Question

All-Star, Inc. uses a standard cool system and provides the following information Click the icon to view the information.) Al-Star allocates manufacturing overhead to production based on standard direct labor hours. All-Star reported the folowing actual results for 2018 actual number af units produced, 1.000; actual variable overhead $3.800. actuaixed overhead, 53.400: actual direct labor hours, 1,500 Read the points Requirement 1. Compute the variable overhead cost and efficiency vanances and food overhead cost and volume variances Begin with the variable overhead cost and efficiency vanances Select the required formulas compute the variable overhead cost and oticiency variances, and identity whether cach variance is favorable For unfavorable (U) Abbreviations used: AC - actual cost: AQ - actual quantity, FOH fred overhead: SC - standard cost: 80 standard quantity, VOH-variable Overhead) Famula Data Table - X VOH cost variance (AC-SC) AB OH efficiency variance - (AQ - SQ)XSC Stalic budget variable overhead $ 2200 Static budget med overhead 3.300 Stabic budget direct labor hours 1,100 hours Stalic budget number of units 550 units Standard direct labor hours 2 hours per unit Print Done oose from any list or enter any number in the input fields and then click Check A parts remaining Clear All Check Answer

Answer 1

Solution Actuo Static 3tondord Units poduce d 550 ,000 1000 OLH Morioble 3,&00 2200 4,000 GiKod 3,300 3,400 Go00 D.Labour hours (He) 2,000 AC SC) AQ () Noricble (ast vorione (2.800 200 550 X000 fovouralle) B 200 (AQ-S)SC V. OI epfic ene Vorianie (1500- 2000x 2 B100 0 - AC-SC kiD fixed olH (ast Voronre ACE 34oo Bud f. 01u Ac Unih Bud. Unit 600o 5S0 1000 3300 3u0o 6000 2600 Cavourotk 6O00 1 $200 (UnPouavrebe