Absolute Systems allocates manufacturing overhead based on machine hours. Each connector should require 10 machine hours....
Absolute Systems allocates manufacturing overhead based on machine hours. Each connector should require 10 machine hours. According to the static budget, Absolute expected to incur the following:
|
800 machine hours per month (80connectors x 10 machine hours per connector) |
|
$5,000 in variable manufacturing overhead costs |
|
$9,450 in fixed manufacturing overhead costs |
During August, Absolute actually used 750 machine hours to make 120 connectors and spent $ 5,100 in variable manufacturing costs and $ 8,000 in fixed manufacturing overhead costs. Calculate the variable overhead cost variance for Absolute.
Homework Answers
Variable overhead cost variance = Standard variable overhead-Actual variable overhead
= (120*10*6.25)-5100
Variable overhead cost Variance = 2400 F
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Absolute Systems allocates manufacturing overhead based on
machine hours. Each connector should require 10 machine hours....
Absolute Systems allocates manufacturing overhead based on machine hours. Each connector should require 5 machine hours....
Absolute Systems allocates manufacturing overhead based on machine hours. Each connector should require 5 machine hours. According to the static budget, Absolute expected to incur the following (Click the icon to view the static budget information) During August, Absolute actually used 500 machine hours to make 120 connectors and spent $5,000 in variable manufacturing costs and 58,000 in fored manufacturing overhead costs Calculate the variable overhead efficiency variance for Absolute More info O A. $7,000 F OB. 55,000 OC. 53,000...
Absolute Systems allocates manufacturing overhead based on machine hours. Each connector should require 5 machinebours According...
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#5
Suit U produces uniforms. The company allocates manufacturing
overhead based on the machine hours each job uses. Suit Up reports
the following cost data for the past year:
answers in blue boxes are wrong, please correct
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#5
Suit U produces uniforms. The company allocates manufacturing
overhead based on the machine hours each job uses. Suit Up reports
the following cost data for the past year:
answers in blue boxes are wrong, please correct
Actual Budget 7,300 hours 7,100 hours $ 20,000 $ 50,500 6,100 hours 6,300 hours $ 20,000 $ 53,500 Direct labor hours ........ Machine hours .. Depreciation on salespeople's autos ........ Indirect materials Depreciation on trucks used to deliver uniforms to customers Depreciation on...
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