Vath Corporation, which makes landing gears, has provided the following data for a recent month: Budgeted...
Vath Corporation, which makes landing gears, has provided the
following data for a recent month:
| Budgeted production | 9,300 | gears |
| Standard machine-hours per gear | 4.0 | machine-hours |
| Budgeted supplies cost | $3.00 | per machine-hour |
| Actual production | 9,870 | gears |
| Actual machine-hours | 39,542 | machine-hours |
| Actual supplies cost (total) | $111,045 | |
Required:
Determine the rate and efficiency variances for the variable
overhead item supplies and indicate whether those variables are
favorable or unfavorable.
|
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Homework Answers
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Vath Corporation, which makes landing gears, has provided the
following data for a recent month:
Budgeted...
1. Buis Corporation, which makes landing gears, has provided the following data for a recent month:...
1. Buis Corporation, which makes landing gears, has provided the following data for a recent month: Budgeted production. Standard machine-hours per gear.. Budgeted supplies cost. Actual production. Actual machine-hours.. Actual supplies cost (total). 1,200 gears 5.9 machine-hours $6.50 per machine-hour 1,300 gears 7,950 machine-hours $49,742 Required: Determine the rate and efficiency variances for the variable overhead item supplies and indicate whether those variables are favorable or unfavorable. Show your work!
2. Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2,700 engines....
2.
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2,700 engines. The standard power cost is $1.80 per machine-hour. The company's standards indicate that each engine requires 10.5 machine-hours. Actual production was 3,000 engines. Actual machine-hours were 29,750 machine-hours. Actual power cost totaled $58,537. Required: Determine the rate and efficiency variances for the variable overhead item power cost and indicate whether those variances are unfavorable or favorable. (Indicate the effect of each variance by selecting...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2,800 engines. The...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2,800 engines. The standard power cost is $1.90 per machine-hour. The company's standards indicate that each engine requires 10.6 machine-hours. Actual production was 3,100 engines. Actual machine-hours were 31380 machine-hours. Actual power cost totaled $62.280. Required: Determine the rate and efficiency variances for the variable overhead item power cost and indicate whether those variances are unfavorable or favorable. (Indicate the effect of each variance by selecting "F"...
Bondi Corporation makes automotive engines. For the most recent month,, budgeted production was 2,500 engines. The...
Bondi Corporation makes automotive engines. For the most recent month,, budgeted production was 2,500 engines. The standard power cost is $1.60 per machine-hour. The company's standards indicate that each engine requires 10.3 machine-hours. Actual production was 2,800 engines. Actual machine-hours were 27,750 machine-hours. Actual power cost totaled $48,058. Required: Determine the rate and efficiency variances for the variable overhead item power cost. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 3,400 engines. The...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 3,400 engines. The standard power cost is $2.20 per machine-hour. The company's standards indicate that each engine requires 112 machine-hours. Actual production was 3,700 engines. Actual machine-hours were 39,740 machine-hours. Actual power cost totaled $89,780. Required: Determine the rate and efficiency variances for the variable overhead item power cost. (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2.500 engines. The...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2.500 engines. The standard power cost is $160 per machine-hour. The company's standards indicate that each engine requires 10.3 machine-hours. Actual production was 2.800 engines. Actual machine-hours were 27750 machine-hours. Actual power cost totaled $48,058 Required: Determine the rate and efficiency variances for the variable overhead item power cost. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 3,500 engines. The...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 3,500 engines. The standard power cost is $1.50 per machine-hour. The company's standards indicate that each engine requires 11.3 machine-hours. Actual production was 3,800 engines. Actual machine-hours were 41,340 machine-hours. Actual power cost totaled $66,642. Required: Determine the rate and efficiency variances for the variable overhead item power cost. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 3,500 engines. The...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 3,500 engines. The standard power cost is $1.50 per machine-hour. The company's standards indicate that each engine requires 11.3 machine-hours. Actual production was 3,800 engines. Actual machine-hours were 41,340 machine-hours. Actual power cost totaled $66,642. Required: Determine the rate and efficiency variances for the variable overhead item power cost. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2,100 engines. The...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2,100 engines. The standard power cost is $3.10 per machine-hour. The company's standards indicate that each engine requires 9.9 machine-hours. Actual production was 2,400 engines. Actual machine-hours were 22,670 machine-hours. Actual power cost totaled $74,909. Required: Determine the rate and efficiency variances for the variable overhead item power cost. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2,600 engines. The...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2,600 engines. The standard power cost is $1.70 per machine-hour. The company's standards indicate that each engine requires 10.4 machine-hours. Actual production was 2,900 engines. Actual machine-hours were 28,890 machine-hours. Actual power cost totaled $53,702. Required: Determine the rate and efficiency variances for the variable overhead item power cost. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no...
