The following data for November have been provided by Hunn Corporation, a producer of precision drills...
The following data for November have been provided by Hunn Corporation, a producer of precision drills for oil exploration:
| Budgeted production | 4,400 | drills | |
| Standard machine-hours per drill | 9.7 | machine-hours | |
| Standard indirect labor | $ | 9.50 | per machine-hour |
| Standard power | $ | 3.10 | per machine-hour |
| Actual production | 4,600 | drills | |
| Actual machine-hours | 36,050 | machine-hours | |
| Actual indirect labor | $ | 345,062 | |
| Actual power | $ | 110,460 | |
Required:
Compute the variable overhead rate variances for indirect labor and for power for November. Indicate whether each of the variances is favorable (F) or unfavorable (U).
(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
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The following data for November have been provided by Hunn Corporation, a producer of precision drills...
The following data for November have been provided by Hunn Corporation, a producer of precision drills...
The following data for November have been provided by Hunn Corporation, a producer of precision drills for oil exploration: Budgeted production Standard machine-hours per drill Standard indirect labor Standard power 4,400 dri11s 9.7 nachine-hours 9.50 per machine-hour S 3.10 per machine-hour Actual production Actual machine-hours Actual indirect labor Actual power 4,600 drills 36,050 machine-hours $345,062 $110,460 Required: Compute the variable overhead rate variances for indirect labor and for power for November. Indicate whether each of the variances is favorable (F)...
The following data for November have been provided by Hunn Corporation, a producer of precision drills...
The following data for November have been provided by Hunn Corporation, a producer of precision drills for oil exploration: Budgeted production 5,200 drills Standard machine-hours per drill 10.5 machine-hours Standard indirect labor $ 10.30 per machine-hour Standard power $ 3.90 per machine-hour Actual production 5,400 drills Actual machine-hours 36,850 machine-hours Actual indirect labor $ 384,123 Actual power $ 140,450 Required: Compute the variable overhead rate variances for indirect labor and for power for November. Indicate whether each of the variances...
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The following data have been provided by Lopus Corporation: Budgeted production Standard machine-hours per unit Standard lubricants Standard supplies 4,000 units 4.1 machine-hours 5.60 per machine-hour 4.30 per machine-hour $ $ Actual production Actual machine-hours Actual lubricants (total) Actual supplies (total) 4,300 units 9,480 machine-hours $ 54,833 $40,239 Required: Compute the variable overhead rate variances for lubricants and for supplies. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect...
The following data for November have been provided by Hunn Corporation, a producer of precision drills for oil exploration: Budgeted production Standard machine-hours per drill Standard indirect labor Standard power 4,400 dri11s 9.7 nachine-hours 9.50 per machine-hour S 3.10 per machine-hour Actual production Actual machine-hours Actual indirect labor Actual power 4,600 drills 36,050 machine-hours $345,062 $110,460 Required: Compute the variable overhead rate variances for indirect labor and for power for November. Indicate whether each of the variances is favorable (F)...
TB Problem Qu. 10-239 The following data for November have been provided.... The following data for November have been provided by Hunn Corporation, a producer of precision drills for oil exploration: Budgeted production Standard machine-hours per drill er den Standard indirect labor Standard power 5,000 drills 10.3 machine-hours 10.10 per machine-hour 3.70 per machine-hour $ $ Actual production Actual machine-hours Actual Indirect labor Actual power 5,200 drills 36,650 machine-hours $372,823 $134,250 Required: Compute the variable overhead rate variances for indirect...
The following data have been provided by Lopus Corporation 10 Budgeted production Standard machine-hours per unit Standard lubricants Standard supplies 3,500 units 3.6 machine-hours $ 5.10 per machine-hour $ 3.80 per machine-hour Actual production Actual machine-hours Actual lubricants (total) Actual supplies (total) 3,800 units 8,980 machine-hours $47,069 $33,673 Required: Compute the variable overhead rate variances for lubricants and for supplies (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e.,...
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...
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