1.
Variable overhead rate variance = (SR-AR) *AH
= (1.80 - 58,537/29750) * 29750
= 4987 U
Variable overhead efficiency variance = (SH-AH) * SR
= (3000*10.5 - 29750)*1.80
= 3150 F
2. Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2,700 engines....
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2,800 engines. The standard power cost is $1.90 per machine-hour. The company's standards indicate that each engine requires 10.6 machine-hours. Actual production was 3,100 engines. Actual machine-hours were 31380 machine-hours. Actual power cost totaled $62.280. Required: Determine the rate and efficiency variances for the variable overhead item power cost and indicate whether those variances are unfavorable or favorable. (Indicate the effect of each variance by selecting "F"...
Bondi Corporation makes automotive engines. For the most recent month,, budgeted production was 2,500 engines. The standard power cost is $1.60 per machine-hour. The company's standards indicate that each engine requires 10.3 machine-hours. Actual production was 2,800 engines. Actual machine-hours were 27,750 machine-hours. Actual power cost totaled $48,058. 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, "U" for unfavorable, and "None" for no...
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 112 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. "U" for unfavorable, and "None" for no...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2.500 engines. The standard power cost is $160 per machine-hour. The company's standards indicate that each engine requires 10.3 machine-hours. Actual production was 2.800 engines. Actual machine-hours were 27750 machine-hours. Actual power cost totaled $48,058 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, "U" for unfavorable, and "None" for no...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 3,500 engines. The standard power cost is $1.50 per machine-hour. The company's standards indicate that each engine requires 11.3 machine-hours. Actual production was 3,800 engines. Actual machine-hours were 41,340 machine-hours. Actual power cost totaled $66,642. 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, "U" for unfavorable, and "None" for no...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 3,500 engines. The standard power cost is $1.50 per machine-hour. The company's standards indicate that each engine requires 11.3 machine-hours. Actual production was 3,800 engines. Actual machine-hours were 41,340 machine-hours. Actual power cost totaled $66,642. 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, "U" for unfavorable, and "None" for no...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2,100 engines. The standard power cost is $3.10 per machine-hour. The company's standards indicate that each engine requires 9.9 machine-hours. Actual production was 2,400 engines. Actual machine-hours were 22,670 machine-hours. Actual power cost totaled $74,909. 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, "U" for unfavorable, and "None" for no...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2,600 engines. The standard power cost is $1.70 per machine-hour. The company's standards indicate that each engine requires 10.4 machine-hours. Actual production was 2,900 engines. Actual machine-hours were 28,890 machine-hours. Actual power cost totaled $53,702. 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, "U" for unfavorable, and "None" for no...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2,100 engines. The standard power cost is $3.10 per machine-hour. The company's standards indicate that each engine requires 9.9 machine-hours. Actual production was 2,400 engines. Actual machine-hours were 22,670 machine-hours. Actual power cost totaled $74,909. 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, "U" for unfavorable, and "None" for no...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 1,800 engines. The standard power cost is $3.40 per machine-hour. The company's standards indicate that each engine requires 9.6 machine-hours. Actual production was 2,100 engines. Actual machine-hours were 19,290 machine-hours. Actual power cost totaled $69,110. 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, "U" for unfavorable, and "None" for no...