Actual machine hours Standard machine hours allowed Denominator activity (machine hours) Actual foxed overhead costs Budgeted...

Question

Question

Actual machine hours Standard machine hours allowed Denominator activity (machine hours) Actual foxed overhead costs Budgeted

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Solution:

Budgeted Fixed Overhead = $5375

Actual Fixed overhead = $4800

Fixed overhead spending Overhead = Budgeted$ Fixed Overhead - Actual Fixed Overhead

= $5375 - $4800

= $575 favorable

Add a comment

Answer 2

Similar Homework Help Questions

Actual machine hours Standard machine hours allowed Denominator activity (machine hours) Actual foxed overhead costs Budgeted...

Actual machine hours Standard machine hours allowed Denominator activity (machine hours) Actual foxed overhead costs Budgeted foed overhead costs Predetermined overhead rate ($i variable - $5 fixed 1075 4.800 What is the fixed overhead spending (budget, variance? $575 $575 $420 O $350
1,020 Actual machine hours Standard machine hours allowed Denominator activity machine hours) Actual fixed overhead costs...

1,020 Actual machine hours Standard machine hours allowed Denominator activity machine hours) Actual fixed overhead costs Budgeted faxed overhead costs Predetermined overhead rate ($2 variable 3.000 4080 $4 foed What is the production volume variance? $180 $440 $390 5260
Actual machine hours 1,160 Standard machine hours allowed 1,310 Denominator activity (machine hours) 1,450 Actual fixed...

Actual machine hours 1,160 Standard machine hours allowed 1,310 Denominator activity (machine hours) 1,450 Actual fixed overhead costs $ 16,560 Budgeted fixed overhead costs $ 17,400 Predetermined overhead rate ($2 variable + $12 fixed) $ 14 What is the fixed overhead spending (price) variance? A. $840 favorable. B. $580 favorable. C. $280 favorable. D. $300 favorable.

tual mochine hours Standard mochine hours allowed Denominator activity (machine hours) Actual fixed overhead costs Budgeted...

tual mochine hours Standard mochine hours allowed Denominator activity (machine hours) Actual fixed overhead costs Budgeted fixed overhend costs Predetermined overhead rate ($2 variable $8 fixed 50 8,750 10 What is the fixed overhead production volume variance? $450 favorable $1.840 unfavorable O $220 favorable O $450 unfavorable O $880 favorable $1,840 favorable. some other amount favorable some other amount unfavorable O $220 unfavorable O $880 unfavorable
The following information is available for Baxter Manufacturing for April: Actual machine hours 850 Standard machine...

The following information is available for Baxter Manufacturing for April: Actual machine hours 850 Standard machine hours allowed 920 Denominator activity (machine hours) 1,060 Actual fixed overhead costs $ 4,000 Budgeted fixed overhead costs $ 4,240 Predetermined overhead rate ($1 variable + $4 fixed) $ 5 What is the fixed overhead price (spending) variance for April? Multiple Choice $350 $280 $560 $240
Asper Corporation has provided the following data for February. Denominator level of activity 9,300 machine-hours Budgeted...

Asper Corporation has provided the following data for February. Denominator level of activity 9,300 machine-hours Budgeted fixed manufacturing overhead costs $ 284,020 Fixed component of the predetermined overhead rate $ 36.20 per machine-hour Actual level of activity 9,500 machine-hours Standard machine-hours allowed for the actual output 9,800 machine-hours Actual fixed manufacturing overhead costs $ 275,960 The budget variance for February is:

Asper Corporation has provided the following data for February. Denominator level of activity 9,700 machine-hours Budgeted...

Asper Corporation has provided the following data for February. Denominator level of activity 9,700 machine-hours Budgeted fixed manufacturing overhead costs $ 288,420 Fixed component of the predetermined overhead rate $ 36.60 per machine-hour Actual level of activity 9,900 machine-hours Standard machine-hours allowed for the actual output 10,200 machine-hours Actual fixed manufacturing overhead costs $ 279,960 The budget variance for February is:
The following information is available for Baxter Manufacturing for April: Actual machine hours Standard machine hours...

The following information is available for Baxter Manufacturing for April: Actual machine hours Standard machine hours allowed Denominator activity (machine hours) Actual fixed overhead costs 1,030 1,090 1,850 $7,600 $7, 400 %24 Budgeted fixed overhead costs Predetermined overhead rate ($1 variable + $4 fixed) Is the fixed overhead price (spending) variance for April favorable or unfavorable? Multiple Choice Unfavorable Favorable < Prev 23 of 34 Next >
Wangerin Corporation applies overhead to products based on machine-hours. The denominator level of activity is 7,700...

Wangerin Corporation applies overhead to products based on machine-hours. The denominator level of activity is 7,700 machine-hours. The budgeted fixed manufacturing overhead costs are $274,890. In April, the actual fixed manufacturing overhead costs were $280,280 and the standard machine-hours allowed for the actual output were 8,000 machine-hours. Required: a. Compute the budget variance for April. b. Compute the volume variance for April. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no...

The following information is available for Baxter Manufacturing for April: Actual machine hours 860 Standard machine...

The following information is available for Baxter Manufacturing for April: Actual machine hours 860 Standard machine hours allowed 940 Denominator activity (machine hours) 1,015 Actual fixed overhead costs $ 4,200 Budgeted fixed overhead costs $ 5,075 Predetermined overhead rate ($1 variable + $5 fixed) $ 6 What is the production volume variance for April? Multiple Choice $215. $375. $400. $480.

Actual machine hours Standard machine hours allowed Denominator activity (machine hours) Actual foxed overhead costs Budgeted...

Homework Answers