The following data is given for the Bahia Company: Budgeted production 1,040 units Actual production 906...
The following data is given for the Bahia Company:
| Budgeted production | 1,040 units |
| Actual production | 906 units |
| Materials: | |
| Standard price per pound | $1.866 |
| Standard pounds per completed unit | 11 |
| Actual pounds purchased and used in production | 9,667 |
| Actual price paid for materials | $19,817 |
| Labor: | |
| Standard hourly labor rate | $14.62 per hour |
| Standard hours allowed per completed unit | 4.0 |
| Actual labor hours worked | 4,665.9 |
| Actual total labor costs | $71,155 |
| Overhead: | |
| Actual and budgeted fixed overhead | $1,181,000 |
| Standard variable overhead rate | $26.00 per standard labor hour |
| Actual variable overhead costs | $130,645 |
| Overhead is applied on standard labor hours. | |
The variable factory overhead controllable variance is
a.$152,167.31 unfavorable
b.$152,167.31 favorable
c.$36,421.00 unfavorable
d.$36,421.00 favorable
Homework Answers
Variable Factory Overhead Controllable Variance = (Std VOH Cost - Actual VOH Cost)
Actual Variable OH Cost = $130,645
Standard Variable OH Cost = Std hrs*Std rate per hour
= (906 units*4 hrs per unit)*$26 per hour
= 3,624 hrs*$26 per hour = $94,224
Variable Factory OH Controllable Variance = Std Variable OH - Actual Variable OH
= $94,224 - $130,645 = $36,421 Unfavorable
Therefore the variable overhead controllable variance is $36,421 Unfavorable. Hence the correct option is C) $36,421 Unfavorable.
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