FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Factory
4.-Bellingham Company produced 5,100 units of product that required 4 standard direct labor hours per unit. The standard fixed overhead cost per unit is $2.70 per direct labor hour at 22,400 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
$ fill in the blank 1 (Favorable/Unfavorable)
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- Please do not give solution in image format thankuarrow_forwardABC Co. has the following information before any year-end adjustment. Accounts receivable, Dec. 31 600,000 Allowance for doubtful accounts, Jan. 1 18,000 (Dr.) 2% Percentage of receivables 30. Write-offs and recoveries during the year amounted to P22,800 and $3,000, respectively. How much is the bad debts expense for the year? A. 13,800 B. 26,800 C. 49,800 D. 52,800arrow_forwardFactory Overhead Volume Variance Bellingham Company produced 4,200 units of product that required 1.5 standard direct labor hours per unit. The standard fixed overhead cost per unit is $2.25 per direct labor hour at 6,700 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. $fill in the blank 1arrow_forward
- Factory Overhead Volume Variance Dvorak Company produced 1,900 units of product that required 3 standard hours per unit. The standard fixed overhead cost per unit is $2.50 per hour at 6,000 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. $arrow_forwardFactory Overhead Controllable Variance Bellingham Company produced 3,400 units of product that required 3 standard direct labor hours per unit. The standard variable overhead cost per unit is $3.50 per direct labor hour. The actual variable factory overhead was $34,660. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. X X ?arrow_forwardFactory Overhead Controllable Variance Encinas Company produced 2,300 units of product that required 3 standard hours per unit. The standard variable overhead cost per unit is $1.90 per hour. The actual variable factory overhead was $11,905. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using minus sign and an unfavorable variance as a positive number. Favorablearrow_forward
- Factory Overhead Controllable Variance Bellingham Company produced 3,100 units of product that required 7.5 standard direct labor hours per unit. The standard variable overhead cost per unit is $2.80 per direct labor hour. The actual variable factory overhead was $62,370. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.arrow_forwardFactory Overhead Controllable Variance Bellingham Company produced 5,100 units of product that required 8 standard direct labor hours per unit. The standard variable overhead cost per unit is $5.40 per direct labor hour. The actual variable factory overhead was $214,810. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. $fill in the blank 1arrow_forwardTotal Fixed Overhead Variance Bulger Company provided the following data: Standard fixed overhead rate (SFOR) $8 per direct labor hour Actual fixed overhead costs $985,300 Standard hours allowed per unit 6 hours Actual production 20,000 units Required: 1. Calculate the standard hours allowed for actual production. fill in the blank 1 hours 2. Calculate the applied fixed overhead. $fill in the blank 2 3. Calculate the total fixed overhead variance. Enter the amount as a positive number and select Favorable or Unfavorable. $fill in the blank 3arrow_forward
- 3.- Factory Overhead Controllable Variance Bellingham Company produced 3,100 units of product that required 3.5 standard direct labor hours per unit. The standard variable overhead cost per unit is $6.60 per direct labor hour. The actual variable factory overhead was $70,180. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. $ Fill in the blank (Favorable/ unfavorable)arrow_forwardFactory Overhead Volume Variancearrow_forwardFactory Overhead Controllable Variance Lo-bed Company produced 4,000 units of product that required four standard hours per unit. The standard variable overhead cost per unit is $3.00 per hour. The actual variable factory overhead was $51,240. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Unfavorable ✓arrow_forward
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