For each of the following independent cases, fill in the missing information. The company budgets and applies manufacturing-overhead costs on the basis of direct-labor hours. (U denotes unfavorable variance; F denotes favorable variance.)
Case A | Case B | |
1. Standard variable-overhead rate | $2.50 per hour | ? per hour |
2. Standard fixed-overhead rate | ? per hour | ? per hour |
3. Total standard overhead rate | ? per hour | $1 3.00 per hour |
4. Flexible budget for variable overhead | $90,000 | ? |
5. Flexible budget for fixed overhead | $210,000 | ? |
6. Actual variable overhead | ? | ? |
7. Actual fixed overhead | $207,000 | ? |
8. Variable-overhead spending variance | $5,550 U | $2,000 U |
9. Variable-overhead efficiency variance | ? | $400 F |
10. Fixed-overhead budget variance | ? | $1,080 U |
11 . Fixed-overhead volume variance | ? | $3,600 U |
12.Under- (or over-)applied variable overhead | ? | ? |
13. Under- (or over-)applied fixed overhead | ? | ? |
14. Budgeted production (in units) | 5,000 units | ? |
15. Standard direct-labor hours per unit | 6 hours per unit | 2 hours per unit |
16. Actual production (in units) | ? | ? |
17. Standard direct-labor hours allowed, given actual production | 36,000 hours | 1,600 hours |
18. Actual direct-labor hours | 37,000 hours | 1,500 hours |
19 Applied variable overhead | ? | ? |
20. Applied fixed overhead | ? | ? |
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