Managerial Accounting
Industries produced 5,000 tables last month. The standard variable manufacturing overhead (MOH) rate used by the company is per machine hour. Each table requires machine hours. Actual machine hours used last month were ,and the actual variable MOH rate last month was .
Requirements
1. Calculate the variable overhead rate variance.
2. Calculate the variable overhead efficiency variance.
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Sanders Industries produced 4,500 tables last month. The standard variable manufacturing overhead (MOH) rate used by...
Sanders Industries produced 4,500 tables last month. The standard variable manufacturing overhead (MOH) rate used by the company is $15 per machine hour. Each table requires 0.5 machine hours. Actual machine hours used last month were 2,300, and the actual variable MOH rate last month was $13.00 Requirements 1. Calculate the variable overhead rate variance 2. Calculate the variable overhead efficiency variance, Requirement 1. Calculate the variable overhead rate variance. Begin by determining the formula for the variable overhead rate...
Sanders Industries produced 5,000 tables last month. The standard variable manufacturing overhead (MOH) rate used by...
Sanders Industries produced 5,000 tables last month. The standard variable manufacturing overhead (MOH) rate used by the company is $15 per machine hour. Each table requires 02 machine hours. Actual machine hours used last month were 970, and the actual variable MOH rate last month was $13.00 Requirements 1. Calculate the variable overhead rate variance. 2. Calculate the variable overhead officiency variance Requirement 1. Calculate the variable overhead rate variance. Begin by determining the formula for the variable overhead rate...
Simmons Industries produced 2.500 tables last month. The standard variable manufacturing overhead (MOH) rate used by...
Simmons Industries produced 2.500 tables last month. The standard variable manufacturing overhead (MOH) rate used by the company is $25 per machine hour. Each table requires 0.5 machine hour. Actual machine hours used last month were 1.270, and the actual variable MOH rate last month was $24.00 Requirements 1. Calculate the variable overhead rate variance. 2. Calculate the variable overhead efficiency variance Requirement 1. Calculate the variable overhead rate variance Begin by determining the formula for the variable overhead rate...
Managerial Accounting
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Bauer Manufacturing produces luxury dog houses. Each dog house requires 3.0 hours of machine time for...
Bauer Manufacturing produces luxury dog houses. Each dog house requires 3.0 hours of machine time for its elaborate trim and finishing. For the current year, Bauer calculated to predetermined food manufacturing overhead (MOH) rate to be $28 per machine hour. The company budgets its fixed MOH to be $0.500 per month Last month, Bauer produced 1,000 dog houses and incurred $96.000 (actual) of fixed MOH. Read the requirements Requirement 1. Cakulate the fixed overhead budget variance Begin by determining the...
Wright Foods processes bags of organic frozen fruits sold at specialty grocery stores. Click the icon...
Wright Foods processes bags of organic frozen fruits sold at specialty grocery stores. Click the icon to view additional information.) Read the requirements. Begin by determing the formula for the variable MOH rate variance, then calculate the variable overhead rate variance. (Enter the result as a positive number. Enter rates to two decimal places. Label the variance as favorable (F) or unfavorable (U).) Variable overhead rate variance ) = This variance tells managers that Wright Foods actually incurred on variable...
Ceramics Etc. is a manufacturer of large flower pots for urban settings. The company has these...
Ceramics Etc. is a manufacturer of large flower pots for urban
settings. The company has these standards:
i Standard Price and Volume Direct materials (resin) 12 pounds per pot at a cost of $3.00 per pound 2.0 hours at a cost of $15.00 per hour Direct labor Standard variable manufacturing overhead rate $3.00 per direct labor hour Budgeted fixed manufacturing overhead $27,400 $8.00 per direct labor hour (DLH) Standard fixed MOH rate - X Actual Results Ceramics Etc. allocated fixed...
Standard Price and Volume Standards: Direct materials 21.0 yards per awning at $15.00 per yard Direct labor 5.0 hours p...
Standard Price and Volume Standards: Direct materials 21.0 yards per awning at $15.00 per yard Direct labor 5.0 hours per awning at $17.00 per hour Variable MOH standard rate $4.00 per direct labor hour Predetermined fixed MOH standard rate $7.00 per direct labor hour Total budgeted fixed MOH cost $78,200 Print Done X Actual Results 1 Purchased 51,750 yards at a total cost of $755,550 Used 47,500 yards in producing 2,300 awnings Actual direct labor cost of $194,256 for a...
