Given for Umbrella Corporation's variable manufacturing overhead costs: $2,500 favorable flexible-budget variance; $2,500 unfavorable efficiency variance....
Given for Umbrella Corporation's variable manufacturing overhead costs: $2,500 favorable flexible-budget variance; $2,500 unfavorable efficiency variance. The spending variance is closest to:
a.
$0
b.
$5,000 F
c.
$5,000 U
d.
Indeterminate
Homework Answers
Answer is “$5,000 F”
Variable Overhead Flexible Budget Variance = $2,500
Favorable
Variable Overhead Efficiency Variance = $2,500 Unfavorable
Variable Overhead Flexible Budget Variance = Variable Overhead
Spending Variance + Variable Overhead Efficiency Variance
$2,500 Favorable = Variable Overhead Spending Variance + $2,500
Unfavorable
Variable Overhead Spending Variance = $2,500 Favorable - $2,500
Unfavorable
Variable Overhead Spending Variance = $5,000 Favorable
Add Answer to:
Given for Umbrella Corporation's variable manufacturing overhead
costs: $2,500 favorable flexible-budget variance; $2,500
unfavorable efficiency variance....
Data Table Total Flexible Budget Product Cost Variance Total Direct Materials Variance Total Manufacturing Overhead Variance...
Data Table Total Flexible Budget Product Cost Variance Total Direct Materials Variance Total Manufacturing Overhead Variance (0) Total Direct Labor Variance (c) Direct Labor Direct Labor Cost Variance Efficiency Variance $ 180 U $ 305 F (b) Direct Materials Efficiency Variance $ 145 U Direct Materials Cost Variance $ 520 F Total Variable Overhead Variance Total Fixed Overhead Variant Fixed Overhead (e) Variable Overhead Cost Variance 5750 Variable Overhead Efficiency Variance $ 600 F Cost Variance $ 125 F Print...
Alden Company uses a three-variance analysis for factory overhead variances. Practical capacity i...
Alden Company uses a three-variance analysis for factory overhead variances. Practical capacity is defined as 26 setups and 26,000 machine hours to manufacture 6,500 units for the year. Selected data for 2019 follow Budgeted fixed factory overhead: $ 54,600 178,000 Setup cost Other $232,600 $481,000 Total factory overhead cost incurred Variable factory overhead rate: $ 400 $6.00 30,000 34,500 Per setup Per machine hour Total standard machine hours allowed for the units manufactured Machine hours actually worked Actual total number...
Required: What is the flexible-budget variance for variable manufacturing overhead! Skizone Company's 4-Variance Analysis: Spending Variance...
Required: What is the flexible-budget variance for variable manufacturing overhead! Skizone Company's 4-Variance Analysis: Spending Variance Efficiency Variance Production- Volume Variance Variable overhead S6400 F Fixed overhead (a) 2 $13.000 U No variance $46.000 US Required: If Skizone's combined 4-Variance Analysis shows an unfavorable spending varian S2000, what is the fixed overhead spending variance (a)? Chapters porta Achel ARXAS 81760 AQXSK 065 x LAZ 12500 3R - SE
Skizone Company's 4 - Variance Analysis: Efficiency Variance Spending Variance $7,000 F Variable overhead Fixed overhead...
Skizone Company's 4 - Variance Analysis: Efficiency Variance Spending Variance $7,000 F Variable overhead Fixed overhead $17,000 U No variance Production - Volume Variance No variance $48,000 U (a) If Skizone's combined 4 - Variance Analysis shows an unfavorable spending variance of $2,000, what is the fixed overhead spending variance (a)? O A. $5,000 unfavorable O B. $9,000 unfavorable C. $5,000 favorable OD. $9,000 favorable
Alden Company uses a three-variance analysis for factory overhead variances. Practical capacity is defined as 32...
Alden Company uses a three-variance analysis for factory overhead variances. Practical capacity is defined as 32 setups and 32,000 machine hours to manufacture 6,400 units for the year. Selected data for 2019 follow: $ 102,400 174,000 $276,400 $496,000 Budgeted fixed factory overhead: Setup cost Other Total factory overhead cost incurred Variable factory overhead rate: Per setup Per machine hour Total standard machine hours allowed for the units manufactured Machine hours actually worked Actual total number of setups Actual number of...
Alden Company uses a three-variance analysis for factory overhead variances. Practical capacity is defined as 28...
Alden Company uses a three-variance analysis for factory
overhead variances. Practical capacity is defined as 28 setups and
28,000 machine hours to manufacture 5,600 units for the year.
Selected data for 2019 follow:
Budgeted fixed factory overhead:
Setup cost
$
84,000
Other
186,000
$
270,000
Total factory overhead cost incurred
$
490,000
Variable factory overhead rate:
Per setup
$
850
Per machine hour
$
5.00
Total standard machine hours allowed for the units
manufactured
25,000
hours
Machine hours actually worked...
Requirement Fill in the blanks. Use F for favorable and U for unfavorable: (Click the icon...
Requirement Fill in the blanks. Use F for favorable and U for unfavorable: (Click the icon to view the table.) Nivola, Inc., produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August 2017: Variable Fixed Actual costs incurred $31,500 $13,500 Costs allocated to products 35,000 15,400 Flexible budget 14,400 Actual input x budgeted rate 30,800 Variable Fixed (1) Spending variance (2) Efficiency variance (3) Production-volume variance (4) Flexible-budget variance (5) Underallocated (overallocated) manufacturing...
