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Note: Show favorable variances as negative numbers What was the variable overhead efficiency variance ? What...
PART 6 Standard Job Order Costing Variance Analys is Special order lamps are manufactured in division S. Because of the...
PART 6 Standard Job Order Costing Variance Analys is Special order lamps are manufactured in division S. Because of the precise nature of the process a standard cost system has been developed. The following standards are used for the special orders: Standards $16.000000 per lamp 2.400000 per lamp (4 lamps/hr.) 0.250000 per lamp (4 lamps/hr.) 10.000000 per lamp S 28.650000 Lamp Kits Direct Labor Variable Overhead *Fixed Overhead Total *Fixed overhead is based on expected production of 4,014 customized each...
F G H Variance Analysis 12 Special order lamps are manufactured in division S. Because of...
F G H Variance Analysis 12 Special order lamps are manufactured in division S. Because of the precise nature of the process a 19 standard cost system has been developed. The following standards are used for the special orders: 20 21 . Standards Lamp Kits Direct Labor Variable Overhead * Fixed Overhead Total $ 16.000000 per lamp 2.400000 per lamp (4 lamps/hr.) 0.250000 per lamp (4 lamps/hr.) 10.000000 per lamp $ 28.650000 33 34 41 42 ** Fixed overhead is...
To keep records of the actual cost of a special order job, a Job Order Cost...
To keep records of the actual cost of a special order job, a Job Order Cost System has been developed. Overhead is applied at the rate of 50% of the direct labor cost. Job Order Costing Section On January 1, 20x2, Division S began Job 2407 for the Client, THE BIG CHILDREN STORE. The job called for 4,000 customized lamps. The following set of transactions occurred from January 5 until the job was completed: 5-Jan Purchased 4,225 Lamp Kits @...
Job Order Costing To keep records of the actual cost of a special order job, a...
Job Order Costing To keep records of the actual cost of a special order job, a Job Order Cost System has been developed. Overhead is applied at the rate of 50% of the direct labor cost. Job Order Costing Section On January 1, 20x2, Division S began Job 2407 for the Client, THE BIG CHILDREN STORE. The job called for 4,000 customized lamps. The following set of transactions occurred from January 5 until the job was completed: 5-Jan Purchased 4,200...
PART 5 Job Order Costing To keep records of the actual cost of a special order...
PART 5 Job Order Costing To keep records of the actual cost of a special order icb, a Job Order Cost System has been developed Overhead is applied at the rate of 50% of the direct labor cost. Job Order Costing Section On January 1, 20x2. Division S began Job 2407 for the client. THE BIG CHILDREN STORE. The job called for 4,000 customized lamps. The following set of transactions occurred from January 5 until the job was completed: 5-Jan...
Can you please help with the following? PART 4 Process Costing - Weighted Average General Information...
Can you please help with the following? PART 4 Process Costing - Weighted Average General Information The I See The Light Company has a related company that produces the figurines. They use process costing in the molding department. The factory overhead is applied at a rate of 50% of direct labor dollars. The material is added at the beginning of the process. The labor and overhead costs are assumed to be added uniformly throughout. Month of January Selected information for...
May I have help finding the variable spending variance, fixed overhead volume variance, and fixed overhead...
May I have help finding the variable spending variance, fixed
overhead volume variance, and fixed overhead spending variance? I
am confused as to what to multiply and divide by...
QUESTION 1 1 points Save Answer H.D. Samuelson Inc. 2015 Production Budget Budgeted production: 5,000 units (5,000 kits @ $13.00/kit) (5,000 hrs. @ $13.00/hr.) Materials Direct Labor Fixed overhead costs Variable overhead costs $65,000 $65,000 $650,000 $700,000 Note: Both fixed and variable overhead allocation are based on labor hours H.D. Samuelson...
Q5. What is the direct material efficiency variance? _________ Show calculation below. Q6. Given the info...
Q5. What is the direct material
efficiency variance? _________ Show calculation below.
Q6. Given the info above, what is the
direct labor rate variance? _________ Show calculation below.
Q7. Given the info above, the fixed
overhead controllable variance is: _________ Show calculation
below.
Q8. What is the variable overhead
controllable variance? _________ Show calculation below.
Rogen uses the standard cost system. The Static original budgeted production was 5,000 units for October. The Input standards were: Std Quantity x Std Price...
Choose the correct bolded choices to complete the sentences. The variable overhead cost variance is (favorable,...
Choose the correct bolded choices to complete the
sentences.
The variable overhead cost variance is (favorable,
unfavorable) because Longman actually spent (less,
more) than budgeted.
The variable overhead efficiency variance is (favorable,
unfavorable) because the actual hours used was
(more, less) than budgeted.
The fixed overhead cost variance is (favorable,
unfavorable) because Longman actually spent (less,
more) than budgeted for fixed overhead.
The fixed overhead volume variance is (favorable,
unfavorable) because Longman allocated (more,
less) overhead to jobs than the...
