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Question 24 Rondell Company uses standard cost system. Indirect costs were budgeted at $190,800 plus $13 per direct labour hour. The overhead rate is based on 10,600 hours. Actual results were: Standard direct labour hours allowed Actual direct labour hours Fixed overhead Variable overhead 9,070 10,600 $179,000 $174,400 Calculate the fixed overhead production volume variance. Fixed overhead production volume variance Calculate the variable overhead spending variance. Variable overhead spending variance $ Calculate the variable overhead efficiency variance. Variable overhead efficiency...
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Rondell Company uses a standard cost system. Indirect costs were budgeted at $196,000 plus $15 per direct labour hour. The overhead rate is based on 9,800 hours. Actual results were: Standard direct labour hours allowed 8,780 Actual direct labour hours Fixed overhead Variable overhead 9,800 $189,200 $183,600 Calculate the fixed overhead production volume variance Fixed overhead production volume variance Calculate the variable overhead spending variance. Variable averhead spending variance Calculate the varlable overhead efficlency variance. Variable overhead efficiency variance Calculate...
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Mercuri Company has gathered the following information:
Variable manufacturing overhead costs
$13,680
Fixed manufacturing overhead costs
$10,710
Normal production level in labour hours
9,000
Standard labour hours
9,500
During the year, 3,050 units were produced, 10,900 hours were
worked, and the actual manufacturing overhead was $21,800. Actual
fixed overhead totalled $10,800.
Mercuri applies overhead based on direct labour hours.
Calculate the total, fixed, and variable predetermined overhead
rates.(Round answers to 2 decimal places, e.g.
15.25.)
Fixed predetermined ovehead rate
$...
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Question 26 Pointe Claire Company applies overhead based on direct labour hours. Two direct labour hours are required for each unit of product. Planned production for the period was set at 8,300 units. Manufacturing overhead is budgeted at $124,500 for the period (20% of this cost is fixed). The 16,290 hours worked during the period resulted in the production of 8,000 units. The variable manufacturing overhead cost incurred was $100,800 and the fixed manufacturing overhead cost was $28,400. Calculate the...
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11.25Overhead variances: manufacturer LO5] standard manufacturing overhead costs per switch are based on direct 1abour hours and are a& follows Bright Spark Ltd is a manufacturer of electrical switches, and uses a standard costing system. The Variable overhead (5 hours$12 per hour) Fixed overhead (5 hours@$18 per hour)* Total overhead $ 60 90 $150 Based on capacity 300000 irect labour hours per month The following information is available for the month of October: 56000 switches were produced, although 60000 switches...
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Maxwell Company uses a standard cost accounting system and
applies production overhead to products on the basis of machine
hours. The following information is available for the year just
ended:
Standard variable-overhead rate per hour: $7.50
Standard fixed-overhead rate per hour: $12.60
Planned activity during the period: 21,000 machine hours
Actual production: 13,200 finished units
Machine-hour standard: Two completed units per machine hour
Actual variable overhead: $156,200
Actual total overhead: $437,800
Actual machine hours worked: 22,000
Required:
1. Calculate the...
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Standard machine hours per unit of output 4 hours Standard variable-overhead rate per machine hour 8.00 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 9.00 3 S 50,000 25,000 24,000 72,000 Unfavorable 192,000...
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Derf Company allocates overhead on the basis of direct labour hours. Two direct labour hours are required for each unit of product. Planned production for the period was set at 9000 units. Manufacturing overhead is estimated at $135,000 for the period (20 per cent of this cost is fixed). The 17,200 hours worked during the period resulted in the production of 8500 units. Variable manufacturing overhead cost incurred was $108,500 and the fixed manufacturing overhead cost was $28,000. Required(a) Determine the...
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Waterways Continuing Problem 12
At the end of June the manager of the B.C. manufacturing plant
was provided with the following variance analysis report:
Budget
Actual
Variance
Favourable (F)/
Unfavourable (U)
Production in units
332,000
347,000
15,000
F
Production costs:
Direct material
$996,000
$1,017,940
$(21,940)
U
Direct labour
1,411,000
1,442,700
(31,700)
U
Variable overhead costs
166,000
172,957
(6,957)
U
Fixed overhead costs
174,300
168,620
5,680
F
Total production costs
$2,747,300
$2,802,217
$(54,917)
U
The manager immediately called the production supervisor,...
