Direct manufacturing labor: Flexible Budget = $80,000 Labor Price Variance = $500 U Labor Efficiency Variance = $2,500 F The actual amount spent for direct manufacturing labor was $83,000 $82,000 $80,000 $78,000

Information pertaining to the Excessive Bakery is shown below: Budgeted production 500,000 cakes Actual production 498,000 cakes Estimated FOH costs $200,000 Actual FOH costs $203,000 What is the fixed overhead spending variance for the period?

Budgeted variable factory overhead costs:                            $354,000 Budgeted production in units:                                                    60,000 units Budgeted time:                                                                                 2 direct labor hours per unit Allocation base: direct labor hours     Actual production in units:                                                           58,600 units Actual variable factory overhead costs incurred:                       $338,500 Actual direct labor hours used:                                                  119,000 hours   CALCULATE VARIABLE FACTORY OVERHEAD ALLOCATED:                                                                                                                                                               Allocated: $__________ CALCULATE VARIABLE FACTORY OVERHEAD SPENDING (PRICE) VARIANCE :…

Green Garden Supply budgeted three hours of direct labour per unit at $20.00 per hour to produce 500 units of product. The 500 units were completed using 1,600 hours of direct labour at $20.50 per hour. What is the direct labour price variance at Green Garden Supply? A. $800 favourable B. $750 unfavourable OC. $800 unfavourable D. $750 favourable

F Based on predicted production of 25,000 units, a company budgets $280,000 of fixed costs and $275,000 of variable costs. If the company actually produces 19,800 units, what are the flexible budget amounts of fixed and variable costs? -----Flexible Budget------ Variable Amount per Unit Total Fixed Cost 19,800 units $ 275,000 Variable cost Fixed costs 280,000 2 W S # 3 E D $ 4 $ D R F 4 U 8 J 9 K

Julum Limited manufactures a single product and operates a standard costing system.     Budgeted Data (per unit) :       Labour 5 hours @ £15.00 Per Hour Budgeted production for August was expected to reach     10000 Units Actual production     11000 Units The actual costs incurred were as follows :       Actual Data :           Labour 60000 hours @ £14.50 Per Hour   a. What is Labour Rate Variance? Choose one from the following:   A. £30,000.00 Favourable   B. £75,000.00 Unfavourable   C. £45,000.00 Favourable   D. £45,000.00 Unfavourable

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Q1. Prepare a Flexible budget for overheads on the basis of the following data. Ascertain the overhead rates at 70% and 80% capacity. Variable Overheads (60% capacity) Indirect Material = Rs. 6,000 Labour Rs. 18,000 Semi-variable overheads: Electricity (40% fixed) = Rs. 40,000 Repairs (80% fixed) = Rs. 2,400 Fixed Overheads: Depreciation Rs. 16,500 = Insurance = Rs. 4,500 Salaries= Rs. 20,000 Estimated Labour Hours 15,000 hrs = E