Denominator hours for May | 25,000 | ||
Actual hours worked during May | 22,000 | ||
Standard hours allowed for May | 16,000 | ||
Flexible budget fixed overhead cost | $ | 75,000 | |
Actual fixed overhead costs for May | $ | 80,000 | |
What is the fixed overhead spending (budget) variance for May?
fixed overhead spending (budget) variance
= Acutal fixed overhead - budgeted fixed overhead
= 80000 - 75000
=$5000
Denominator hours for May 25,000 Actual hours worked during May 22,000 Standard hours allowed for May...
The following information is available for the Danske Company: Denominator hours for May Actual hours worked during May Standard hours allowed for May Flexible budget fixed overhead cost Actual fixed overhead costs for May 18,500 19, 600 14, 800 $115, 000 $118, 000 Danske Company had total underapplied overhead of $17,800. Additional information is as follows: Variable Overhead: Applied based on standard direct labor hours allowed Budgeted based on standard direct labor hours Fixed Overhead: $70, 000 40, 800 Applied...
The following information is available for the Danske Company: Denominator hours for May 21,500 Actual hours worked during May 19,200 Standard hours allowed for May 14,600 Flexible budget fixed overhead cost $ 64,500 Actual fixed overhead costs for May $ 68,800 Danske Company had total underapplied overhead of $21,500. Additional information is as follows: Variable Overhead: Applied based on standard direct labor hours allowed $ 55,000 Budgeted based on standard direct labor hours 44,500 Fixed Overhead: Applied based on standard...
Actual machine hours Standard machine hours allowed Denominator activity (machine hours) Actual foxed overhead costs Budgeted foed overhead costs Predetermined overhead rate ($i variable - $5 fixed 1075 4.800 What is the fixed overhead spending (budget, variance? $575 $575 $420 O $350
Actual machine hours Standard machine hours allowed Denominator activity (machine hours) Actual foxed overhead costs Budgeted foed overhead costs Predetermined overhead rate ($i variable - $5 fixed 1075 4.800 What is the fixed overhead spending (budget, variance? $575 $575 $420 O $350
Actual machine hours 1,160 Standard machine hours allowed 1,310 Denominator activity (machine hours) 1,450 Actual fixed overhead costs $ 16,560 Budgeted fixed overhead costs $ 17,400 Predetermined overhead rate ($2 variable + $12 fixed) $ 14 What is the fixed overhead spending (price) variance? A. $840 favorable. B. $580 favorable. C. $280 favorable. D. $300 favorable.
favorable or unforvable ? The following information is available for the Danske Company: Denominator hours for May Actual hours worked during May Standard hours allowed for May Flexible budget fixed overhead cost Actual fixed overhead costs for May 18,500 19,600 14,800 $115,000 $118,000 Danske Company had total underapplied overhead of $17,800. Additional information is as follows: 40, 800 Variable Overhead: Applied based on standard direct labor hours allowed Budgeted based on standard direct labor hours Fixed Overhead: Applied based on...
1,020 Actual machine hours Standard machine hours allowed Denominator activity machine hours) Actual fixed overhead costs Budgeted faxed overhead costs Predetermined overhead rate ($2 variable 3.000 4080 $4 foed What is the production volume variance? $180 $440 $390 5260
tual mochine hours Standard mochine hours allowed Denominator activity (machine hours) Actual fixed overhead costs Budgeted fixed overhend costs Predetermined overhead rate ($2 variable $8 fixed 50 8,750 10 What is the fixed overhead production volume variance? $450 favorable $1.840 unfavorable O $220 favorable O $450 unfavorable O $880 favorable $1,840 favorable. some other amount favorable some other amount unfavorable O $220 unfavorable O $880 unfavorable
If the actual labour hours worked exceed the standard labour hours allowed, what type of variance will occur? Multiple Choice Favourable labour efficiency variance. ) Favourable labour rate variance. 0 Unfavourable labour efficiency variance. 0 Unfavourable labour rate variance. The standards for direct labour for a product are 2.5 hours at $8 per hour. Last month, 9,000 units of the product were made, and the labour efficiency variance was $8,000 favourable. What was the actual number of hours worked during...
Neptune Inc. uses a standard cost system and has the following information for the most recent month, April: Actual direct labor hours (DLHs) worked 14,000 Standard DLHs allowed for good output produced this period 19,000 Actual total factory overhead costs incurred $ 38,400 Budgeted fixed factory overhead costs $ 10,300 Denominator activity level, in direct labor hours (DLHs) 13,000 Total factory overhead application rate per standard DLH $ 2.70 The fixed overhead production volume variance in April for Neptune, Inc.,...