The following data have been provided by Mathews Corporation: Budgeted production 6,900 units Standard machine-hours per...
The following data have been provided by Mathews Corporation: Budgeted production 6,900 units Standard machine-hours per unit 9.4 machine-hours Standard lubricants rate $ 1.20 per machine-hour Standard supplies rate $ 1.00 per machine-hour Actual production 7,000 units Actual machine-hours (total) 66,230 machine-hours Actual lubricants cost (total) $78,100 Actual supplies cost (total) $66,536 Lubricants and supplies are both elements of variable manufacturing overhead. The variable overhead rate variance for lubricants is closest to:
Homework Answers
Variance =( actual rate - standard rate )× actual unit
=( $1.18 - $1.2)× 7000 units
= $140 favourable.
Note ::
Actual cost per lubricant = actual cost / actual hours
=$78,100/66.230
=$1.18 per lubricant
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The following data have been provided by Mathews Corporation:
Budgeted production 6,900 units Standard machine-hours per...
2. The following data have been provided by Lopus Corporation: Budgeted production Standard machine-hours per unit Sta...
2.
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