1) | Budgeted fixed manu. OH | $ 85,347.00 | ||
Machine hours | 29430 | |||
Fixed Element | $ 2.90 | |||
Variable Element | $ 1.30 | |||
Predetermined OH rate | $ 4.20 |
2) | Standard Hours Allowed = | (29430 hours / 10900 units) x 11840 units | |||||
= | 31968 | hours |
3) | Standard (11840 units) | Actual (11840 units) | ||||||
Hours | Rate | Amount | Hours | Rate | Amount | |||
31968 | $ 1.30 | $ 41,558.40 | 30430 | $ 1.50 | $ 45,645.00 | |||
Variable OH rate variance = | (Standard Rate - Actual Rate) x Actual Hours | |||||||
= | ($ 1.30 - $ 1.50) x 30430 | |||||||
= | $ 6,086.00 | (U) | ||||||
Variable OH effi. Variance = | (Standard hours - Actual Hours) x Standard Rate | |||||||
= | (31968 - 30430) x $ 1.30 | |||||||
= | $ 1,999.40 | (F) |
4) | Budgeted Hours | 29430 | ||||
Recovery Rate | $ 2.90 | |||||
Budgeted OH | $ 85,347.00 | |||||
Actual Hours | 30430 | |||||
Recovery Rate | $ 2.90 | |||||
Recovered OH | $ 88,247.00 | |||||
Actual OH | $ 84,800.00 | |||||
Fixed OH budget variance = | Budgeted OH - Actual OH | |||||
= | $ 85347 - $ 84800 | |||||
= | $ 547.00 | (F) | ||||
Fixed OH volume variance = | Recovered OH - Budgeted OH | |||||
= | $ 88247 - $ 85347 | |||||
= | $ 2,900.00 | (F) |
Note: Just let me know if it's incorrect, will make it right for you
Norwall Company's budgeted variable manufacturing overhead cost is $1.30 per machine-hour and its budgeted fixed manufacturing...
Norwall Company's budgeted variable manufacturing overhead cost is $1.30 per machine-hour and its budgeted fixed manufacturing overhead is $30,624 per month. The following information is available for a recent month: a. The denominator activity of 9,570 machine-hours is used to compute the predetermined overhead rate. b. At a denominator activity of 9,570 machine-hours, the company should produce 3,300 units of product. c. The company's actual operating results were: Number of units produced Actual machine-hours Actual variable manufacturing overhead cost Actual...
Norwall Company’s budgeted variable manufacturing overhead cost
is $1.30 per machine-hour and its budgeted fixed manufacturing
overhead is $30,624 per month.
The following information is available for a recent month:
The denominator activity of 9,570 machine-hours is used to
compute the predetermined overhead rate.
At a denominator activity of 9,570 machine-hours, the company
should produce 3,300 units of product.
The company’s actual operating results were:
Number of units produced
4,570
Actual machine-hours
10,090
Actual variable manufacturing overhead cost
$
14,630...
Norwall Company's budgeted variable manufacturing overhead cost is $1.40 per machine-hour and its budgeted fixed manufacturing overhead is $77,350 per month. The following information is available for a recent month: a. The denominator activity of 22,750 machine-hours is used to compute the predetermined overhead rate. b. At a denominator activity of 22,750 machine-hours, the company should produce 9,100 units of product. c. The company's actual operating results were: Number of units produced Actual machine-hours Actual variable manufacturing overhead cost Actual...
Norwall Company's budgeted variable manufacturing overhead cost is $1.90 per machine-hour and its budgeted fixed manufacturing overhead is $87,000 per month. The following information is available for a recent month: a. The denominator activity of 34,800 machine-hours is used to compute the predetermined overhead rate. b. At a denominator activity of 34,800 machine-hours, the company should produce 12,000 units of product. c. The company's actual operating results were: Number of units produced Actual machine-hours Actual variable manufacturing overhead cost Actual...
Norwall Company's budgeted variable manufacturing overhead cost is $1.20 per machine-hour and its budgeted fixed manufacturing overhead is $105,966 per month. The following information is available for a recent month: a. The denominator activity of 33,640 machine-hours is used to compute the predetermined overhead rate. b. At a denominator activity of 33,640 machine-hours, the company should produce 11,600 units of product. c. The company's actual operating results were: Number of units produced Actual machine-hours Actual variable manufacturing overhead cost Actual...
Norwall Company's budgeted variable manufacturing overhead cost is $1.80 per machine-hour and its budgeted fixed manufacturing overhead is $54,868 per month. The following information is available for a recent month: a. The denominator activity of 25,520 machine-hours is used to compute the predetermined overhead rate. b. At a denominator activity of 25,520 machine-hours, the company should produce 11,600 units of product. c. The company's actual operating results were: Number of units produced Actual machine-hours Actual variable manufacturing overhead cost Actual...
Norwall Company's budgeted variable manufacturing overhead cost is $1.90 per machine-hour and its budgeted fixed manufacturing overhead is $87,000 per month. The following information is available for a recent month: a. The denominator activity of 34,800 machine-hours is used to compute the predetermined overhead rate. b. At a denominator activity of 34,800 machine-hours, the company should produce 12,000 units of product. c. The company's actual operating results were: Number of units produced Actual machine-hours Actual variable manufacturing overhead cost Actual...
Norwall Company's budgeted variable manufacturing overhead cost is $1.90 per machine-hour and its budgeted fixed manufacturing overhead is $87,000 per month. The following information is available for a recent month a. The denominator activity of 34,800 machine-hours is used to compute the predetermined overhead rate b. At a denominator activity of 34,800 machine-hours, the company should produce 12,000 units of product. c. The company's actual operating results were Number of units produced Actual machine-hours Actual variable manufacturing overhead cost Actual...
17 Norwall Company's budgeted variable manufacturing overhead cost is $3.00 per machine hour and its budgeted fixed manufacturing overhead is $300,000 per month 0.72 points The following information is available for a recent month: a The denominator activity of 60,000 machine hours is used to compute the predetermined overhead rate. b. At a denominator activity of 60,000 machine hours, the company should produce 40,000 units of product c. The company's actual operating results were: Number of units produced Actual machine-hours...
Norwall Company's budgeted variable manufacturing overhead cost is $1.40 per machine-hour and its budgeted fixed manufacturing overhead is $77,350 per month. The following information is available for a recent month: a. The denominator activity of 22,750 machine-hours is used to compute the predetermined overhead rate. b. At a denominator activity of 22,750 machine-hours, the company should produce 9,100 units of product. c. The company's actual operating results were: Number of units produced Actual machine-hours Actual variable manufacturing overhead cost Actual...