May I have help finding the variable spending variance, fixed overhead volume variance, and fixed overhead spending variance? I am confused as to what to multiply and divide by...
Homework Answers
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variable spending variance = actual hrs. (actual OH rate - Std OH rate) |
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=5832 (720000/5400 - 700000/5000) |
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=5832 (133.33 - 140) = 38899.4 Favourable |
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Fixed Overhead Volume Variance = Applied fixed OH – budgeted fixed OH |
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=5832 * (650000/5000) - 650000 = 108160 Favourable |
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Fixed overhead spending variance= actual fixed OH - budgeted fixed OH |
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=765000 - 650000 = 115000 Favourable |
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May I have help finding the variable spending variance, fixed
overhead volume variance, and fixed overhead...
Skizone Company's 4 - Variance Analysis: Efficiency Variance Spending Variance $7,000 F Variable overhead Fixed overhead...
Skizone Company's 4 - Variance Analysis: Efficiency Variance Spending Variance $7,000 F Variable overhead Fixed overhead $17,000 U No variance Production - Volume Variance No variance $48,000 U (a) If Skizone's combined 4 - Variance Analysis shows an unfavorable spending variance of $2,000, what is the fixed overhead spending variance (a)? O A. $5,000 unfavorable O B. $9,000 unfavorable C. $5,000 favorable OD. $9,000 favorable
1. Variable overhead spending? 2. Variable overhead efficiency variance? 3. Total variable overhead variance? 4. Fixed...
1. Variable overhead spending?
2. Variable overhead efficiency variance?
3. Total variable overhead variance?
4. Fixed overhead spending variance?
5. Fixed overhead volume variance?
6. Total fixed overhead variance?
Montreal Inc. manufactures garden hoses for large stores. The standard costs for a dozen garden hoses are as follows: Direct materials Direct labour 24 m x $2 per metre = $48.00 3.40 hours x $12 per hour = $40.80 During February, Montreal Inc. worked on three separate orders of garden hoses....
I need help with finding what formulas to use and how to solve these two questions. 1. What is the direct labor rate variance? 2. What is the fixed overhead volume variance amount? The given: Martin C...
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W 13. Woods, Inc. budgeted the following overhead costs for the current year assuming operations at 80% of capacity, of 40,000 units Please show all your work. Attach a separate sheet to the exam if necessary. Total variable overhead .. Total fixed overhead. Total overhead. $240,000 560.000 $800,000 The standard cost per unit when operating at this same 80% capacity level is: con Direct materials (5 lbs. @ S4/lb.) ..... Direct labor (2 hrs. @ 58.75 hr.) ..... $20.00 17.50...
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I have completed 1and 2, but I need help with number 3 (compute overhead controllable volume variances) Required...
I have completed 1and 2, but I need help with number 3
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Required information [The following information applies to the questions displayed below Trico Company set the following standard unit costs for its single product Direct materials (30 Ibs.$4.80 per Ib.) Direct labor (7 hrs. @ $14 per hr. Factory overhead-variable (7 hrs. $6 per hr.) Factory overhead-fixed (7 hrs.$9 per hr) Total standard cost $ 144.0 98.00 42.00 63.00 $ 347.00 The predetermined overhead...
What is the variable overhead (VOH) spending variance for Terry Company for the period, to the nearest whole dollar? Mu...
What is the variable overhead (VOH) spending variance
for Terry Company for the period, to the nearest whole dollar?
Multiple Choice
$600 favorable.
$800 unfavorable.
$1,000 unfavorable.
$1,400 favorable.
$1,400 unfavorable.
The following information is available from the Terry Company: Actual total factory overhead cost incurred Actual fixed overhead cost incurred Budgeted fixed overhead expenses Actual direct labor hours (DLH) worked Standard DLHs for this period's production (output) Standard variable overhead rate per DLH Standard fixed overhead rate per DLH...
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Static Plexible Volume Purchasing manager Favorable Unfavorable Debit Credit Fixed overhead budget Fixed overhead volune Spending...
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Skizone Company's 4 - Variance Analysis: Efficiency Variance Spending Variance $7,000 F Variable overhead Fixed overhead $17,000 U No variance Production - Volume Variance No variance $48,000 U (a) If Skizone's combined 4 - Variance Analysis shows an unfavorable spending variance of $2,000, what is the fixed overhead spending variance (a)? O A. $5,000 unfavorable O B. $9,000 unfavorable C. $5,000 favorable OD. $9,000 favorable
1. Variable overhead spending?
2. Variable overhead efficiency variance?
3. Total variable overhead variance?
4. Fixed overhead spending variance?
5. Fixed overhead volume variance?
6. Total fixed overhead variance?
Montreal Inc. manufactures garden hoses for large stores. The standard costs for a dozen garden hoses are as follows: Direct materials Direct labour 24 m x $2 per metre = $48.00 3.40 hours x $12 per hour = $40.80 During February, Montreal Inc. worked on three separate orders of garden hoses....
W 13. Woods, Inc. budgeted the following overhead costs for the current year assuming operations at 80% of capacity, of 40,000 units Please show all your work. Attach a separate sheet to the exam if necessary. Total variable overhead .. Total fixed overhead. Total overhead. $240,000 560.000 $800,000 The standard cost per unit when operating at this same 80% capacity level is: con Direct materials (5 lbs. @ S4/lb.) ..... Direct labor (2 hrs. @ 58.75 hr.) ..... $20.00 17.50...
Note: Show favorable variances as negative numbers What was the variable overhead efficiency variance ? What was the variable OH spending variance ? What is the fixed OH volume (denominator) variance? What is the fixed OH spending variance? F G H Variance Analysis 12 Special order lamps are manufactured in division S. Because of the precise nature of the process a 19 standard cost system has been developed. The following standards are used for the special orders: 20 21 ....
I have completed 1and 2, but I need help with number 3
(compute overhead controllable volume variances)
Required information [The following information applies to the questions displayed below Trico Company set the following standard unit costs for its single product Direct materials (30 Ibs.$4.80 per Ib.) Direct labor (7 hrs. @ $14 per hr. Factory overhead-variable (7 hrs. $6 per hr.) Factory overhead-fixed (7 hrs.$9 per hr) Total standard cost $ 144.0 98.00 42.00 63.00 $ 347.00 The predetermined overhead...
What is the variable overhead (VOH) spending variance
for Terry Company for the period, to the nearest whole dollar?
Multiple Choice
$600 favorable.
$800 unfavorable.
$1,000 unfavorable.
$1,400 favorable.
$1,400 unfavorable.
The following information is available from the Terry Company: Actual total factory overhead cost incurred Actual fixed overhead cost incurred Budgeted fixed overhead expenses Actual direct labor hours (DLH) worked Standard DLHs for this period's production (output) Standard variable overhead rate per DLH Standard fixed overhead rate per DLH...
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