capacity of 50,000 units per month....

    World Company expects to operate at 80% of its productive capacity of 50,000 units per month. At this planned level, the company expects to use 24,400 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.610 direct labor hour per unit. At the 80% capacity level, the total budgeted cost includes $53,680 fixed overhead cost and $273,280 variable overhead cost. In the current month, the company incurred $320,000 actual overhead and 21,400 actual...

  • World Company expects to operate at 80% of its productive capacity of 72,500 units per month....

    World Company expects to operate at 80% of its productive capacity of 72,500 units per month. At this planned level, the company expects to use 31,900 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.550 direct labor hour per unit. At the 80% capacity level, the total budgeted cost includes $79,750 fixed overhead cost and $414,700 variable overhead cost. In the current month, the company incurred $488,000 actual overhead and 28,900 actual...

  • World Company expects to operate at 80% of its productive capacity of 68,750 units per month....

    World Company expects to operate at 80% of its productive capacity of 68,750 units per month. At this planned level, the company expects to use 31,900 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.580 direct labor hour per unit. At the 80% capacity level, the total budgeted cost includes $70,180 fixed overhead cost and $405,130 variable overhead cost. In the current month, the company incurred $473,000 actual overhead and 28,900 actual...

  • World Company expects to operate at 70% of its productive capacity of 20,000 units per month....

    World Company expects to operate at 70% of its productive capacity of 20,000 units per month. At this planned level, the company expects to use 11,550 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.825 direct labor hour per unit. At the 70% capacity level, the total budgeted cost includes $23,100 fixed overhead cost and $138,600 variable overhead cost. In the current month, the company incurred $135,860 actual overhead and 7180 actual...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT