Variable Overhead Rate Variance = Actual Variable Overhead Cost
- Actual machine-hours * Standard Variable Overhead Rate
Variable Overhead Rate Variance = $38,290 - 27,350 * $1.25
Variable Overhead Rate Variance = $4,102.50 Unfavorable
Variable Overhead Efficiency Variance = Standard Variable
Overhead Rate * (Actual machine-hours - Standard
machine-hours)
Variable Overhead Efficiency Variance = $1.25 * (27,350 -
28,485)
Variable Overhead Efficiency Variance = $1,418.75 Favorable
Fixed Overhead Budget Variance = Actual Fixed Overhead Cost -
Actual machine-hours * Standard Fixed Overhead Rate
Fixed Overhead Budget Variance = $99,300 - 27,350 * $3.60
Fixed Overhead Budget Variance = $840 Unfavorable
Fixed Overhead Volume Variance = Standard Fixed Overhead Rate *
(Actual machine-hours - Standard machine-hours)
Fixed Overhead Volume Variance = $3.60 * (27,350 - 28,485)
Fixed Overhead Volume Variance = $4,086 Favorable
Norwall Company's budgeted variable manufacturing overhead cost is $1.25 per machine-hour and its budgeted fixed manufacturing...
Norwall Company's budgeted variable manufacturing overhead cost is $1.30 per machine-hour and its budgeted fixed manufacturing overhead is $85,347 per month. The following information is available for a recent month: a. The denominator activity of 29,430 machine-hours is used to compute the predetermined overhead rate. b. At a denominator activity of 29,430 machine-hours, the company should produce 10,900 units of product. c. The company's actual operating results were: Number of units produced 11,840 30,430 $ 45,645 $ 84,800 Actual machine-hours...
Norwall Company's budgeted variable manufacturing overhead cost is $1.40 per machine-hour and its budgeted fixed manufacturing overhead is $77,350 per month. The following information is available for a recent month: a. The denominator activity of 22,750 machine-hours is used to compute the predetermined overhead rate. b. At a denominator activity of 22,750 machine-hours, the company should produce 9,100 units of product. c. The company's actual operating results were: Number of units produced Actual machine-hours Actual variable manufacturing overhead cost Actual...
Norwall Company’s budgeted variable manufacturing overhead cost is $1.30 per machine-hour and its budgeted fixed manufacturing overhead is $30,624 per month. The following information is available for a recent month: The denominator activity of 9,570 machine-hours is used to compute the predetermined overhead rate. At a denominator activity of 9,570 machine-hours, the company should produce 3,300 units of product. The company’s actual operating results were: Number of units produced 4,570 Actual machine-hours 10,090 Actual variable manufacturing overhead cost $ 14,630...
Norwall Company's budgeted variable manufacturing overhead cost is $1.40 per machine-hour and its budgeted fixed manufacturing overhead is $77,350 per month. The following information is available for a recent month: a. The denominator activity of 22,750 machine-hours is used to compute the predetermined overhead rate. b. At a denominator activity of 22,750 machine-hours, the company should produce 9,100 units of product. c. The company's actual operating results were: Number of units produced Actual machine-hours Actual variable manufacturing overhead cost Actual...
Norwall Company's budgeted variable manufacturing overhead cost is $1.30 per machine-hour and its budgeted fixed manufacturing overhead is $30,624 per month. The following information is available for a recent month: a. The denominator activity of 9,570 machine-hours is used to compute the predetermined overhead rate. b. At a denominator activity of 9,570 machine-hours, the company should produce 3,300 units of product. c. The company's actual operating results were: Number of units produced Actual machine-hours Actual variable manufacturing overhead cost Actual...
Norwall Company's budgeted variable manufacturing overhead cost is $1.90 per machine-hour and its budgeted fixed manufacturing overhead is $87,000 per month. The following information is available for a recent month: a. The denominator activity of 34,800 machine-hours is used to compute the predetermined overhead rate. b. At a denominator activity of 34,800 machine-hours, the company should produce 12,000 units of product. c. The company's actual operating results were: Number of units produced Actual machine-hours Actual variable manufacturing overhead cost Actual...
Norwall Company's budgeted variable manufacturing overhead cost is $1.20 per machine-hour and its budgeted fixed manufacturing overhead is $105,966 per month. The following information is available for a recent month: a. The denominator activity of 33,640 machine-hours is used to compute the predetermined overhead rate. b. At a denominator activity of 33,640 machine-hours, the company should produce 11,600 units of product. c. The company's actual operating results were: Number of units produced Actual machine-hours Actual variable manufacturing overhead cost Actual...
Norwall Company's budgeted variable manufacturing overhead cost is $1.80 per machine-hour and its budgeted fixed manufacturing overhead is $54,868 per month. The following information is available for a recent month: a. The denominator activity of 25,520 machine-hours is used to compute the predetermined overhead rate. b. At a denominator activity of 25,520 machine-hours, the company should produce 11,600 units of product. c. The company's actual operating results were: Number of units produced Actual machine-hours Actual variable manufacturing overhead cost Actual...
Norwall Company's budgeted variable manufacturing overhead cost is $1.90 per machine-hour and its budgeted fixed manufacturing overhead is $87,000 per month. The following information is available for a recent month: a. The denominator activity of 34,800 machine-hours is used to compute the predetermined overhead rate. b. At a denominator activity of 34,800 machine-hours, the company should produce 12,000 units of product. c. The company's actual operating results were: Number of units produced Actual machine-hours Actual variable manufacturing overhead cost Actual...
Norwall Company's budgeted variable manufacturing overhead cost is $1.90 per machine-hour and its budgeted fixed manufacturing overhead is $87,000 per month. The following information is available for a recent month a. The denominator activity of 34,800 machine-hours is used to compute the predetermined overhead rate b. At a denominator activity of 34,800 machine-hours, the company should produce 12,000 units of product. c. The company's actual operating results were Number of units produced Actual machine-hours Actual variable manufacturing overhead cost Actual...