The following information is available for the Danske Company: Denominator hours for May 21,500 Actual hours...
The following information is available for the Danske Company:
| Denominator hours for May | 21,500 | ||
| Actual hours worked during May | 19,200 | ||
| Standard hours allowed for May | 14,600 | ||
| Flexible budget fixed overhead cost | $ | 64,500 | |
| Actual fixed overhead costs for May | $ | 68,800 | |
Danske Company had total underapplied overhead of $21,500. Additional information is as follows:
| Variable Overhead: | |||
| Applied based on standard direct labor hours allowed | $ | 55,000 | |
| Budgeted based on standard direct labor hours | 44,500 | ||
| Fixed Overhead: | |||
| Applied based on standard direct labor hours allowed | $ | 43,000 | |
| Budgeted based on standard direct labor hours | 33,500 | ||
What is the fixed overhead price (spending) variance for May?
Multiple Choice
-
$2,300 unfavorable
-
$4,600 unfavorable
-
$4,600 favorable
-
$4,300 unfavorable
Homework Answers
Fixed overhead spending variance = Actual fixed overhead - Budgeted fixed overhead
= $68800-64500
= $4300 unfavorable
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The following information is available for the Danske
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Denominator hours for May
21,500
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