When machine-hours are used as a cost-allocation base, the item MOST likely to contribute to an...
When machine-hours are used as a cost-allocation base, the item MOST likely to contribute to an unfavorable variable overhead efficiency variance is Select one: a. unused capacity b. more units being produced than planned c. using more machine hours than budgeted d. workers wastefully using variable overhead items
Homework Answers
When machine-hours are used as a cost-allocation base, using more machine hours than budgeted will most likely to contribute to an unfavourable variable overhead efficiency variance because favorable variable overhead efficiency variance indicates that fewer manufacturing hours were expended during the period than the standard hours required for the level of actual output, so the unfavourable variable overhead efficiency variance will indicate that more manufacturing hours were expended during the period than the standard hours required for the level of actual production.
Add Answer to:
When machine-hours are used as a cost-allocation base, the item
MOST likely to contribute to an...
Russo Corporation manufactured? 21,000 air conditioners during November. The overhead? cost-allocation base is? $34.50 per? machine-hour....
Russo Corporation manufactured? 21,000 air conditioners during November. The overhead? cost-allocation base is? $34.50 per? machine-hour. The following variable overhead data pertain to? November: Actual Budgeted Production ?21,000 units ? 23,000 units ?Machine-hours ?12,700 hours ?13,800 hours Variable overhead cost per? machine-hour ?$34.00 ?$34.50 What is the total variable overhead? variance? A. ?$2,900.00 unfavorable B. ?$3,450.00 unfavorable C. ?$2,900.00 favorable D. ?$3,450.00 favorable
Standard machine hours per unit of output 4 hours Standard variable-overhead rate per machine hour 8.00...
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...
Data Allocation base Machine-hours Estimated manufacturing overhead cost $300,000 Estimated total amount of the allocation base...
Data Allocation base Machine-hours Estimated manufacturing overhead cost $300,000 Estimated total amount of the allocation base 75,000 machine-hours Actual manufacturing overhead cost $290,000 Actual total amount of the allocation base 68,000 machine-hours Computation of the predetermined overhead rate Estimated manufacturing overhead cost ? Estimated total amount of the allocation base ? machine-hours Predetermined overhead rate ? per machine-hour Computation of underapplied or overapplied manufacturing overhead Actual manufacturing overhead cost ? Manufacturing overhead cost applied to Work in Process during the...
Assume the variable overhead standard is 5 machine hours at $7 per hour and the fixed...
Assume the variable overhead standard is 5 machine hours at $7 per hour and the fixed overhead standard is 5 machine hours at $9 per hour based on a planned activity of 35,000 machine hours when 7,000 units were scheduled to be produced. Given the following data: Actual variable overhead incurred: $254,750 Actual fixed overhead incurred: $375,000 Actual machine hours used: 34,800 Actual units produced: 7,100 the variable overhead efficiency variance is: Multiple Choice O $640 favorable. O $640 unfavorable....
4. Change the estimated total amount of the allocation base back to 39,000 machine-hours, so that...
4. Change the estimated total amount of the allocation base back to 39,000 machine-hours, so that the data area of you worksheet looks exactly the same as in Requirement 2. Now change the actual manufacturing overhead cost from $184,800 to $193,500. The data area of your worksheet should now look like this: 1 Chapter 3: Applying Excel 4 5 6 7 8 Data Allocation base Estimated manufacturing overhead cost Estimated total amount of the allocation base Actual manufacturing overhead cost...
Wadding Corporation applies manufacturing overhead to products on the basis of standard machine-hours. For the most...
Wadding Corporation applies manufacturing overhead to products on the basis of standard machine-hours. For the most recent month, the company based its budget on 4,600 machine-hours. Budgeted and actual overhead costs for the month appear below: Original Budget Based on 4,600 Machine-Hours Actual Costs Variable overhead costs: Supplies $ 11,880 $ 12,830 Indirect labor 40,100 40,800 Fixed overhead costs: Supervision 20,700 20,340 Utilities 6,900 6,870 Factory depreciation 7,900 8,210 Total overhead cost $ 87,480 $ 89,050 The company actually worked...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2,800 engines. The...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2,800 engines. The standard power cost is $1.90 per machine-hour. The company's standards indicate that each engine requires 10.6 machine-hours. Actual production was 3,100 engines. Actual machine-hours were 31380 machine-hours. Actual power cost totaled $62.280. Required: Determine the rate and efficiency variances for the variable overhead item power cost and indicate whether those variances are unfavorable or favorable. (Indicate the effect of each variance by selecting "F"...
24) Mongar Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and...
