Gucci's flexible budget for the units manufactured in May shows $15,680 of total factory overhead; this output level represents 70% of available capacity. During May, the company applied overhead...
Gucci's flexible budget for the units manufactured in May shows $15,680 of total factory overhead; this output level represents 70% of available capacity. During May, the company applied overhead to production at the rate of $3.00 per direct labor hour (DLH), based on a denominator volume level of 6,120 DLHs, which represents 90% of available capacity. The company used 6,000 DLHs and incurred $18,500 of total factory overhead cost during May, including $7,300 for fixed factory overhead.
What is the factory overhead efficiency variance (to the nearest whole dollar) for May under the assumption that Gucci uses a four-variance breakdown (decomposition) of the total overhead variance? (Round your intermediate calculation to 2 decimal places.)
|
$2,143 unfavorable. |
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$2,343 favorable. |
|
$2,343 unfavorable. |
|
$2,443 unfavorable. |
|
$2,443 favorable. |
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Gucci's flexible budget for the units manufactured in May shows $15,680 of total factory overhead; this output level represents 70% of available capacity. During May, the company applied overhead...
Gerhan Company's flexible budget for the units manufactured in May shows $15,600 of total factory overhead;...
Gerhan Company's flexible budget for the units manufactured in May shows $15,600 of total factory overhead; this output level represents 70% of available capacity. During May, the company applied overhead to production at the rate of $3.00 per direct labor hour (DLH), based on a denominator volume level of 6,120 DLHs, which represents 90% of available capacity. The company worked 6,000 DLHs and incurred $18,500 of total factory overhead cost during May, including $6,800 for fixed factory overhead. Under a...
Gerhan Company's flexible budget for the units manufactured in May shows $15,640 of total factory overhead;...
Gerhan Company's flexible budget for the units manufactured in May shows $15,640 of total factory overhead; this output level represents 70% of available capacity. During May, the company applied overhead to production at the rate of $3.00 per direct labor hour (DLH), based on a denominator volume level of 6,120 DLHs, which represents 90% of available capacity. The company used 5,000 DLHs and incurred $16,500 of total factory overhead cost during May, including $6,800 for fixed factory overhead. What is...
The total factory overhead spending variance in 2019 (to the nearest whole dollar), based on a...
The total factory overhead spending
variance in 2019 (to the nearest whole dollar), based on a
three-variance breakdown (decomposition) of the total overhead
variance for Bluecap Co., was:
Multiple Choice
$3,200 favorable.
$11,440 unfavorable.
$15,040 favorable.
$17,280 favorable.
$17,440 unfavorable.
Bluecap Co. uses a standard cost system and flexible budgets for control purposes. The following budgeted information pertains to 2019: Denominator volume-number of units Denominator volume-percent of capacity Denominator volume-standard direct labor hours (DLHS) Budgeted variable factory overhead cost at...
Under a two-variance breakdown (decomposition) of the total factory overhead variance, the fixed overhead production volume...
Under a two-variance breakdown (decomposition) of the total
factory overhead variance, the fixed overhead production volume
variance, to the nearest whole dollar, is:
Multiple Choice
$400 favorable.
$600 unfavorable.
$1,400 favorable.
$1,400 unfavorable.
$2,000 favorable.
b.
Under a two-variance breakdown (decomposition) of the total
factory overhead variance, the total flexible-budget variance, to
the nearest whole dollar, is:
Multiple Choice
$400 favorable.
$600 unfavorable.
$1,400 favorable.
$1,400 unfavorable.
$2,000 favorable.
The following information for the past year is available from Thinnews...
a)The total overhead variance in 2019 for Bluecap Co., to the nearest whole dollar, was: Multiple...
a)The total overhead variance in
2019 for Bluecap Co., to the nearest whole dollar, was:
Multiple Choice
$14,000 unfavorable.
$15,040 favorable.
$17,280 favorable.
$37,840 favorable.
$37,840 unfavorable.
b.The fixed overhead production volume variance for
Bluecap Co. in 2019, to the nearest dollar, was:
Multiple Choice
$11,280 favorable.
$17,280 favorable.
$28,800 unfavorable.
$34,800 unfavorable.
$51,840 favorable.
Bluecap Co. uses a standard cost system and flexible budgets for control purposes. The following budgeted information pertains to 2019: Denominator volume-number of units Denominator...
The following information is available from the Terry Company: Actual total factory overhead cost incurred $...
The following information is available from the Terry Company: Actual total factory overhead cost incurred $ 37,000 Actual fixed overhead cost incurred $ 11,200 Budgeted fixed overhead expenses $ 21,000 Actual direct labor hours (DLH) worked 5,300 Standard DLHs for this period’s production (output) 4,800 Standard variable overhead rate per DLH $ 3.00 Standard fixed overhead rate per DLH $ 2.50 What is the total overhead spending variance for Terry Company for the period, to the nearest whole dollar? $100...
Multiple Choice $11,000 unfavorable. $141,046 favorable. $143,286 favorable. $163,846 favorable. $163,846 unfavorable. Bluecap Co. uses a...
Multiple Choice
$11,000 unfavorable.
$141,046 favorable.
$143,286 favorable.
$163,846 favorable.
$163,846 unfavorable.
Bluecap Co. uses a standard cost system and flexible budgets for control purposes. The following budgeted information pertains to 2019: Denominator volume-number of units Denominator volume-percent of capacity Denominator volume-standard direct labor hours (DLHS) Budgeted variable factory overhead cost at denominator volume Total standard factory overhead rate per DLH 7,000 70% 42,000 $102,200 $ 15.10 During 2019, Bluecap worked 53,000 DLHs and manufactured 9,300 units. The actual factory...