ABC Company has the following standards and flexible budget data: Standard Variable Overhead Rate $5.40 Per...
ABC Company has the following standards and flexible budget data: Standard Variable Overhead Rate $5.40 Per direct labour hour Standard quantity of direct labor $1.80 hours per unit of output Budgeted fixed overhead rate $100,000 Budgeted Output 25,000 units Standard Variable Overhead $10.80 per unit Standard Fixed Overhead $3.60 per unit Actual Results for November are given below: Actual Output 30,000 units Actual variable overhead $360,000 Actual Fixed Overhead $106,000 Actual Direct Labor 56,000 hours REQUIRED: A) Variable manufacturing overhead...
Calculate the variances and identify whether the variance is favorable (F) or unfavorable (U).
Complete the table below for the missing variances Calculate the variances and identify whether the variance is favorable (F) or unfavorable (U). (b) Total Direct Materials Variance (c) Total Direct Labor Variance (e) Total Variable Overhead Variance (f) Total Fixed Overhead Variance (d) Total Manufacturing Overhead Variance (a) Total Flexible Budget Product Cost Variance
Alden Company uses a three-variance analysis for factory overhead variances. Practical capacity is defined as 20...
Alden Company uses a three-variance analysis for factory overhead variances. Practical capacity is defined as 20 setups and 20,000 machine hours to manufacture 5,000 units for the year. Selected data for 2019 follow: Budgeted fixed factory overhead: Setup cost $ 57,000 Other 184,000 $ 241,000 Total factory overhead cost incurred $ 491,000 Variable factory overhead rate: Per setup $ 800 Per machine hour $ 6.00 Total standard machine hours allowed for the units manufactured 24,000 hours Machine hours actually worked...
Data Table Total Flexible Budget Product Cost Variance Total Direct Materials Variance Total Manufacturing Overhead Variance (0) Total Direct Labor Variance (c) Direct Labor Direct Labor Cost Variance Efficiency Variance $ 180 U $ 305 F (b) Direct Materials Efficiency Variance $ 145 U Direct Materials Cost Variance $ 520 F Total Variable Overhead Variance Total Fixed Overhead Variant Fixed Overhead (e) Variable Overhead Cost Variance 5750 Variable Overhead Efficiency Variance $ 600 F Cost Variance $ 125 F Print...
Alden Company uses a three-variance analysis for factory overhead variances. Practical capacity is defined as 26 setups and 26,000 machine hours to manufacture 6,500 units for the year. Selected data for 2019 follow Budgeted fixed factory overhead: $ 54,600 178,000 Setup cost Other $232,600 $481,000 Total factory overhead cost incurred Variable factory overhead rate: $ 400 $6.00 30,000 34,500 Per setup Per machine hour Total standard machine hours allowed for the units manufactured Machine hours actually worked Actual total number...
Required: What is the flexible-budget variance for variable manufacturing overhead! Skizone Company's 4-Variance Analysis: Spending Variance Efficiency Variance Production- Volume Variance Variable overhead S6400 F Fixed overhead (a) 2 $13.000 U No variance $46.000 US Required: If Skizone's combined 4-Variance Analysis shows an unfavorable spending varian S2000, what is the fixed overhead spending variance (a)? Chapters porta Achel ARXAS 81760 AQXSK 065 x LAZ 12500 3R - SE
Skizone Company's 4 - Variance Analysis: Efficiency Variance Spending Variance $7,000 F Variable overhead Fixed overhead $17,000 U No variance Production - Volume Variance No variance $48,000 U (a) If Skizone's combined 4 - Variance Analysis shows an unfavorable spending variance of $2,000, what is the fixed overhead spending variance (a)? O A. $5,000 unfavorable O B. $9,000 unfavorable C. $5,000 favorable OD. $9,000 favorable
Alden Company uses a three-variance analysis for factory overhead variances. Practical capacity is defined as 32 setups and 32,000 machine hours to manufacture 6,400 units for the year. Selected data for 2019 follow: $ 102,400 174,000 $276,400 $496,000 Budgeted fixed factory overhead: Setup cost Other Total factory overhead cost incurred Variable factory overhead rate: Per setup Per machine hour Total standard machine hours allowed for the units manufactured Machine hours actually worked Actual total number of setups Actual number of...
Alden Company uses a three-variance analysis for factory
overhead variances. Practical capacity is defined as 28 setups and
28,000 machine hours to manufacture 5,600 units for the year.
Selected data for 2019 follow:
Budgeted fixed factory overhead:
Setup cost
$
84,000
Other
186,000
$
270,000
Total factory overhead cost incurred
$
490,000
Variable factory overhead rate:
Per setup
$
850
Per machine hour
$
5.00
Total standard machine hours allowed for the units
manufactured
25,000
hours
Machine hours actually worked...
Requirement Fill in the blanks. Use F for favorable and U for unfavorable: (Click the icon to view the table.) Nivola, Inc., produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August 2017: Variable Fixed Actual costs incurred $31,500 $13,500 Costs allocated to products 35,000 15,400 Flexible budget 14,400 Actual input x budgeted rate 30,800 Variable Fixed (1) Spending variance (2) Efficiency variance (3) Production-volume variance (4) Flexible-budget variance (5) Underallocated (overallocated) manufacturing...
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