![RT 3 INFORMATION FOR MANAGING RESOURCES E11.22 Straightforward calculation of overhead variances: manufacturer LO5] of August The data below relate to Super Flash Ltd, a manufacturer of exercise equipment, for the Standard variable overhead rate Standard quantity of machine hours Budgeted fixed overhead Budgeted output $9 per machine hour 4 hours per unit of output $180000 15000 units Actual results for August are as follows: Actual output Actual variable overhead Actual fixed overhead Actual machine time 13500 units $607 500 $183000 60750 machine hours Required: Calculate the following variances, indicating whether each variance is favourable or unfavoru 1 Variable overhead spending variance. 2 Variable overhead efficiency variance. 3 Fixed overhead budget variance. 4 Fixed overhead volume variance. rable: 11.23 Tosi Diagram of overhead variances: manufacturer Refer to the data in 5](http://img.homeworklib.com/questions/8f032af0-7559-11ea-bd88-c71aa7cc5961.png?x-oss-process=image/resize,w_560)
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RT 3 INFORMATION FOR MANAGING RESOURCES E11.22 Straightforward calculation of overhead variances: manufacturer LO5] of August...
can you please help with question E11.22 E11.22 LO11.5 Straightforward calculation of overhead variances: manufactur...
can
you please help with question E11.22
E11.22 LO11.5 Straightforward calculation of overhead variances: manufacturer The data below relate to Sporty Ltd, a manufacturer of exercise equipment, for August Standard variable overhead rate Standard quantity of machine hours Budgeted fixed overhead Budgeted output S27 per machine hour 2 hours per unit of output $270 000 15 000 units Actual results for August are as follows: Actual output Actual variable overhead Actual fixed overhead Actual machine time 13 500 units $757...
Exercise 11-22 Straightforward Computation of Overhead Variances (LO 11-5) Crystal Glassware Company has the following standards...
Exercise 11-22 Straightforward Computation of Overhead Variances (LO 11-5) Crystal Glassware Company has the following standards and flexible-budget data. Standard variable-overhead rate $ 7.00 per direct-labor hour Standard quantity of direct labor 3 hours per unit of output Budgeted fixed overhead $ 114,000 Budgeted output 19,000 units Actual results for April are as follows: Actual output 12,000 units Actual variable overhead $ 324,000 Actual fixed overhead $ 107,000 Actual direct labor 45,000 hours Required: Use...
11.25Overhead variances: manufacturer LO5] standard manufacturing overhead costs per switch are based on direct 1abour hours...
11.25Overhead variances: manufacturer LO5] standard manufacturing overhead costs per switch are based on direct 1abour hours and are a& follows Bright Spark Ltd is a manufacturer of electrical switches, and uses a standard costing system. The Variable overhead (5 hours$12 per hour) Fixed overhead (5 hours@$18 per hour)* Total overhead $ 60 90 $150 Based on capacity 300000 irect labour hours per month The following information is available for the month of October: 56000 switches were produced, although 60000 switches...
uyur Styles E10.24: Straightforward calculation of variances; variance diagrams: manufacturer Can the Can Ltd manufactures recyclable...
uyur Styles E10.24: Straightforward calculation of variances; variance diagrams: manufacturer Can the Can Ltd manufactures recyclable soft drink cans. A unit of production is a box of 12 cans. The following standards have been set by the production engineering staff and the factory accountant: Direct material Direct labour Quantity: 4 kilograms Quantity: 0.25 hour Price: $0.90 per kilogram Rate: $33 per hour Actual material purchases amounted to 240 000 kilograms at $0.93 per kilogram. Actual costs incurred in the production...
Exercise 10A-2 Predetermined Overhead Rate; Overhead Variances [LO10-3, LO10-4] Norwall Company’s budgeted variable manufacturing overhead cost...
Exercise 10A-2 Predetermined Overhead Rate; Overhead Variances [LO10-3, LO10-4] Norwall Company’s budgeted variable manufacturing overhead cost is $1.20 per machine-hour and its budgeted fixed manufacturing overhead is $81,744 per month. The following information is available for a recent month: The denominator activity of 31,440 machine-hours is used to compute the predetermined overhead rate. At a denominator activity of 31,440 machine-hours, the company should produce 13,100 units of product. The company’s actual operating results were: Number of units produced 14,120 Actual...
Fresh, Inc., is a manufacturer of vacuums and uses standard costing, Manufacturing overhead (both variable and...
Fresh, Inc., is a manufacturer of vacuums and uses standard costing, Manufacturing overhead (both variable and fixed) is allocated to products on the basis of budgeted machine-hours. In 2017, budgeted fixed manufacturing overhead cost was $18,000,000. Budgeted variable manufacturing overhead was $10 per machine-hour. The denominator level was 1,000,000 machine-hours. Read the requirements Requirement 1. Prepare a graph for fixed manufacturing overhead. The graph should display how Fresh, Inc.'s fixed manufacturing overhead costs will be depicted for the purposes of...
Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances, using the 4-variance...
Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances, using the 4-variance analysis. 2. Prepare journal entries using the 4-variance analysis. 3. Describe how individual fixed manufacturing overhead items are controlled from day to day. 4. Discuss possible causes of the fixed manufacturing overhead variances. The MartinezMartinez Company uses standard costing in its manufacturing plant for auto parts. The standard cost of a particular auto part, based on a denominator level of 4,500 output units per...
Standard machine hours per unit of output 4 hours Standard variable-overhead rate per machine hour 8.00...
Standard machine hours per unit of output 4 hours Standard variable-overhead rate per machine hour 8.00 Actual variable-overhead rate per machine hour Actual machine hours per unit of output Budgeted fixed overhead |Actual fixed overhead Budgeted production in units Actual production in units Variable-overhead spending variance Variable-overhead efficiency variance Fixed-overhead budget variance Fixed-overhead volume variance Total actual overhead Total budgeted overhead (flexible budget) Total budgeted overhead (static budget) Total applied overhead 9.00 3 S 50,000 25,000 24,000 72,000 Unfavorable 192,000...
Overhead Variances, Four-Variance Analysis Oerstman, Inc., uses a standard costing system and develops its overhead rates...
Overhead Variances, Four-Variance Analysis Oerstman, Inc., uses a standard costing system and develops its overhead rates from the current annual budget. The budget is based on an expected annual output of 123,000 units requiring 492,000 direct labor hours. (Practical capacity is 512,000 hours.) Annual budgeted overhead costs total $811,800, of which $585,480 is fixed overhead. A total of 119,500 units using 490,000 direct labor hours were produced during the year. Actual variable overhead costs for the year were $260,700, and...
Overhead Variances, Four-Variance Analysis Oerstman, Inc., uses a standard costing system and develops its overhead rates...
Overhead Variances, Four-Variance Analysis Oerstman, Inc., uses a standard costing system and develops its overhead rates from the current annual budget. The budget is based on an expected annual output of 129,000 units requiring 516,000 direct labor hours. (Practical capacity is 536,000 hours.) Annual budgeted overhead costs total $861,720, of which $608,880 is fixed overhead. A total of 119,000 units using 514,000 direct labor hours were produced during the year. Actual variable overhead costs for the year were $260,100, and...
can
you please help with question E11.22
E11.22 LO11.5 Straightforward calculation of overhead variances: manufacturer The data below relate to Sporty Ltd, a manufacturer of exercise equipment, for August Standard variable overhead rate Standard quantity of machine hours Budgeted fixed overhead Budgeted output S27 per machine hour 2 hours per unit of output $270 000 15 000 units Actual results for August are as follows: Actual output Actual variable overhead Actual fixed overhead Actual machine time 13 500 units $757...
11.25Overhead variances: manufacturer LO5] standard manufacturing overhead costs per switch are based on direct 1abour hours and are a& follows Bright Spark Ltd is a manufacturer of electrical switches, and uses a standard costing system. The Variable overhead (5 hours$12 per hour) Fixed overhead (5 hours@$18 per hour)* Total overhead $ 60 90 $150 Based on capacity 300000 irect labour hours per month The following information is available for the month of October: 56000 switches were produced, although 60000 switches...
uyur Styles E10.24: Straightforward calculation of variances; variance diagrams: manufacturer Can the Can Ltd manufactures recyclable soft drink cans. A unit of production is a box of 12 cans. The following standards have been set by the production engineering staff and the factory accountant: Direct material Direct labour Quantity: 4 kilograms Quantity: 0.25 hour Price: $0.90 per kilogram Rate: $33 per hour Actual material purchases amounted to 240 000 kilograms at $0.93 per kilogram. Actual costs incurred in the production...
Fresh, Inc., is a manufacturer of vacuums and uses standard costing, Manufacturing overhead (both variable and fixed) is allocated to products on the basis of budgeted machine-hours. In 2017, budgeted fixed manufacturing overhead cost was $18,000,000. Budgeted variable manufacturing overhead was $10 per machine-hour. The denominator level was 1,000,000 machine-hours. Read the requirements Requirement 1. Prepare a graph for fixed manufacturing overhead. The graph should display how Fresh, Inc.'s fixed manufacturing overhead costs will be depicted for the purposes of...
Standard machine hours per unit of output 4 hours Standard variable-overhead rate per machine hour 8.00 Actual variable-overhead rate per machine hour Actual machine hours per unit of output Budgeted fixed overhead |Actual fixed overhead Budgeted production in units Actual production in units Variable-overhead spending variance Variable-overhead efficiency variance Fixed-overhead budget variance Fixed-overhead volume variance Total actual overhead Total budgeted overhead (flexible budget) Total budgeted overhead (static budget) Total applied overhead 9.00 3 S 50,000 25,000 24,000 72,000 Unfavorable 192,000...
Overhead Variances, Four-Variance Analysis Oerstman, Inc., uses a standard costing system and develops its overhead rates from the current annual budget. The budget is based on an expected annual output of 123,000 units requiring 492,000 direct labor hours. (Practical capacity is 512,000 hours.) Annual budgeted overhead costs total $811,800, of which $585,480 is fixed overhead. A total of 119,500 units using 490,000 direct labor hours were produced during the year. Actual variable overhead costs for the year were $260,700, and...
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