24) Mongar Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Original Budget Actual Costs Variable overhead costs: Supplies $ 7,980 $ 8,230 Indirect labor 29,820 29,610 Total variable manufacturing overhead cost $ 37,800 $ 37,840 The original budget was based on 4,200 machine-hours. The company actually worked 4,350 machine-hours during the month and the standard hours allowed for the actual output were 4,190 machine-hours....
ThingOne Company has the following information available for the past year. They use machine hours to...
ThingOne Company has the following information available for the past year. They use machine hours to allocate overhead. Actual total overhead $70,350 Actual fixed overhead $31,500 Actual machine hours 9,000 Standard hours for the units produced 8,700 Standard variable overhead rate $4.50 What is the variable overhead efficiency variance? Enter the amount as positive number. Variable overhead efficiency variance $???? Unfavorable
Bondi Corporation makes automotive engines. For the most recent month,, budgeted production was 2,500 engines. The...
Bondi Corporation makes automotive engines. For the most recent month,, budgeted production was 2,500 engines. The standard power cost is $1.60 per machine-hour. The company's standards indicate that each engine requires 10.3 machine-hours. Actual production was 2,800 engines. Actual machine-hours were 27,750 machine-hours. Actual power cost totaled $48,058. Required: Determine the rate and efficiency variances for the variable overhead item power cost. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no...
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...
Assume the variable overhead standard is 5 machine hours at $7 per hour and the fixed overhead standard is 5 machine hours at $9 per hour based on a planned activity of 35,000 machine hours when 7,000 units were scheduled to be produced. Given the following data: Actual variable overhead incurred: $254,750 Actual fixed overhead incurred: $375,000 Actual machine hours used: 34,800 Actual units produced: 7,100 the variable overhead efficiency variance is: Multiple Choice O $640 favorable. O $640 unfavorable....
4. Change the estimated total amount of the allocation base back to 39,000 machine-hours, so that the data area of you worksheet looks exactly the same as in Requirement 2. Now change the actual manufacturing overhead cost from $184,800 to $193,500. The data area of your worksheet should now look like this: 1 Chapter 3: Applying Excel 4 5 6 7 8 Data Allocation base Estimated manufacturing overhead cost Estimated total amount of the allocation base Actual manufacturing overhead cost...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2,800 engines. The standard power cost is $1.90 per machine-hour. The company's standards indicate that each engine requires 10.6 machine-hours. Actual production was 3,100 engines. Actual machine-hours were 31380 machine-hours. Actual power cost totaled $62.280. Required: Determine the rate and efficiency variances for the variable overhead item power cost and indicate whether those variances are unfavorable or favorable. (Indicate the effect of each variance by selecting "F"...
Bondi Corporation makes automotive engines. For the most recent month,, budgeted production was 2,500 engines. The standard power cost is $1.60 per machine-hour. The company's standards indicate that each engine requires 10.3 machine-hours. Actual production was 2,800 engines. Actual machine-hours were 27,750 machine-hours. Actual power cost totaled $48,058. Required: Determine the rate and efficiency variances for the variable overhead item power cost. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no...
Most questions answered within 3 hours.
-
Nature Conservancy's leader abruptly steps
down.
One morning in October 2007, Steven. J. McCormick the president...
asked 5 minutes ago -
I asked a question similar to this one, which was answered
perfectly. Another practice problem is...
asked 13 minutes ago -
Rachel is studying cholesterol synthesis in mice. Some mice
had a mutation in their sterol regulatory...
asked 10 minutes ago -
Railco sells to its customers on account with terms of 2% / 5
/net 15. Ronco...
asked 18 minutes ago -
Refer to the following lease amortization schedule. The 10
payments are made annually starting with the...
asked 32 minutes ago -
Explain how God fits into Aquinas' theory of happiness.
asked 40 minutes ago -
1.1 With aid of diagrams and suitable examples discuss
the economic effects of price controls.
1.2...
asked 45 minutes ago -
When the nuclide polonium-214 undergoes alpha
decay:
The name of the product nuclide is .
The...
asked 59 minutes ago -
Q. The market demand function is D(Pd) = 160 - 2Pd and the
market supply function...
asked 1 hour ago -
An unknown alcohol is analyzed by freezing point depression. The
unknown is either methanol (CH3OH), ethanol...
asked 1 hour ago -
As a person inhales, air moves down the windpipe (bronchus),
through a constriction where the air...
asked 1 hour ago -
Youngchang Keyboard sells a $1400 keyboard on a monthly payment
plan over 2 years.
a) If...
asked 1 hour ago