Homework Answers
Fixed overhead Spending variance = total spending variance - variable overhead spending variance
= - 2000 - 7000
= $-9000 unfavorable
Option B. is correct answer.
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Skizone Company's 4 - Variance Analysis: Efficiency Variance Spending Variance $7,000 F Variable overhead Fixed overhead...
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
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...
Variances Variable manufacturing overhead Fixed manufacturing overhead Spending $7,800 F $28,100 U Efficiency $40,000 U (A)...
Variances Variable manufacturing overhead Fixed manufacturing overhead Spending $7,800 F $28,100 U Efficiency $40,000 U (A) Volume (B) $86,000 U The total overhead variance should be O A. $146,300 U O B. $161,900 U OC. $146,300 F OD. $161,900 F
Variances Spending Efficiency Volume Variable manufacturing overhead $7,800 F $30,000 U (B) Fixed manufacturing overhead $27,900...
Variances Spending Efficiency Volume Variable manufacturing overhead $7,800 F $30,000 U (B) Fixed manufacturing overhead $27,900 U (A) $90,000 U The total production−volume variance should be ________. A. $117,900 F B. $117,900 U C. $90,000 U D. $90,000 F
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....
Variable Overhead Spending and Efficiency Variances, Columnar and Formula Approaches Aretha Company provided the following information:...
Variable Overhead Spending and Efficiency Variances, Columnar and Formula Approaches Aretha Company provided the following information: Standard variable overhead rate (SVOR) per direct labor hour $4.70 Actual variable overhead costs $335,750 Actual direct labor hours worked (AH) 69,200 Actual production in units 14,000 70,000 Standard hours (SH) allowed for actual units produced Required: 1. Using the columnar approach, calculate the variable overhead spending and efficiency variances. Enter amounts as positive numbers and select Favorable (F) or Unfavorable (U). (1) AH...
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
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...
Static Plexible Volume Purchasing manager Favorable Unfavorable Debit Credit Fixed overhead budget Fixed overhead volune Spending...
Static Plexible Volume Purchasing manager Favorable Unfavorable Debit Credit Fixed overhead budget Fixed overhead volune Spending Production manager Variable overhead rate Variable overhead effieiency Fixed overhead spending Ixed overhead spending 1. A budget is based on a fixed estimate of sales volume. A volume 2. variance represents the difference between actual and expected levels of activity 3. The is typically responsible for the direct materials quantity variance The variable overhead rate variance is 4 when the actual variable overhead rate...
Walkenhorst Company's machining department prepared its 2019 budget based on the following data: 40,000 units 2...
Walkenhorst Company's machining department prepared its 2019 budget based on the following data: 40,000 units 2 Practical capacity Standard machine hours per unit Standard variable factory overhead Budgeted fixed factory overhead $3.00 per machine hour $424,000 The department uses machine hours to apply factory overhead to production. In 2019, the department used 85,800 machine hours and incurred $689,000 in total manufacturing overhead cost to manufacture 42,070 units. Actual fixed overhead cost for the year was $437,000. Required: Determine for the...
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
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...
Variances Variable manufacturing overhead Fixed manufacturing overhead Spending $7,800 F $28,100 U Efficiency $40,000 U (A) Volume (B) $86,000 U The total overhead variance should be O A. $146,300 U O B. $161,900 U OC. $146,300 F OD. $161,900 F
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....
Variable Overhead Spending and Efficiency Variances, Columnar and Formula Approaches Aretha Company provided the following information: Standard variable overhead rate (SVOR) per direct labor hour $4.70 Actual variable overhead costs $335,750 Actual direct labor hours worked (AH) 69,200 Actual production in units 14,000 70,000 Standard hours (SH) allowed for actual units produced Required: 1. Using the columnar approach, calculate the variable overhead spending and efficiency variances. Enter amounts as positive numbers and select Favorable (F) or Unfavorable (U). (1) AH...
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...
Static Plexible Volume Purchasing manager Favorable Unfavorable Debit Credit Fixed overhead budget Fixed overhead volune Spending Production manager Variable overhead rate Variable overhead effieiency Fixed overhead spending Ixed overhead spending 1. A budget is based on a fixed estimate of sales volume. A volume 2. variance represents the difference between actual and expected levels of activity 3. The is typically responsible for the direct materials quantity variance The variable overhead rate variance is 4 when the actual variable overhead rate...
Walkenhorst Company's machining department prepared its 2019 budget based on the following data: 40,000 units 2 Practical capacity Standard machine hours per unit Standard variable factory overhead Budgeted fixed factory overhead $3.00 per machine hour $424,000 The department uses machine hours to apply factory overhead to production. In 2019, the department used 85,800 machine hours and incurred $689,000 in total manufacturing overhead cost to manufacture 42,070 units. Actual fixed overhead cost for the year was $437,000. Required: Determine for the...
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