7. Using the three-variance approach, what is the volume variance?b. P 2,640 Fа. Р 13,260 Uc. P6,930 Ud. PO8. Using the two-variance approach, what is the controllable variance?b. P 16,480 Uа. Р21,650 U,с. Р 5,775 Ud. P 12,080 U9. Using the two-variance approach, what is the noncontrollable variance?a. P 26,040 Fb. Рос. Р6,930 Ud. P 13,260 U10. Using the one-variance approach, what is the total variance?a. P 19,010 U b. P 6,305 Uc. P 12,705 Ud. P 4,730 U STANDARD COSTING ASSIGNMENT ( SOLVE ONLY 1- 17)||1-10 Spots Inc. uses a standard cost system for its production process. Spots appliesoverhead based on direct labor hours. The following information is available for July:Standard:Actual:Direct labor hours per unitVariable overhead per hourFixed overhead per hour (based on 11,990 DLH) P3.002.20Units producedDirect labor hours4,4008,800P29,950P42,300P 2.50Variable overheadFixed overhead

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Description: 7. Using the three-variance approach, what is the volume variance?b. P 2,640 Fа. Р 13,260 Uc. P6,930 Ud. PO8. Using the two-variance approach, what is the controllable variance?b. P 16,480 Uа. Р21,650 U,с. Р 5,775 Ud. P 12,080 U9. Using the two-vari

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7. Using the three-variance approach, what is the volume variance? b. P 2,640 F а. Р 13,260 U c. P6,930 U d. PO 8. Using the two-variance approach, what is the controllable variance? a. P 21,650 U b. P 16,480 U с. Р 5,775 U d. P 12,080 U 9. Using the two-variance approach, what is the noncontrollable variance? b. РО a. P 26,040 F c. P 6,930 U d. P 13,260 U

7. Using the three-variance approach, what is the volume variance? b. P 2,640 F а. Р 13,260 U c. P6,930 U d. PO 8. Using the two-variance approach, what is the controllable variance? a. P 21,650 U b. P 16,480 U с. Р 5,775 U d. P 12,080 U 9. Using the two-variance approach, what is the noncontrollable variance? b. РО a. P 26,040 F c. P 6,930 U d. P 13,260 U

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 11P: Overhead application rate Creole Manufacturing Inc. uses a job order cost system and standard costs....

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Overhead application rate Roll Tide Manufacturing Inc. uses a job order cost system and standard costs. It manufactures one product, whose standard cost follows: The standards are based on normal capacity of 2,700 direct labor hours. Actual activity for March follows: Required: 1. Compute the variable and fixed factory overhead rates per unit. 2. Compute the variable and fixed overhead rates per direct labor hour. 3. Determine the total fixed factory overhead based on normal capacity.
The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
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Calculating the Predetermined Overhead Rate, Applying Overhead to Production At the beginning of the year, Debion Company estimated the following: Overhead $460,100 Direct labor hours 93,250 Debion uses normal costing and applies overhead on the basis of direct labor hours. For the month of March, direct labor hours were 18,650. Required: 1. Calculate the predetermined overhead rate for Debion. Round your answer to the nearest cent.$ per direct labor hour 2. Calculate the overhead applied to production in March. Round your intermediate calculations to two decimal places and round your answer to nearest whole value.$
Snavely, Incorporated, manufactures and sells two products: Product E1 and Product A7. Data concerning the expected production of each product and the expected total direct labor-hours (DLHS) required to produce that output appear below: Product E1 Product A7 Total direct labor-hours Product E1 Product A7 The direct labor rate is $24.00 per DLH. The direct materials cost per unit for each product is given below: Direct Materials Cost per Unit $ 276.00 $ 266.00 Activity Cost Pools Labor-related Machine setups Order size Expected Production 1,100 500 Direct Labor- Hours Per Unit 10.0 5.0 The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Activity Measures Estimated Overhead Cost $ 130, 200 61,400 960, 340 $ 1,151,940 DLHS setups MHS Total Direct Labor-Hours 11,000 2,500 13,500 11,000 1,200 3,100 Expected Activity Product E1 Product A7 2,500 500 3,500 Total 13,500 1,700 6,600 The total overhead applied to…