am. 278. Exercise 10A-4 (Algo) Fixed Overhead Variances [LO10-4]Selected operating information on three different companies for a recent year is given below:CompanyB24,00022,70023,70022,000A35,00034,00034,00034,200Full-capacity machine-hoursBudgeted machine-hours*Actual machine-hoursStandard machine-hours allowed for actual production*Denominator activity for computing the predetermined overhead rate.Company ACompany BCompany CC25,00025,00024,00025,000Required:For each company, state whether the volume variance would be favorable or unfavorable.Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zerovariance.)

Volume Variance is the difference between Budgeted Overhead and actual overhead. If actual overhead…

Selected operating information on three different companies for a recent year is given below: Company B Full-capacity machine-hours Budgeted machine-hours* A 35,000 34.000 24,000 22.700 C 25,000 25.000

Selected operating information on three different companies for a recent year is given below: Company B Full-capacity machine-hours Budgeted machine-hours* A 35,000 34.000 24,000 22.700 C 25,000 25.000

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter9: Standard Costing: A Functional-based Control Approach

Section: Chapter Questions

Problem 3CE: Refer to Cornerstone Exercise 9.1. Guillermos Oil and Lube Company provided the following...

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Question 3 DRS Company showed the following information for the year: Standard variable overhead rate (SVOR) per direct labor hour Standard hours (SH) allowed per unit Actual production in units Actual variable overhead costs | Actual direct labor hours RM3.75 4 15,000 RM222,816 57,200 a) Calculate the standard direct labor hours for actual production. b) Calculate the applied variable overhead. c) Calculate the total variable overhead variance.
Exercise 10A-3 (Algo) Applylng Overhead In a Standard CostIng System [LO10-4] Privack Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted variable overhead cost per direct labor-hour Total budgeted fixed overhead cost per year Budgeted direct labor-hours (denominator level of activity) Actual direct labor-hours Standard direct labor-hours allowed for the actual output 4.50 $ 563,213 59, 288 82, 000 81,600 Requlred: 1. Compute the predetermined overhead rate for the year. Be sure to include the total budgeted fxed overhead and the total budgeted variable overhead in the numerator of yourrate. (Round your answer to the neorest whole dellar emnount.). 2. Compute the amount of overhead that would be applied to the outout of the period. (Round your Intermedlate calculetions and final answer to the nearest whole doller…
Multiple Choice O O O $18,835 U $18,075 U $760 U $25,800 F
variance report LO P1, P2, P3, P4 3 of 4 [The following information applies to the questions displayed below) and overhead Skipped eBook ferences Antuan Company set the following standard costs per unit for its product. Direct materials (3.0 pounds @ $6.00 Direct labor (1.7 hours $13.00 Overhead (1.7 hours $18.50 per hour Standard cost per unit $ 18.00 The standard overhead rate ($18.50 per direct labor hour) is based on a predicted activity level of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacity level. Overhead Budget (75% Capacity) Variable overhead costs Indirect materials Indirect labor 15.000 Power Maintenance 000 $0.000 Total variable overhead costs 135,000 Fixed overhead costs Depreciation-Building 24.000 1701800 17.000 225.750 13361750 $ 471,750 Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs Total overhead costs The company incurred the…
Exercise 10A-3 (Algo) Applying Overhead in a Standard Costing System [LO10-4] Privack Corporation applies overhead to products based on the standard direct labor-hours allowed for the actual output. Data concerning the most recent year appear below: Budgeted variable overhead cost per direct labor-hour Total budgeted fixed overhead cost per year Budgeted direct labor-hours (denominator level of activity) Actual direct labor-hours Standard direct labor-hours allowed for the actual output Required: $ 4.00 $ 592,856 59,286 83,000 82,000 1. Compute the predetermined overhead rate for the year. Be sure to include the total budgeted fixed overhead and the total budgeted variable overhead in the numerator of your rate. Note: Round your answer to the nearest whole dollar amount. 2. Compute the amount of overhead applied to the output of the period. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. 1. Predetermined overhead rate 2. Overhead applied…
Exercise 10A-3 (Algo) Applying Overhead in a Standard Costing System [LO10-4] Privack Corporation applies overhead to products based on the standard direct labor-hours allowed for the actual output. Data concerning the most recent year appear below: Budgeted variable overhead cost per direct labor-hour Total budgeted fixed overhead cost per year Budgeted direct labor-hours (denominator level of activity) Actual direct labor-hours Standard direct labor-hours allowed for the actual output Required: 1. Predetermined overhead rate 2. Overhead applied $ 4.00 $ 528, 180 1. Compute the predetermined overhead rate for the year. Be sure to include the total budgeted fixed overhead and the total budgeted variable overhead in the numerator of your rate. Note: Round your answer to the nearest whole dollar amount. 2. Compute the amount of overhead applied to the output of the period. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. per DLH 75,455…
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Assume that a company uses a standard cost system and applies overhead to production based on direct labor-hours. It provided the following information for its most recent year: Total budgeted fixed overhead cost for the year Actual fixed overhead cost for the year Budgeted direct labor-hours Actual direct labor-hours Standard direct labor-hours allowed for the actual output What is the fixed overhead volume variance? Multiple Choice O $20,000 U $20,000 F $9,000 U $9,000 F $ 300,000 $ 276,000 60,000 56,000 58, 200
Fixed Overhead Spending and Volume Variances, Columnar and Formula Approaches Branch Company provided the following information: Standard fixed overhead rate (SFOR) per direct labor hour $5.00 Actual fixed overhead $305,000 BFOH $300,000 Actual production in units 16,000 Standard hours allowed for actual units produced (SH) 64,000 Required Enter amounts as positive numbers and select Favorable (F) or Unfavorable(U). 1. Using the columnar approach, calculate the fixed overhead spending and volume variances. (1) (2) (3) fill in the blank 4 fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 9 Spending Volume 2. Using the formula approach, calculate the fixed overhead spending variance. $fill in the blank 11 3. Using the formula approach, calculate the fixed overhead volume variance. $fill in the blank 13 4. Calculate the total fixed overhead variance. $fill in the blank…
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Exercise 10A.4 (Algo) Flxed Overhead Varlances [L010.4] Selected operating Information on three different companles for a recent year is given below. - Denominator activity for computing the predetermined overhead rate. Required: For each company, state whether the volume varlance would be favorable or unfavorable. Note: Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (L.e., zero varlance.)
please do not provide hand written answer The following data relate to direct labor costs for the current period of Executive Inc.: Standard costs 6,000 hours at $12.00 Actual costs 7,500 hours at $11.60 What is the direct labor time variance? a.$17,400 favorable b.$17,400 unfavorable c.$18,000 unfavorable d.$18,000 favorable