1. Variable overhead spending? 2. Variable overhead efficiency variance? 3. Total variable overhead variance? 4. Fixed...
1. Variable overhead spending?
2. Variable overhead efficiency variance?
3. Total variable overhead variance?
4. Fixed overhead spending variance?
5. Fixed overhead volume variance?
6. Total fixed overhead variance?
Montreal Inc. manufactures garden hoses for large stores. The standard costs for a dozen garden hoses are as follows: Direct materials Direct labour 24 m x $2 per metre = $48.00 3.40 hours x $12 per hour = $40.80 During February, Montreal Inc. worked on three separate orders of garden hoses....
PART 6 Standard Job Order Costing Variance Analys is Special order lamps are manufactured in division S. Because of the precise nature of the process a standard cost system has been developed. The following standards are used for the special orders: Standards $16.000000 per lamp 2.400000 per lamp (4 lamps/hr.) 0.250000 per lamp (4 lamps/hr.) 10.000000 per lamp S 28.650000 Lamp Kits Direct Labor Variable Overhead *Fixed Overhead Total *Fixed overhead is based on expected production of 4,014 customized each...
F G H Variance Analysis 12 Special order lamps are manufactured in division S. Because of the precise nature of the process a 19 standard cost system has been developed. The following standards are used for the special orders: 20 21 . Standards Lamp Kits Direct Labor Variable Overhead * Fixed Overhead Total $ 16.000000 per lamp 2.400000 per lamp (4 lamps/hr.) 0.250000 per lamp (4 lamps/hr.) 10.000000 per lamp $ 28.650000 33 34 41 42 ** Fixed overhead is...
To keep records of the actual cost of a special order job, a Job Order Cost System has been developed. Overhead is applied at the rate of 50% of the direct labor cost. Job Order Costing Section On January 1, 20x2, Division S began Job 2407 for the Client, THE BIG CHILDREN STORE. The job called for 4,000 customized lamps. The following set of transactions occurred from January 5 until the job was completed: 5-Jan Purchased 4,225 Lamp Kits @...
Job Order Costing To keep records of the actual cost of a special order job, a Job Order Cost System has been developed. Overhead is applied at the rate of 50% of the direct labor cost. Job Order Costing Section On January 1, 20x2, Division S began Job 2407 for the Client, THE BIG CHILDREN STORE. The job called for 4,000 customized lamps. The following set of transactions occurred from January 5 until the job was completed: 5-Jan Purchased 4,200...
PART 5 Job Order Costing To keep records of the actual cost of a special order icb, a Job Order Cost System has been developed Overhead is applied at the rate of 50% of the direct labor cost. Job Order Costing Section On January 1, 20x2. Division S began Job 2407 for the client. THE BIG CHILDREN STORE. The job called for 4,000 customized lamps. The following set of transactions occurred from January 5 until the job was completed: 5-Jan...
May I have help finding the variable spending variance, fixed
overhead volume variance, and fixed overhead spending variance? I
am confused as to what to multiply and divide by...
QUESTION 1 1 points Save Answer H.D. Samuelson Inc. 2015 Production Budget Budgeted production: 5,000 units (5,000 kits @ $13.00/kit) (5,000 hrs. @ $13.00/hr.) Materials Direct Labor Fixed overhead costs Variable overhead costs $65,000 $65,000 $650,000 $700,000 Note: Both fixed and variable overhead allocation are based on labor hours H.D. Samuelson...
Q5. What is the direct material
efficiency variance? _________ Show calculation below.
Q6. Given the info above, what is the
direct labor rate variance? _________ Show calculation below.
Q7. Given the info above, the fixed
overhead controllable variance is: _________ Show calculation
below.
Q8. What is the variable overhead
controllable variance? _________ Show calculation below.
Rogen uses the standard cost system. The Static original budgeted production was 5,000 units for October. The Input standards were: Std Quantity x Std Price...
Choose the correct bolded choices to complete the
sentences.
The variable overhead cost variance is (favorable,
unfavorable) because Longman actually spent (less,
more) than budgeted.
The variable overhead efficiency variance is (favorable,
unfavorable) because the actual hours used was
(more, less) than budgeted.
The fixed overhead cost variance is (favorable,
unfavorable) because Longman actually spent (less,
more) than budgeted for fixed overhead.
The fixed overhead volume variance is (favorable,
unfavorable) because Longman allocated (more,
less) overhead to jobs than the...
1. Variable overhead spending?
2. Variable overhead efficiency variance?
3. Total variable overhead variance?
4. Fixed overhead spending variance?
5. Fixed overhead volume variance?
6. Total fixed overhead variance?
Montreal Inc. manufactures garden hoses for large stores. The standard costs for a dozen garden hoses are as follows: Direct materials Direct labour 24 m x $2 per metre = $48.00 3.40 hours x $12 per hour = $40.80 During February, Montreal Inc. worked on three separate orders of garden hoses....
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