Ans:
Variable overhead rate variance = (Standard rate-actual rate)actual hours
= (2.20*39740-89780)
Variable overhead rate variance = 2352 Unfavourable
Variable overhead efficiency variance = (Standard hour-actual hour)Standard rate
= (3700*11.20-39740)2.20
Variable overhead efficiency variance = 3740 Favourable
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 3,400 engines. The...
9 10 6 Help Save & Ex Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 3,400 engines. The standard power cost is $2.20 per machine-hour. The company's standards indicate that each engine requires 11.2 machine-hours. Actual production was 3,700 engines. Actual machine-hours were 39,740 machine-hours. Actual power cost totaled $89.780. Required: Determine the rate and efficiency variances for the variable overhead item power cost (indicate the effect of each variance by selecting "F" for favorable,...
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