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TB Problem Qu. 10-239 The following data for November have been provided.... The following data for...
The following data for November have been provided by Hunn Corporation, a producer of precision drills...
The following data for November have been provided by Hunn Corporation, a producer of precision drills for oil exploration: Budgeted production 4,400 drills Standard machine-hours per drill 9.7 machine-hours Standard indirect labor $ 9.50 per machine-hour Standard power $ 3.10 per machine-hour Actual production 4,600 drills Actual machine-hours 36,050 machine-hours Actual indirect labor $ 345,062 Actual power $ 110,460 Required: Compute the variable overhead rate variances for indirect labor and for power for November. Indicate whether each of the variances...
The following data for November have been provided by Hunn Corporation, a producer of precision drills...
The following data for November have been provided by Hunn Corporation, a producer of precision drills for oil exploration: Budgeted production 5,200 drills Standard machine-hours per drill 10.5 machine-hours Standard indirect labor $ 10.30 per machine-hour Standard power $ 3.90 per machine-hour Actual production 5,400 drills Actual machine-hours 36,850 machine-hours Actual indirect labor $ 384,123 Actual power $ 140,450 Required: Compute the variable overhead rate variances for indirect labor and for power for November. Indicate whether each of the variances...
The following data for November have been provided by Hunn Corporation, a producer of precision drills...
The following data for November have been provided by Hunn Corporation, a producer of precision drills for oil exploration: Budgeted production Standard machine-hours per drill Standard indirect labor Standard power 4,400 dri11s 9.7 nachine-hours 9.50 per machine-hour S 3.10 per machine-hour Actual production Actual machine-hours Actual indirect labor Actual power 4,600 drills 36,050 machine-hours $345,062 $110,460 Required: Compute the variable overhead rate variances for indirect labor and for power for November. Indicate whether each of the variances is favorable (F)...
The following data for November have been provided by Hunn Corporation, a producer of precision drills...
The following data for November have been provided by Hunn Corporation, a producer of precision drills for oil exploration: Budgeted production 4,500 drills Standard machine-hours per drill 9.8 machine-hours Standard indirect labor $ 9.60 per machine-hour Standard power $ 3.20 per machine-hour Actual production 4,700 drills Actual machine-hours 36,150 machine-hours Actual indirect labor $ 352,724 Actual power $ 111,290 Required: Compute the variable overhead rate variances for indirect labor and for power for November. (Indicate the effect of each variance...
A manufacturing company that has only one product has established the following standards for its variable...
A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company bases its variable manufacturing overhead standards on direct labor-hours. Standard hours per unit of output 5.00 DLHs Standard variable overhead rate $ 11.63 per DLH The following data pertain to operations for the last month: Actual direct labor-hours 8,500 DLHs Actual total variable manufacturing overhead cost $ 95,970 Actual output 1,600 units What is the variable overhead efficiency variance for...
The following data have been provided by Lopus Corporation 10 Budgeted production Standard machine-hours per unit...
The following data have been provided by Lopus Corporation 10 Budgeted production Standard machine-hours per unit Standard lubricants Standard supplies 3,500 units 3.6 machine-hours $ 5.10 per machine-hour $ 3.80 per machine-hour Actual production Actual machine-hours Actual lubricants (total) Actual supplies (total) 3,800 units 8,980 machine-hours $47,069 $33,673 Required: Compute the variable overhead rate variances for lubricants and for supplies (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e.,...
TB Problem Qu. 10-224 Kropf Inc. has provided the following data ... Kropf Inc. has provided...
TB Problem Qu. 10-224 Kropf Inc. has provided the following data ... Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 8.90 liters 0.50 hours 0.50 hours Standard Price or Rate $ 8.50 per liter $29.70 per hour $ 7.40 per hour The...
TB Problem Qu. 10-224 Kropf Inc. has provided the following data ... Kropf Inc. has provided...
TB Problem Qu. 10-224 Kropf Inc. has provided the following data ... Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 8.90 liters 9.50 hours 3.se hours Standard Price or Rate $ 8.50 per liter $29.78 per hour $ 7.40 per hour The...
20 TB Problem Qu. 10A-152 Holl Corporation has provided ... Holl Corporation has provided the following...
20 TB Problem Qu. 10A-152 Holl Corporation has provided ... Holl Corporation has provided the following data for November. points 4,9e machine hours Denominator level of activity Budgeted fixed manufacturing overhead costs Standard machine-hours allowed for the actual output Actual fixed manufacturing overhead costs $58,310 5, 2ee machine hours $57,330 Required: a. Compute the budget variance for November b. Compute the volume variance for November. (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and...
2. Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2,700 engines....
2.
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2,700 engines. The standard power cost is $1.80 per machine-hour. The company's standards indicate that each engine requires 10.5 machine-hours. Actual production was 3,000 engines. Actual machine-hours were 29,750 machine-hours. Actual power cost totaled $58,537. 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...
The following data for November have been provided by Hunn Corporation, a producer of precision drills for oil exploration: Budgeted production Standard machine-hours per drill Standard indirect labor Standard power 4,400 dri11s 9.7 nachine-hours 9.50 per machine-hour S 3.10 per machine-hour Actual production Actual machine-hours Actual indirect labor Actual power 4,600 drills 36,050 machine-hours $345,062 $110,460 Required: Compute the variable overhead rate variances for indirect labor and for power for November. Indicate whether each of the variances is favorable (F)...
The following data have been provided by Lopus Corporation 10 Budgeted production Standard machine-hours per unit Standard lubricants Standard supplies 3,500 units 3.6 machine-hours $ 5.10 per machine-hour $ 3.80 per machine-hour Actual production Actual machine-hours Actual lubricants (total) Actual supplies (total) 3,800 units 8,980 machine-hours $47,069 $33,673 Required: Compute the variable overhead rate variances for lubricants and for supplies (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e.,...
TB Problem Qu. 10-224 Kropf Inc. has provided the following data ... Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 8.90 liters 0.50 hours 0.50 hours Standard Price or Rate $ 8.50 per liter $29.70 per hour $ 7.40 per hour The...
TB Problem Qu. 10-224 Kropf Inc. has provided the following data ... Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 8.90 liters 9.50 hours 3.se hours Standard Price or Rate $ 8.50 per liter $29.78 per hour $ 7.40 per hour The...
20 TB Problem Qu. 10A-152 Holl Corporation has provided ... Holl Corporation has provided the following data for November. points 4,9e machine hours Denominator level of activity Budgeted fixed manufacturing overhead costs Standard machine-hours allowed for the actual output Actual fixed manufacturing overhead costs $58,310 5, 2ee machine hours $57,330 Required: a. Compute the budget variance for November b. Compute the volume variance for November. (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and...
2.
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2,700 engines. The standard power cost is $1.80 per machine-hour. The company's standards indicate that each engine requires 10.5 machine-hours. Actual production was 3,000 engines. Actual machine-hours were 29,750 machine-hours. Actual power cost totaled $58,537. 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...
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