Question

You brought your work home one evening, and your nephew spilled his chocolate milk shake on the variance report you were preparing. Fortunately, knowing that overhead was applied based on machine hours, you were able to reconstruct the obliterated information from the remaining data. Fill in the missing numbers below. (Round your per machine hour and per unit answers to two decimal places. Indicate the effect of the variance by selecting "Positive" or "Negative". Select "None" and enter "O" for no effect (i.e., zero variance).) * Answer is not complete. hours 4 11.00 $ $ $ 44,800 56,800 14,000 Standard machine hours per unit of output Standard variable-overhead rate per machine hour 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 $ $ $ 19,500 154,000 12,000 Unfavorable Favorable Unfavorable $ 505,300 $ 625,400

Answer 1

Answer: ) Actual Vaniable of rate pee machine hower Giren stand and Machine hours per unit of output standard ronable of rate per machine hour in Actual fined oH & 56,800 he has $ 1.00 - Total Actual of = $ 505,200 Actual variable oH + Actual fined off = $ 505 300 Actual Vonable oH # $ 56800 = $ 505,200 Actual Vanable Oli's $505200 -$56 Soo - = $ 648,500 - A given - Variable of spending Variance $19,500 ie standand cost of Artual hours worked - - Actual vorable of - - $19.500 standand cost of Actual hom worked - o-$29500_+$448.000 - = $y27,000

Actual house a Stay cost of actual hours worked sh, Variable off Rate for hour. $ 429,000 Actunt Variable - 39000 hrs. - Actual variable of off Rate Adual hours 448,500 39.000 1 d) Actual Machine hains pec wait of output: Giyenas _Verioskler oH Efficiency Variance = $154,900 ie ² Standard Variable on - standand cost - of Actual hours worked $154,000 standand Variable oH f 154.000 & f 4.9000 $ 583.600 - एनट, Variate of+- standand hours a sta, Vaniable of Nate per hour. $ 583,000 53,000 ho

Actual output . standend tours, Id hours per wnit of Actual supput 53,000 = 13,250 units Actual Machine hours per unit of output Actuat hours - Actuat output 39000 T3150 (3) Actual production in units - Actual output - 33250 onita Vanianie : u fixed of volume santas Budgeted fined on... $46,500 Rudgeted production : 4,000 unit. budgeted fixed of standard rate pen waits Buletes production $_44,600 74000 $ 3.2 unit

standand fired of - Adual output x the role. lunit 13250 x 22- - 4400 fied oH Volume Variance - sitter fired. OH - Redpated. Eined O4 E 62400 - $64 800 _ .$400 Curfovourable) (s) Total budgeted of flenible budget) : itd., Vaniable OH - Actual Variable of = $583,000 - $448_500 $_134.00 Cfavourable) (6) Total budgeted of (static budget): = Fired of budget Venmie + fired OH volunte. Vorigence. -$10,000 - $24002 £ $4,400 Cunfavourable? Note! Reconciliation : $ 625_400_ Tolal Actual oH : $ 505,300 Total budreted off knitted . $ 134,500 (farameble Total budicted OH (slatic) : (+ 14 400) Confavouable Total applied of [04 meene Oechead; Stany means Standard] - - Thank you -