Question

Crystal Glassware Company has the following standards and flexible-budget data. Standard variable-overhead rate Standard quantity of direct labor Budgeted fixed overhead Budgeted output $ 19 per direct - labor hour 2.2 hours per unit of output $400, eee 30,units Actual results for April are as follows: Actual output Actual variable overhead Actual fixed overhead Actual direct labor 19,808 units $1,025, 150 $ 341,800 50, 500 hours Required: Use the following diagrams below (similar to Exhibit 11-6 and Exhibit 11-8 to compute (1) the variable-overhead spending and efficiency variances, and (2) the fixed-overhead budget and volume variances. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the fixed-overhead budget and volume variances. (Round your "per hour" rate answers to 2 decimal places. Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "o" for no effect i.e., zero variance).) Fixed-Overhead Budget And Volume Variances (Hours = Direct-Labor Hours) Actual Fixed Overhead Budgeted Fixed Overhead Fixed Overhead Applied To Work In Process Standard Allowed Hours Standard Fixed- Overhead Rate 38.000 hours 20.30 per hour 771.400 Fixed-overhead budget variance Fixed-overhead volume variance < Required 1 Required 2 >

Answer 1

Learning Series - Maths Lab Manuel Activity No Date. Ti Varielle overhead Ediciemen = (actual Labour hour budgeted Labour hour) x hourly Rate Sour stel. Van olH = = (50,500 - 38000) x 19 19,560 x 19 = $937,500 (un favourable) Stel, hown fost = actual unit - x 1900 3 8 cro & Hour Love one unit i Jariable oven head spending Variancez - (Stai variable o H Rate - Actual variable o/14 Rade) x Actual stands Produced. Labour Hours. = = (19-20.3) 5050 $(1-3) & 5050 = 65,650 (unfavoumeny Actual variable o/h Rate = variable Actual, oll Actual direchou $1,025,15% 50,500 20.3 Teacher's Signature. .....

ed overhead volume variance = 'applied fixed overhead - Budgeded fixed overhead $253,270 - $400,000 $146,730 (fqueunable) * fixed over head application Rate = $400, o oto 30, oro $13.33 Applied fixed overhead = 1900 x 13.33 = 253,270

by No... I Date. fixed overhead budget variance budgeted fixed overhead - Actual fixed olk – 400, ow - 341,000 59,000 (Equourable)