Alden Company uses a three-variance analysis for factory overhead variances. Practical capacity i...
Alden Company uses a three-variance analysis for factory overhead variances. Practical capacity is defined as 28 setups and 28,000 machine hours to manufacture 5,600 units for the year. Selected data for 2019 follow: Budgeted fixed factory overhead: Setup cost $ 84,000 Other 186,000 $ 270,000 Total factory overhead cost incurred $ 490,000 Variable factory overhead rate: Per setup $ 850 Per machine hour $ 5.00 Total standard machine hours allowed for the units manufactured 25,000 hours Machine hours actually worked...
Alden Company uses a three-variance analysis for factory overhead variances. Practical capacity is defined as 32 setups and 32,000 machine hours to manufacture 6,400 units for the year. Selected data for 2019 follow: $ 102,400 174,000 $276,400 $496,000 Budgeted fixed factory overhead: Setup cost Other Total factory overhead cost incurred Variable factory overhead rate: Per setup Per machine hour Total standard machine hours allowed for the units manufactured Machine hours actually worked Actual total number of setups Actual number of...
Alden Company uses a three-variance analysis for factory overhead variances. Practical capacity is defined as 34 setups and 34,000 machine hours to manufacture 8,500 units for the year. Selected data for 2019 follow: Budgeted fixed factory overhead: Setup cost $ 85,000 Other 186,000 $ 271,000 Total factory overhead cost incurred $ 485,000 Variable factory overhead rate: Per setup $ 400 Per machine hour $ 5.00 Total standard machine hours allowed for the units manufactured 27,000 hours Machine hours actually worked...
Alden Company uses a three-variance analysis for factory overhead variances. Practical capacity is defined as 40 setups and 40,000 machine hours to manufacture 8,000 units for the year. Selected data for 2019 follow: Budgeted fixed factory overhead: Setup cost $ 76,800 Other 230,000 $ 306,800 Total factory overhead cost incurred $ 484,000 Variable factory overhead rate: Per setup $ 550 Per machine hour $ 4.00 Total standard machine hours allowed for the units manufactured 28,000 hours Machine hours actually worked...
Alden Company uses a three-variance analysis for factory overhead variances. Practical capacity is defined as 20 setups and 20,000 machine hours to manufacture 5,000 units for the year. Selected data for 2019 follow: Budgeted fixed factory overhead: Setup cost $ 57,000 Other 184,000 $ 241,000 Total factory overhead cost incurred $ 491,000 Variable factory overhead rate: Per setup $ 800 Per machine hour $ 6.00 Total standard machine hours allowed for the units manufactured 24,000 hours Machine hours actually worked...
Walkenhorst Company’s machining department prepared its 2019 budget based on the following data: Practical capacity 40,000 units Standard machine hours per unit 2 Standard variable factory overhead $3.00 per machine hour Budgeted fixed factory overhead $ 376,000 The department uses machine hours to apply factory overhead to production. In 2019, the department used 85,200 machine hours and incurred $637,000 in total manufacturing overhead cost to manufacture 42,010 units. Actual fixed overhead cost for the year was $386,000. Required: Determine for...
Walkenhorst Company's machining department prepared its 2019 budget based on the following data: Practical capacity Standard machine hours per unit Standard variable factory overhead Budgeted fixed factory overhead 40,000 units 2 $3.00 per machine hour $352,000 The department uses machine hours to apply factory overhead to production. In 2019, the department used 87,000 machine hours and incurred $619,000 in total manufacturing overhead cost to manufacture 42,190 units. Actual fixed overhead cost for the year was $371,000. Required: Determine for the...
Walkenhorst Company’s machining department prepared its 2019 budget based on the following data: Practical capacity 40,000 units Standard machine hours per unit 2 Standard variable factory overhead $3.00 per machine hour Budgeted fixed factory overhead $ 296,000 The department uses machine hours to apply factory overhead to production. In 2019, the department used 86,300 machine hours and incurred $565,000 in total manufacturing overhead cost to manufacture 42,120 units. Actual fixed overhead cost for the year was $308,000. Required: Determine for...
Walkenhorst Company's machining department prepared its 2019 budget based on the following data: 40,000 units Practical capacity Standard machine hours per unit Standard variable factory overhead Budgeted fixed factory overhead $3.00 per machine hour $368,000 The department uses machine hours to apply factory overhead to production. In 2019, the department used 88,000 machine hours and incurred $636,000 in total manufacturing overhead cost to manufacture 43,000 units. Actual fixed overhead cost for the year was $380,000. Required: Determine for the year:...
Overhead Variances, Four-Variance Analysis Oerstman, Inc., uses a standard costing system and develops its overhead rates from the current annual budget. The budget is based on an expected annual output of 125,000 units requiring 500,000 direct labor hours. (Practical capacity is 520,000 hours.) Annual budgeted overhead costs total $840,000, of which $595,000 is fixed overhead. A total of 119,300 units using 498,000 direct labor hours were produced during the year. Actual variable overhead costs for the year were $262,000, and...