1. Buis Corporation, which makes landing gears, has provided the following data for a recent month: Budgeted production. Standard machine-hours per gear.. Budgeted supplies cost. Actual production. Actual machine-hours.. Actual supplies cost (total). 1,200 gears 5.9 machine-hours $6.50 per machine-hour 1,300 gears 7,950 machine-hours $49,742 Required: Determine the rate and efficiency variances for the variable overhead item supplies and indicate whether those variables are favorable or unfavorable. Show your work!
2.
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2,700 engines. The standard power cost is $1.80 per machine-hour. The company's standards indicate that each engine requires 10.5 machine-hours. Actual production was 3,000 engines. Actual machine-hours were 29,750 machine-hours. Actual power cost totaled $58,537. Required: Determine the rate and efficiency variances for the variable overhead item power cost and indicate whether those variances are unfavorable or favorable. (Indicate the effect of each variance by selecting...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2,800 engines. The standard power cost is $1.90 per machine-hour. The company's standards indicate that each engine requires 10.6 machine-hours. Actual production was 3,100 engines. Actual machine-hours were 31380 machine-hours. Actual power cost totaled $62.280. Required: Determine the rate and efficiency variances for the variable overhead item power cost and indicate whether those variances are unfavorable or favorable. (Indicate the effect of each variance by selecting "F"...
Bondi Corporation makes automotive engines. For the most recent month,, budgeted production was 2,500 engines. The standard power cost is $1.60 per machine-hour. The company's standards indicate that each engine requires 10.3 machine-hours. Actual production was 2,800 engines. Actual machine-hours were 27,750 machine-hours. Actual power cost totaled $48,058. Required: Determine the rate and efficiency variances for the variable overhead item power cost. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 3,400 engines. The standard power cost is $2.20 per machine-hour. The company's standards indicate that each engine requires 112 machine-hours. Actual production was 3,700 engines. Actual machine-hours were 39,740 machine-hours. Actual power cost totaled $89,780. Required: Determine the rate and efficiency variances for the variable overhead item power cost. (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2.500 engines. The standard power cost is $160 per machine-hour. The company's standards indicate that each engine requires 10.3 machine-hours. Actual production was 2.800 engines. Actual machine-hours were 27750 machine-hours. Actual power cost totaled $48,058 Required: Determine the rate and efficiency variances for the variable overhead item power cost. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 3,500 engines. The standard power cost is $1.50 per machine-hour. The company's standards indicate that each engine requires 11.3 machine-hours. Actual production was 3,800 engines. Actual machine-hours were 41,340 machine-hours. Actual power cost totaled $66,642. Required: Determine the rate and efficiency variances for the variable overhead item power cost. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 3,500 engines. The standard power cost is $1.50 per machine-hour. The company's standards indicate that each engine requires 11.3 machine-hours. Actual production was 3,800 engines. Actual machine-hours were 41,340 machine-hours. Actual power cost totaled $66,642. Required: Determine the rate and efficiency variances for the variable overhead item power cost. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no...
Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 2,100 engines. The standard power cost is $3.10 per machine-hour. The company's standards indicate that each engine requires 9.9 machine-hours. Actual production was 2,400 engines. Actual machine-hours were 22,670 machine-hours. Actual power cost totaled $74,909. Required: Determine the rate and efficiency variances for the variable overhead item power cost. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no...
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