Homework Answers
Answer-
| Compute Overhead Variance Using a Two Variance Analysis | ||
| Particular | Amount | |
| Actual Overhead ( $241,900+$555,750) | 797,650 | |
| Budgeted Overhead(SVORX SH+Fixed OH) ((767,880-549,180)/121,500*119,200)+549,180 |
763,740 | |
| Applied Overhead (119200X767,880/121,500 | 753,344 | |
| Budgeted Variance= Actual Overhed -Budgeted Overhead | |
|
$797,650-$763,740= |
33,910 |
| Volume Overhead= Appplied Overhead- Budgeted Overhead | |
| $753,344-$763,740= | 10,396 |
| Compute Overhead Variance Using a Three Variance Analysis | ||
| Particular | Amount | |
| Actual Overhead ( $241,900+$555,750) | 797,650 | |
| Budgeted Fixed Overhead(SVORX AH) ((767,880-549,180)/486,000*484,000)+549,180 |
766,980 | |
| Budgeted Fixed Overhead(SVORX SH+Fixed OH) ((767,880-549,180)/121,500*119,200)+549,180 |
763,740 | |
| Applied Overhead (119,200X767,880/121,500 | 753,344 | |
| Sepnding Variance= Actual Overhed -Budgeted Fixed Overhead |
| =(797,650-766,980)= $30,670UF |
| Efficiency Overhead= Budgeted Fxed Overhead- Budged fixed Standard OH |
| (766,980-763,740)= $3,240 UF |
| Volume Variance=Applied Overhead-Budgeted Overhead |
| (763,740-753,344)=$10,396 UF |
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eBook Overhead Variances, Two- And Three-Variance Analyses Oerstman, Inc., uses a standard costing system and develops...
Overhead Variances, Two- And Three-Variance Analyses Oerstman, Inc., uses a standard costing system and develops its...
Overhead Variances, Two- And Three-Variance Analyses 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 122,000 units requiring 488,000 direct labor hours. (Practical capacity is 508,000 hours.) Annual budgeted overhead costs total $746,640, of which $541,680 is fixed overhead. A total of 119,300 units using 486,000 direct labor hours were produced during the year. Actual variable overhead costs for the year were...
Overhead Variances, Two- And Three-Variance Analyses Oerstman, Inc., uses a standard costing system and develops its ov...
Overhead Variances, Two- And Three-Variance Analyses 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 121,000 units requiring 484,000 direct labor hours. (Practical capacity is 504,000 hours.) Annual budgeted overhead costs total $740,520, of which $537,240 is fixed overhead. A total of 119,400 units using 482,000 direct labor hours were produced during the year. Actual variable overhead costs for the year were...
Overhead Variances, Two- And Three-Variance Analyses Oerstman, Inc., uses a standard costing system and develops its...
Overhead Variances, Two- And Three-Variance Analyses 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 123,000 units requiring 492,000 direct labor hours. (Practical capacity is 512,000 hours.) Annual budgeted overhead costs total $752,760, of which $546,120 is fixed overhead. A total of 119,000 units using 490,000 direct labor hours were produced during the year. Actual variable overhead costs for the year were...
Overhead Variances, Two- And Three-Variance Analyses Oerstman, Inc., uses a standard costing system and develops its ove...
Overhead Variances, Two- And Three-Variance Analyses 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 124,000 units requiring 496,000 direct labor hours. (Practical capacity is 516,000 hours.) Annual budgeted overhead costs total $758,880, of which $555,520 is fixed overhead. A total of 119,100 units using 494,000 direct labor hours were produced during the year. Actual variable overhead costs for the year were...
Overhead Variances, Two- And Three-Variance Analyses Oerstman, Inc., uses a standard costing system and develops its ove...
Overhead Variances, Two- And Three-Variance Analyses 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 123,000 units requiring 492,000 direct labor hours. (Practical capacity is 512,000 hours.) Annual budgeted overhead costs total $752,760, of which $546,120 is fixed overhead. A total of 119,000 units using 490,000 direct labor hours were produced during the year. Actual variable overhead costs for the year were...
Overhead Variances, Four-Variance Analysis Oerstman, Inc., uses a standard costing system and develops its overhead rates...
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 129,000 units requiring 516,000 direct labor hours. (Practical capacity is 536,000 hours.) Annual budgeted overhead costs total $861,720, of which $608,880 is fixed overhead. A total of 119,000 units using 514,000 direct labor hours were produced during the year. Actual variable overhead costs for the year were $260,100, and...
Overhead Variances, Four-Variance Analysis Oerstman, Inc., uses a standard costing system and develops its overhead rates...
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 124,000 units requiring 496,000 direct labor hours. (Practical capacity is 516,000 hours.) Annual budgeted overhead costs total $828,320, of which $590,240 is fixed overhead. A total of 119,200 units using 494,000 direct labor hours were produced during the year. Actual variable overhead costs for the year were $261,300, and...
Overhead Variances, Four-Variance Analysis Oerstman, Inc., uses a standard costing system and develops its overhead rates...
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 121,000 units requiring 484,000 direct labor hours. (Practical capacity is 504,000 hours.) Annual budgeted overhead costs total $808,280, of which $575,960 is fixed overhead. A total of 119,000 units using 482,000 direct labor hours were produced during the year. Actual variable overhead costs for the year were $261,800, and...
Overhead Variances, Four-Variance Analysis Oerstman, Inc., uses a standard costing system and develops its overhead rates...
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 122,000 units requiring 488,000 direct labor hours. (Practical capacity is 508,000 hours.) Annual budgeted overhead costs total $795,440, of which $566,080 is fixed overhead. A total of 119,100 units using 486,000 direct labor hours were produced during the year. Actual variable overhead costs for the year were $261,000, and...
Overhead Variances, Four-Variance Analysis Oerstman, Inc., uses a standard costing system and develops its overhead rates...
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 124,000 units requiring 496,000 direct labor hours. (Practical capacity is 516,000 hours.) Annual budgeted overhead costs total $828,320, of which $590,240 is fixed overhead. A total of 119,200 units using 494,000 direct labor hours were produced during the year. Actual variable overhead costs for the year were $261,300, and...
Overhead Variances, Two- And Three-Variance Analyses 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 121,000 units requiring 484,000 direct labor hours. (Practical capacity is 504,000 hours.) Annual budgeted overhead costs total $740,520, of which $537,240 is fixed overhead. A total of 119,400 units using 482,000 direct labor hours were produced during the year. Actual variable overhead costs for the year were...
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 121,000 units requiring 484,000 direct labor hours. (Practical capacity is 504,000 hours.) Annual budgeted overhead costs total $808,280, of which $575,960 is fixed overhead. A total of 119,000 units using 482,000 direct labor hours were produced during the year. Actual variable overhead costs for the year were $261,800, and...
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