Answer
Fixed Overhead Spending Variance |
||||||
( |
Budgeted Fixed Overhead |
- |
Actual Fixed Overhead incurred |
) |
||
( |
$ 420,500.00 |
- |
$ 440,000.00 |
) |
||
-19500 |
||||||
Variance |
$ 19,500.00 |
Unfavourable-U |
Fixed Overhead Production Volume Variance |
||||||
( |
Fixed Overhead applied = 150000 units x $ 2.90 |
- |
Budgeted Fixed Overhead |
) |
||
( |
$ 435,000.00 |
- |
$ 420,500.00 |
) |
||
14500 |
||||||
Variance |
$ 14,500.00 |
Favourable-F |
UNDER – APPLIED Fixed
Overhead $
5000
>Actual Fixed overhead = $ 440000
>Fixed overhead applied = $ 435000
>Under applied = 440000 – 435000 = $ 5000
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity 1.7...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity 1.7 lbs. 1.7 hrs. Standard Price (Rate) $ 1.80 per lb. $ 12 per hr. Standard Unit Cost $ 3.06 20.40 Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($425,588 = 185,000 units) 1.7 hrs. $ 1.1 per hr. 1.87 2.38 Barley Hopp had the following actual results last year: Number of units produced and sold Number...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price Standard Quantity 1.7 lbs 1.7 hrs (Rate) $1.80 per lb. 12 per hr Unit Cost $ 3.06 Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($425,5ee 185,eee units) 28.40 1.7 hrs 1.1 per hr. 1.87 2.3e Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity 1.8 lbs 1.8 hrs Standard Price Standard Unit Cost 3.42 19.80 (Rate) $1.90 per lb. 11 per hr. 1.1 per hr Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead (S396,000 180,000 units) 1.8 hrs $ 1.98 2.20 Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity Standard Price (Rate) Standard Unit Cost Direct materials (clay) 1.6 lbs. $ 1.70 per lb. $ 2.72 Direct labor 1.6 hrs. $ 16 per hr. 25.60 Variable manufacturing overhead (based on direct labor hours) 1.6 hrs. $ 1.3 per hr. 2.08 Fixed manufacturing overhead ($374,000 ÷ 170,000 units) 2.20 Barley Hopp had the following actual results last year: Number of units produced and sold 175,000...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($273,000 = 105.000 units) Standard Quantity 1.6 lbs. 1.6 hrs. 1.6 hrs. Standard Price (Rate) $ 1.70 per ib. $ 10 per hr. $ 1.1 per hr. Standard Unit Cost $ 2.72 16.00 1.76 2.60 Barley Hopp had the following actual results last year: Number of units produced and sold Number...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($487,500 = 195,000 units) Standard Quantity 1.8 lbs. 1.8 hrs. 1.8 hrs. Standard Price (Rate) $ 1.90 per lb. $ 16 per hr. $ 1.1 per hr. Standard Unit Cost $ 3.42 28.80 1.98 2.50 Barley Hopp had the following actual results last year: Number of units produced and sold Number...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity 1.80 lbs 1.80 hrs Standard Price (Rate) 1.90 per lb. $ 11.00 per hr. 1.10 per hr. Standard Unit Cost 3.42 19.80 Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($396,000.00 180,000.00 units) 1.80 hrs. 1.98 2.20 Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity 1.60 lbs. 1.60 hrs. Standard Price (Rate) $ 1.78 per lb. $16.00 per hr. Standard Unit Cost $ 2.72 25.60 Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead (5364,500.00 + 135,000.00 units) 1.60 hrs. $ 1.20 per hr. 1.92 2.70 Barley Hopp had the following actual results last year: Number of units produced and sold Number of...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity 1.60 lbs. Standard Unit Cost $ 2.72 Standard Price (Rate) $ 1.70 per lb. $10.00 per hr. 1.10 per hr. Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($273,000.00 105,000.00 units) 1.60 hrs 1,60 hrs 16.00 1.76 2.60 Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity Standard Price (Rate) Standard Unit Cost Direct materials (clay) 1.70 lbs. $ 1.80 per lb. $ 3.06 Direct labor 1.70 hrs. $ 15.00 per hr. 25.50 Variable manufacturing overhead (based on direct labor hours) 1.70 hrs. $ 1.10 per hr. 1.87 Fixed manufacturing overhead ($338,000.00 ÷ 130,000.00 units) 2.60 Barley Hopp had the following actual results last year: Number of units produced and sold 135,000...