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Homework Answers
| Req 1 | Predetermined OH Rate | ||||||||||
| Variable overhead costs | $2.30 | per DL hr. | |||||||||
| Fixed overhead costs | $1.20 | per DL hr. | |||||||||
| Total overhead costs | $3.50 | ||||||||||
| Req 2 | At 65% of Operating Capacity-------- | ||||||||||
| Predetermined OH Rate | Standard DL Hours | Overhead Costs Applied | Actual Results | Variance | Fav./Unf. | ||||||
| Variable overhead costs | $2.30 | 689,000 | 1,584,700 | 1,525,000 | 59,700 | Favorable | |||||
| Fixed overhead costs | $1.20 | 689,000 | 826,800 | 954,000 | 127,200 | Unfavorable | |||||
| Total overhead costs | $3.50 | 2,411,500 | 2,479,000 | 67,500 | Unfavorable | ||||||
| Req 3 | Actual Cost | Flexible Budget | Standard Cost | ||||||||
| AH | x | AVR | AH | x | SVR | SH | x | SVR | |||
| 652,000 | x | 2.34 | 652000 | x | 2.3 | 689,000 | x | 2.3 | |||
| 1,525,000 | 1,499,600 | 1,584,700 | |||||||||
| 25,400 | 85,100 | ||||||||||
| Variable overhead spending Variance | 25,400 | Unfavourable | |||||||||
| Variable OH efficiency Variance | 85,100 | Favorable | |||||||||
| Total Voh variance | 59,700 | Favorable | |||||||||
| Actual Fixed OH Cost | Budgted Overhead | Standard Cost(FOH Applied) | |||||||||
| AH | x | AFR | SH | x | SFR | ||||||
| 652,000 | x | 1.46 | 689,000 | x | 1.2 | ||||||
| 954,000 | 890,400 | 826800 | |||||||||
| 63,600 | 63,600 | ||||||||||
| Fixed overhead spending variance | 63,600 | Unfavourable | |||||||||
| Fixed overhead Volume variance | 63,600 | Unfavourable | |||||||||
| Total Fixed OH cost variance | 127,200 | Unfavourable | |||||||||
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Required information (The following information applies to the questions displayed below.] Sedona Company set the following standard costs for one unit of its product for this year. Direct material (20 Ibs. $3.30 per Ib.) Direct labor (15 hrs. @ $6.00 per hr.) Variable overhead (15 hrs. @ $2.80 per hr.) Fixed overhead (15 hrs. $1.20 per hr.) Total standard cost $ 66.00 90.00 42.00 18.00 $216.00 The $4.00 ($2.80 + $1.20) total overhead rate per direct labor hour is based...
Required information The following information applies to the questions displayed below) Sedona Company set the following standard costs for one unit of its product for this year Direct material (30 lbs. @ $2.20 per Ib.) Direct labor (10 hrs. @ $4.60 per hr.) Variable overhead (10 hrs. $3.20 per hr.) Fixed overhead (18 hrs. $1.50 per hr.) Total standard cost $ 66. 46.00 30.00 15.00 $157.00 The $4.50 ($3.00 + $1.50) total overhead rate per direct labor hour is based...
Sedona Company set the following standard costs for one unit of its product for this year Direct material (30 Ibs.@ $2.20 per Ib.) Direct labor (10 hrs. @ $4.60 per hr.) Variable overhead (10 hrs. @ $3.00 per hr.) Fixed overhead (10 hrs. @ $1.50 per hr.) $66.00 46.00 30.00 15.00 $157.00 Total standard cost The $4.50 ($3.00+ $1.50) total overhead rate per direct labor hour is based on an expected operating level equal to 70% of the factory's capacity...
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Sedona Company set the following standard costs for one unit of its product for this year. Direct material (30 Ibs. $2.20 per Ib.) Direct labor (20 hrs. $4.20 per hr.) Variable overhead (20 hrs. $2.20 per hr.) Fixed overhead (20 hrs. $1.10 per hr.) $ 66.00 84.00 44.00 22.00 $216.00 Total standard cost The $3.30 ($2.20 +$1.10) total overhead rate per direct labor hour is based on an expected operating level equal to 60% of the...
Required information Use the following information for the Exercises below. The following information applies to the questions displayed below) rice by selecting for vorable Compute the fed overhead spending and volume variances and classy each farble or dvorableIndicate the effect of each unfavorable and now Round te per un to 2 decimal places) Acad On cost Feed Of Buited Standard Cont rol Sedona Company set the following standard costs for one unit of its product for this year. Direct material...
Required Information The following information applies to the questions displayed below) Sedona Company set the following standard costs for one unit of its product for this year. Direct material (30 Ibs. @ $2.50 per Ib.) Direct labor (20 hrs. @ $4.80 per hr.) Variable overhead (20 hrs. @ $2.30 per hr.) Fixed overhead (20 hrs. $1.20 per nr.) Total standard cost $ 75.00 96.00 46.00 24.00 $241.00 The $3.50 ($2.30 + $1.20) total overhead rate per direct labor hour is...
Required information The following Information applies to the questions displayed below] Sedona Company set the following standard costs for one unlt of Its product for 2017 Direct aterial (20 Ibs. $3.30 per Ib. Direct labor (15 hrs. $6.00 per hr.) Eactory variable overhead (15 hrs. $2.80 per hr.) Factory fixed overhead (15 hs $1.20 per hr.) Standard cost 66.00 90.00 42.00 1B.00 $216.00 The $400 ($280-$120) total overhead rate per direct labor hour is based on an expected operating level...
Required Information [The following information applies to the questions displayed below) Sedona Company set the following standard costs for one unit of its product for this year. Direct material (30 lbs. @ $2.00 per Ib.) Direct labor (20 hrs. @ $4.50 per hr.) Variable overhead (20 hrs. @ $2.50 per hr.) Fixed overhead (20 hrs. @ $1.20 per hr.) Total standard cost $ 60.00 90.ee 50.ee 24.ee $224.ee The $3.70 ($2.50 - $1.20) total overhead rate per direct labor hour...
Required information (The following information applies to the questions displayed below.) Sedona Company set the following standard costs for one unit of its product for this year. Direct material (30 lbs. e $2.50 per Ib.) Direct labor (20 hrs. e $4.80 per hr.) Variable overhead (20 hrs. e $2.30 per hr.) Fixed overhead (20 hrs. $1.20 per hr.) Total standard cost $ 75.00 96.00 46.00 24.00 $241.00 The $3.50 ($2.30 + $1.20) total overhead rate per direct labor hour is...