Norwall Company's variable manufacturing overhead should be $1.95 per standard machine-hour and its fixed manufacturing overhead...
Norwall Company's variable manufacturing overhead should be $1.95 per standard machine-hour and its fixed manufacturing overhead should be $36,036 per month. The following information is available for a recent month: a. The denominator activity of 18,480 machine-hours is used to compute the predetermined overhead rate. b. At the 18,480 standard machine-hours level of activity, the company should produce 6,600 units of product. c. The company's actual operating results were: Number of units produced Actual machine-hours Actual variable manufacturing overhead cost...
Norwall Company’s budgeted variable manufacturing overhead cost is $1.30 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 $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...
Sanders Industries produced 4,500 tables last month. The standard variable manufacturing overhead (MOH) rate used by the company is $15 per machine hour. Each table requires 0.5 machine hours. Actual machine hours used last month were 2,300, and the actual variable MOH rate last month was $13.00 Requirements 1. Calculate the variable overhead rate variance 2. Calculate the variable overhead efficiency variance, Requirement 1. Calculate the variable overhead rate variance. Begin by determining the formula for the variable overhead rate...
Sanders Industries produced 5,000 tables last month. The standard variable manufacturing overhead (MOH) rate used by the company is $15 per machine hour. Each table requires 02 machine hours. Actual machine hours used last month were 970, and the actual variable MOH rate last month was $13.00 Requirements 1. Calculate the variable overhead rate variance. 2. Calculate the variable overhead officiency variance Requirement 1. Calculate the variable overhead rate variance. Begin by determining the formula for the variable overhead rate...
Simmons Industries produced 2.500 tables last month. The standard variable manufacturing overhead (MOH) rate used by the company is $25 per machine hour. Each table requires 0.5 machine hour. Actual machine hours used last month were 1.270, and the actual variable MOH rate last month was $24.00 Requirements 1. Calculate the variable overhead rate variance. 2. Calculate the variable overhead efficiency variance Requirement 1. Calculate the variable overhead rate variance Begin by determining the formula for the variable overhead rate...
Bauer Manufacturing produces luxury dog houses. Each dog house requires 3.0 hours of machine time for its elaborate trim and finishing. For the current year, Bauer calculated to predetermined food manufacturing overhead (MOH) rate to be $28 per machine hour. The company budgets its fixed MOH to be $0.500 per month Last month, Bauer produced 1,000 dog houses and incurred $96.000 (actual) of fixed MOH. Read the requirements Requirement 1. Cakulate the fixed overhead budget variance Begin by determining the...
Wright Foods processes bags of organic frozen fruits sold at specialty grocery stores. Click the icon to view additional information.) Read the requirements. Begin by determing the formula for the variable MOH rate variance, then calculate the variable overhead rate variance. (Enter the result as a positive number. Enter rates to two decimal places. Label the variance as favorable (F) or unfavorable (U).) Variable overhead rate variance ) = This variance tells managers that Wright Foods actually incurred on variable...
Ceramics Etc. is a manufacturer of large flower pots for urban
settings. The company has these standards:
i Standard Price and Volume Direct materials (resin) 12 pounds per pot at a cost of $3.00 per pound 2.0 hours at a cost of $15.00 per hour Direct labor Standard variable manufacturing overhead rate $3.00 per direct labor hour Budgeted fixed manufacturing overhead $27,400 $8.00 per direct labor hour (DLH) Standard fixed MOH rate - X Actual Results Ceramics Etc. allocated fixed...
Standard Price and Volume Standards: Direct materials 21.0 yards per awning at $15.00 per yard Direct labor 5.0 hours per awning at $17.00 per hour Variable MOH standard rate $4.00 per direct labor hour Predetermined fixed MOH standard rate $7.00 per direct labor hour Total budgeted fixed MOH cost $78,200 Print Done X Actual Results 1 Purchased 51,750 yards at a total cost of $755,550 Used 47,500 yards in producing 2,300 awnings Actual direct labor cost of $194,256 for a...
Norwall Company's variable manufacturing overhead should be $1.95 per standard machine-hour and its fixed manufacturing overhead should be $36,036 per month. The following information is available for a recent month: a. The denominator activity of 18,480 machine-hours is used to compute the predetermined overhead rate. b. At the 18,480 standard machine-hours level of activity, the company should produce 6,600 units of product. c. The company's actual operating results were: Number of units produced Actual machine-hours Actual variable manufacturing overhead cost...
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...
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