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Question 5 (23 marks) Cleanup Ltd produces an industrial chemical and uses a standard costing system to keep tight control over its costs. At the beginning of 2017, the following standard cost sheet (for one unit) was prepared: Direct materials (10kg @ $1.60/kg) Direct labour (0.75 hrs @$18.00hr) Fixed overhead (? /hr) Variable overhead (? /hr) Standard cost per unit $16.00 13.50 3.00 2.25 $34.75 Manufacturing overhead is allocated based on direct labour hours. The budgeted overhead rate is determined...
Question 24 Rondell Company uses standard cost system. Indirect costs were budgeted at $190,800 plus $13 per direct labour hour. The overhead rate is based on 10,600 hours. Actual results were: Standard direct labour hours allowed Actual direct labour hours Fixed overhead Variable overhead 9,070 10,600 $179,000 $174,400 Calculate the fixed overhead production volume variance. Fixed overhead production volume variance Calculate the variable overhead spending variance. Variable overhead spending variance $ Calculate the variable overhead efficiency variance. Variable overhead efficiency...
Rondell Company uses a standard cost system. Indirect costs were budgeted at $196,000 plus $15 per direct labour hour. The overhead rate is based on 9,800 hours. Actual results were: Standard direct labour hours allowed 8,780 Actual direct labour hours Fixed overhead Variable overhead 9,800 $189,200 $183,600 Calculate the fixed overhead production volume variance Fixed overhead production volume variance Calculate the variable overhead spending variance. Variable averhead spending variance Calculate the varlable overhead efficlency variance. Variable overhead efficiency variance Calculate...
Mercuri Company has gathered the following information:
Variable manufacturing overhead costs
$13,680
Fixed manufacturing overhead costs
$10,710
Normal production level in labour hours
9,000
Standard labour hours
9,500
During the year, 3,050 units were produced, 10,900 hours were
worked, and the actual manufacturing overhead was $21,800. Actual
fixed overhead totalled $10,800.
Mercuri applies overhead based on direct labour hours.
Calculate the total, fixed, and variable predetermined overhead
rates.(Round answers to 2 decimal places, e.g.
15.25.)
Fixed predetermined ovehead rate
$...
Question 26 Pointe Claire Company applies overhead based on direct labour hours. Two direct labour hours are required for each unit of product. Planned production for the period was set at 8,300 units. Manufacturing overhead is budgeted at $124,500 for the period (20% of this cost is fixed). The 16,290 hours worked during the period resulted in the production of 8,000 units. The variable manufacturing overhead cost incurred was $100,800 and the fixed manufacturing overhead cost was $28,400. Calculate the...
11.25Overhead variances: manufacturer LO5] standard manufacturing overhead costs per switch are based on direct 1abour hours and are a& follows Bright Spark Ltd is a manufacturer of electrical switches, and uses a standard costing system. The Variable overhead (5 hours$12 per hour) Fixed overhead (5 hours@$18 per hour)* Total overhead $ 60 90 $150 Based on capacity 300000 irect labour hours per month The following information is available for the month of October: 56000 switches were produced, although 60000 switches...
Standard machine hours per unit of output 4 hours Standard variable-overhead rate per machine hour 8.00 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 9.00 3 S 50,000 25,000 24,000 72,000 Unfavorable 192,000...
Waterways Continuing Problem 12
At the end of June the manager of the B.C. manufacturing plant
was provided with the following variance analysis report:
Budget
Actual
Variance
Favourable (F)/
Unfavourable (U)
Production in units
332,000
347,000
15,000
F
Production costs:
Direct material
$996,000
$1,017,940
$(21,940)
U
Direct labour
1,411,000
1,442,700
(31,700)
U
Variable overhead costs
166,000
172,957
(6,957)
U
Fixed overhead costs
174,300
168,620
5,680
F
Total production costs
$2,747,300
$2,802,217
$(54,917)
U
The manager immediately called the production supervisor,...
Question 5 (23 marks) Cleanup Ltd produces an industrial chemical and uses a standard costing system to keep tight control over its costs. At the beginning of 2017, the following standard cost sheet (for one unit) was prepared: Direct materials (10kg @ $1.60/kg) Direct labour (0.75 hrs @$18.00hr) Fixed overhead (? /hr) Variable overhead (? /hr) Standard cost per unit $16.00 13.50 3.00 2.25 $34.75 Manufacturing overhead is allocated based on direct labour hours. The budgeted overhead rate is determined...