Variable overhead efficiency variance is the difference between the actual overhead rate and the standard overhead...
Variable overhead efficiency variance is the difference between the actual overhead rate and the standard overhead rate expected for the units produced. true or false
Homework Answers
Answer: False
Variable Overhead Efficiency Variance is the Difference Between the Actual Labout hours and the Standard Labour hours and multiplied by the Standard Rate.
Variable Overhead Variance = ( Actual Labor Hours - Standard Labor hours) * Standard Rate
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Variable overhead efficiency variance is the difference between
the actual overhead rate and the standard overhead...
Explanation not necessary The variable overhead efficiency variance is caused by the difference between which of...
Explanation not necessary The variable overhead efficiency variance is caused by the difference between which of the following? A actual and budgeted units B. actual and standard overhead rates C. actual and standard allocation base D. actual units and actual overhead rates This standard is set at a level that could be achieved if everything ran perfectly. A unattainable standard B. attainable standard C. variance from standard D. ideal standard Which of the following statements is not correct? A The...
U lu di stuttenng -- Saved The overhead cost variance is: The difference between the overhead...
U lu di stuttenng -- Saved The overhead cost variance is: The difference between the overhead costs actually incurred and the overhead budgeted at the actual operating level 0 The difference between the actual overhead incurred during a period and the standard overhead applied. 0 The difference between actual and budgeted cost caused by the difference between the actual price per unit and the budgeted price per unit 0 The costs that should be incurred under normal conditions to produce...
Assume that machine hours is the cost driver for overhead. The difference between the actual variable...
Assume that machine hours is the cost driver for overhead. The difference between the actual variable overhead incurred and the applied variable overhead is the: Select one: a. spending variance. b. volume variance. c. efficiency variance. d. sum of the spending and efficiency variances. e. production variance.
_ 16. The total manufacturing cost variance is a. the difference between actual costs and standard...
_ 16. The total manufacturing cost variance is a. the difference between actual costs and standard costs for units produced b. the flexible budget variance plus the time variance c. the difference between planned costs and standard costs for units produced d. None of these choices
Standard Actual Variable overhead rate $3.351 Fixed overhead rate $1.80 Hours 18,900 17,955* Fixed overhead $46,000 Act...
Standard Actual Variable overhead rate $3.351 Fixed overhead rate $1.80 Hours 18,900 17,955* Fixed overhead $46,000 Actual variable overhead $67,430 Total factory overhead $101.450 * Actual hours are equal to standard hours for units produced. 32. The fixed factory overhead volume variance is:
Units produced = 120,000; Standard Direct labor hours per Unit = 0.35; Standard variable overhead rate...
Units produced = 120,000; Standard Direct labor hours per Unit = 0.35; Standard variable overhead rate per direct labor hour = $4; Actual variable overhead costs = $105,000; Actual hours worked = 30,000. Calculate variable overhead spending variance and variable overhead efficiency variance
CGS @ Standard 1,000,000 Direct labor rate variance 120,000 Direct labor efficiency variance (30,000) Direct materials...
CGS @ Standard 1,000,000 Direct labor rate variance 120,000 Direct labor efficiency variance (30,000) Direct materials price variance (50,000) Direct materials quantity variance (60,000) Fixed overhead budget variance (100,000) Fixed overhead volume variance (100,000) Variable overhead spending variance (10,000) Variable overhead efficiency variance 80,000 Adjusted Cost of Goods Sold 850,000 Indicate which of the following is most consistent with the information above: A. The firm used less of the variable overhead driver than they should have, given the amount they...
1) The sum of the variable overhead spending variance, the variable overhead efficiency variance, and the...
1) The sum of the variable overhead spending variance, the variable overhead efficiency variance, and the fixed overhead spending variance is the: Select one: a. Production variance. b. Quantity variance. c. Volume variance. d. Price variance. e. Controllable variance. 2) Capital budgeting decisions are risky because: Select one: a. The outcome is uncertain. b. Large amounts of money are usually involved. c. The investment involves a long-term commitment. d. The decision could be difficult or impossible to reverse. e. All...
2. Compute the direct labor cost variance, including its rate and efficiency variances. Standard Cost Actual...
2. Compute the direct labor cost variance, including its rate and efficiency variances. Standard Cost Actual Cost $ $ 0 0 0 0 3. Compute the overhead controllable and volume variances. Controllable Variance Actual overhead Budgeted overhead Controllable variance Fixed overhead volume variance Budgeted fixed overhead Fixed overhead cost applied Fixed overhead volume variance Check my work 1 ! Required information 12.5 [The following information applies to the questions displayed below.] points Trico Company set the following standard unit costs...
Please find the correct Variable Overhead Rate Variance for #3. thank you! Norwall Company's budgeted variable...
Please find the correct Variable Overhead Rate Variance for
#3. thank you!
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:...
Explanation not necessary The variable overhead efficiency variance is caused by the difference between which of the following? A actual and budgeted units B. actual and standard overhead rates C. actual and standard allocation base D. actual units and actual overhead rates This standard is set at a level that could be achieved if everything ran perfectly. A unattainable standard B. attainable standard C. variance from standard D. ideal standard Which of the following statements is not correct? A The...
U lu di stuttenng -- Saved The overhead cost variance is: The difference between the overhead costs actually incurred and the overhead budgeted at the actual operating level 0 The difference between the actual overhead incurred during a period and the standard overhead applied. 0 The difference between actual and budgeted cost caused by the difference between the actual price per unit and the budgeted price per unit 0 The costs that should be incurred under normal conditions to produce...
_ 16. The total manufacturing cost variance is a. the difference between actual costs and standard costs for units produced b. the flexible budget variance plus the time variance c. the difference between planned costs and standard costs for units produced d. None of these choices
Standard Actual Variable overhead rate $3.351 Fixed overhead rate $1.80 Hours 18,900 17,955* Fixed overhead $46,000 Actual variable overhead $67,430 Total factory overhead $101.450 * Actual hours are equal to standard hours for units produced. 32. The fixed factory overhead volume variance is:
2. Compute the direct labor cost variance, including its rate and efficiency variances. Standard Cost Actual Cost $ $ 0 0 0 0 3. Compute the overhead controllable and volume variances. Controllable Variance Actual overhead Budgeted overhead Controllable variance Fixed overhead volume variance Budgeted fixed overhead Fixed overhead cost applied Fixed overhead volume variance Check my work 1 ! Required information 12.5 [The following information applies to the questions displayed below.] points Trico Company set the following standard unit costs...
Please find the correct Variable Overhead Rate Variance for
#3. thank you!
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:...
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