The predetermined overhead rate for Shannon Company is $8, comprised of a variable overhead rate of...
The predetermined overhead rate for Shannon Company is $8, comprised of a variable overhead rate of $5 and a fixed rate of $3. The amount of budgeted overhead costs at normal capacity of $240,000 was divided by normal capacity of 30,000 direct labor hours, to arrive at the predetermined overhead rate of $8. Actual overhead for June was $15,800 variable and $9,100 fixed, and standard hours allowed for the product produced in June was 3,000 hours. What is the total overhead variance?
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The predetermined overhead rate for Shannon Company is
$8, comprised of a variable overhead rate of...
HELP NOW DUE IN 30 MIN Multiple Choice Question 137 The predetermined overhead rate for Waterway...
HELP NOW DUE IN 30 MIN Multiple Choice Question 137 The predetermined overhead rate for Waterway Industries is $5, comprised of a variable overhead rate of $3 and a fixed rate of $2. The amount of budgeted overhead costs at normal capacity of $150000 was divided by normal capacity of 30000 direct labor hours, to arrive at the predetermined overhead rate of $5. Actual overhead for June was $13948 variable and $8800 fixed, and standard hours allowed for the product...
Mikan Company's standard predetermined overhead rate is $9 per direct labor hour. For the month of...
Mikan Company's standard predetermined overhead rate is $9 per direct labor hour. For the month of June, 26,000 actual hours were worked, and 27,000 standard hours were allowed. If the $9 per hour overhead rate includes $5 variable, and actual overhead costs were $248,000, what is the overhead controllable variance for June? The normal capacity hours were 28,000. Is the variance favorable or unfavorable? Overhead controllable variance $
Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and...
Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 120,000 units per year. The total budgeted overhead at normal capacity is $720,000 comprised of $240,000 of variable costs and $480,000 of fixed costs. Byrd applies overhead on the basis of direct labor hours. During the current year, Byrd produced 77,100 putters,...
Urbana Company calculates its predetermined manufacturing overhead rates using normal capacity, which is 288,000 units. The...
Urbana Company calculates its predetermined manufacturing overhead rates using normal capacity, which is 288,000 units. The standard cost system allows 2 direct labor hours per unit produced. Manufacturing overhead is applied using direct labor hours. The total budgeted manufacturing overhead is $3,168,000, of which $864,000 is fixed manufacturing overhead. The actual results for the year are as follows. 5. The company's variable manufacturing overhead efficiency (quantity) variance is: $24,000 F. (b) $40,000 U. $40,000 F. $24,000 U. (a) URBANA COMPANY...
Exercise 10A-2 Predetermined Overhead Rate; Overhead Variances [LO10-3, LO10-4] Norwall Company’s budgeted variable manufacturing overhead cost...
Exercise 10A-2 Predetermined Overhead Rate; Overhead Variances [LO10-3, LO10-4] Norwall Company’s budgeted variable manufacturing overhead cost is $1.20 per machine-hour and its budgeted fixed manufacturing overhead is $81,744 per month. The following information is available for a recent month: The denominator activity of 31,440 machine-hours is used to compute the predetermined overhead rate. At a denominator activity of 31,440 machine-hours, the company should produce 13,100 units of product. The company’s actual operating results were: Number of units produced 14,120 Actual...
Norwall Company's budgeted variable manufacturing overhead cost is $1.40 per machine-hour and its budgeted fixed manufacturing...
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...
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:...
Exercise 21-19 Computation of total overhead rate and total overhead variance LO P3 World Company expects...
Exercise 21-19 Computation of total
overhead rate and total overhead variance LO P3 World Company
expects to operate at 80% of its productive capacity of 50,000
units per month. At this planned level, the company expects to use
25,000 standard hours of direct labor. Overhead is allocated to
products using a predetermined standard rate of 0.625 direct labor
hours per unit. At the 80% capacity level, the total budgeted cost
includes $50,000 fixed overhead cost and $275,000 variable overhead
cost....
Une vallarice. EXERCISE 10A-2 Predetermined Overhead Rate; Overhead Variances LO10-3, L010-4 Norwall Company's budgeted variable manufacturing...
Une vallarice. EXERCISE 10A-2 Predetermined Overhead Rate; Overhead Variances LO10-3, L010-4 Norwall Company's budgeted variable manufacturing overhead cost is $3.00 per machine-hour and its budgeted fixed manufacturing overhead is $300,000 per month. The following information is available for a recent month: a. The denominator activity of 60,000 machine-hours is used to compute the predetermined overhead rate. b. At a denominator activity of 60,000 machine-hours, the company should produce 40,000 units of product C. The company's actual operating results were: Number...
Concord Company produces one product, a putter called GO-Putter. Concord uses a standard cost system and determines that...
Concord Company produces one product, a putter called GO-Putter. Concord uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 120,000 units per year. The total budgeted overhead at normal capacity is $1,080,000 comprised of $420,000 of variable costs and $660,000 of fixed costs. Concord applies overhead on the basis of direct labor hours. During the current year, Concord produced 75,300 putters,...
Mikan Company's standard predetermined overhead rate is $9 per direct labor hour. For the month of June, 26,000 actual hours were worked, and 27,000 standard hours were allowed. If the $9 per hour overhead rate includes $5 variable, and actual overhead costs were $248,000, what is the overhead controllable variance for June? The normal capacity hours were 28,000. Is the variance favorable or unfavorable? Overhead controllable variance $
Urbana Company calculates its predetermined manufacturing overhead rates using normal capacity, which is 288,000 units. The standard cost system allows 2 direct labor hours per unit produced. Manufacturing overhead is applied using direct labor hours. The total budgeted manufacturing overhead is $3,168,000, of which $864,000 is fixed manufacturing overhead. The actual results for the year are as follows. 5. The company's variable manufacturing overhead efficiency (quantity) variance is: $24,000 F. (b) $40,000 U. $40,000 F. $24,000 U. (a) URBANA COMPANY...
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...
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:...
Exercise 21-19 Computation of total
overhead rate and total overhead variance LO P3 World Company
expects to operate at 80% of its productive capacity of 50,000
units per month. At this planned level, the company expects to use
25,000 standard hours of direct labor. Overhead is allocated to
products using a predetermined standard rate of 0.625 direct labor
hours per unit. At the 80% capacity level, the total budgeted cost
includes $50,000 fixed overhead cost and $275,000 variable overhead
cost....
Une vallarice. EXERCISE 10A-2 Predetermined Overhead Rate; Overhead Variances LO10-3, L010-4 Norwall Company's budgeted variable manufacturing overhead cost is $3.00 per machine-hour and its budgeted fixed manufacturing overhead is $300,000 per month. The following information is available for a recent month: a. The denominator activity of 60,000 machine-hours is used to compute the predetermined overhead rate. b. At a denominator activity of 60,000 machine-hours, the company should produce 40,000 units of product C. The company's actual operating results were: Number...
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