Homework Answers
7.
Actual variable overhead = $170,000
Budgeted variable overhead rate per unit = Budgeted hours per unit x Budgeted variable overhead rate per hour
= 5 x 3
= $15
Actual output = 11,800 units
Budgeted variable overhead for 11,800 units = 11,800 x 15
= $177,000
Variable factory overhead controllable variance = Actual variable overhead - Budgeted variable overhead
= 170,000 - 177,000
= $7,000 Favorable
Correct option is (A)
8.
Budgeted fixed overhead for 12,000 units = $360,000
Fixed overhead rate per unit = 360,000/12,000
= $30
Absorbed fixed overhead = Actual output x Standard fixed overhead rate per unit
= 11,800 x 30
= $354,000
Budgeted fixed overhead = $360,000
Fixed factory overhead volume variance = Absorbed fixed overhead - Budgeted fixed overhead
= 354,000 - 360,000
= $6,000 favorable
Correct option is (c)
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