Factory Overhead Cost Variance Report Tannin Products Inc. prepared the following factory overhead cost budget for...
Factory Overhead Cost Variance Report
Tannin Products Inc. prepared the following factory overhead
cost budget for the Trim Department for July of the current year,
during which it expected to use 14,000 hours for production:
Variable overhead costs:
Indirect factory labor
$47,600
Power and light
10,360
Indirect materials
15,400
Total variable overhead cost
$73,360
Fixed overhead costs:
Supervisory salaries
$56,430
Depreciation of plant and equipment
14,850
Insurance and property taxes
27,720
Total fixed overhead cost
99,000
Total factory overhead cost...
Overhead information for Cran-Mar Company for October follows: Total factory overhead cost incurred Budgeted fixed factory...
Overhead information for Cran-Mar Company for October follows: Total factory overhead cost incurred Budgeted fixed factory overhead cost Total standard overhead rate per machine hour (MH) Standard variable factory overhead rate per MH Standard MHS allowed for the units manufactured $16,500 $ 4,900 $ 4.99 $ 3.90 4,700 Required: 1. What is the standard fixed factory overhead rate per machine hour (MH)? 2. What is the denominator activity level that was used to establish the fixed factory overhead application rate?...
Factory Overhead Cost Variance Report Tannin Products Inc. prepared the following factory overhead cost budget for...
Factory Overhead Cost Variance Report Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July of the current year, during which it expected to use 13,000 hours for production: $40,300 9,360 19,500 $ 69,160 Variable overhead cost: Indirect factory labor Power and light Indirect materials Total variable overhead cost Fixed overhead cost: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed overhead cost $58,140 15,300 28,560 102,000 $171,160 Total factory...
The total factory overhead spending
variance in 2019 (to the nearest whole dollar), based on a
three-variance breakdown (decomposition) of the total overhead
variance for Bluecap Co., was:
Multiple Choice
$3,200 favorable.
$11,440 unfavorable.
$15,040 favorable.
$17,280 favorable.
$17,440 unfavorable.
Bluecap Co. uses a standard cost system and flexible budgets for control purposes. The following budgeted information pertains to 2019: Denominator volume-number of units Denominator volume-percent of capacity Denominator volume-standard direct labor hours (DLHS) Budgeted variable factory overhead cost at...
Under a two-variance breakdown (decomposition) of the total
factory overhead variance, the fixed overhead production volume
variance, to the nearest whole dollar, is:
Multiple Choice
$400 favorable.
$600 unfavorable.
$1,400 favorable.
$1,400 unfavorable.
$2,000 favorable.
b.
Under a two-variance breakdown (decomposition) of the total
factory overhead variance, the total flexible-budget variance, to
the nearest whole dollar, is:
Multiple Choice
$400 favorable.
$600 unfavorable.
$1,400 favorable.
$1,400 unfavorable.
$2,000 favorable.
The following information for the past year is available from Thinnews...
a)The total overhead variance in
2019 for Bluecap Co., to the nearest whole dollar, was:
Multiple Choice
$14,000 unfavorable.
$15,040 favorable.
$17,280 favorable.
$37,840 favorable.
$37,840 unfavorable.
b.The fixed overhead production volume variance for
Bluecap Co. in 2019, to the nearest dollar, was:
Multiple Choice
$11,280 favorable.
$17,280 favorable.
$28,800 unfavorable.
$34,800 unfavorable.
$51,840 favorable.
Bluecap Co. uses a standard cost system and flexible budgets for control purposes. The following budgeted information pertains to 2019: Denominator volume-number of units Denominator...
Multiple Choice
$11,000 unfavorable.
$141,046 favorable.
$143,286 favorable.
$163,846 favorable.
$163,846 unfavorable.
Bluecap Co. uses a standard cost system and flexible budgets for control purposes. The following budgeted information pertains to 2019: Denominator volume-number of units Denominator volume-percent of capacity Denominator volume-standard direct labor hours (DLHS) Budgeted variable factory overhead cost at denominator volume Total standard factory overhead rate per DLH 7,000 70% 42,000 $102,200 $ 15.10 During 2019, Bluecap worked 53,000 DLHs and manufactured 9,300 units. The actual factory...
Factory Overhead Cost Variance Report
Tannin Products Inc. prepared the following factory overhead
cost budget for the Trim Department for July of the current year,
during which it expected to use 14,000 hours for production:
Variable overhead costs:
Indirect factory labor
$47,600
Power and light
10,360
Indirect materials
15,400
Total variable overhead cost
$73,360
Fixed overhead costs:
Supervisory salaries
$56,430
Depreciation of plant and equipment
14,850
Insurance and property taxes
27,720
Total fixed overhead cost
99,000
Total factory overhead cost...
Overhead information for Cran-Mar Company for October follows: Total factory overhead cost incurred Budgeted fixed factory overhead cost Total standard overhead rate per machine hour (MH) Standard variable factory overhead rate per MH Standard MHS allowed for the units manufactured $16,500 $ 4,900 $ 4.99 $ 3.90 4,700 Required: 1. What is the standard fixed factory overhead rate per machine hour (MH)? 2. What is the denominator activity level that was used to establish the fixed factory overhead application rate?...
Factory Overhead Cost Variance Report Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July of the current year, during which it expected to use 13,000 hours for production: $40,300 9,360 19,500 $ 69,160 Variable overhead cost: Indirect factory labor Power and light Indirect materials Total variable overhead cost Fixed overhead cost: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed overhead cost $58,140 15,300 28,560 102,000 $171,160 Total factory...
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