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Fogel Company expects to produce and sell 119,000 units for the period. The company's flexible budget for 119,000 units shows variable overhead costs of $166,600 and fixed overhead costs of $131,000. The company incurred actual total overhead costs of $261,800 while producing 112,000 units. a. Compute the total variable overhead costs for the flexible budget when producing 112,000 units. b. Compute the budgeted (flexible) total overhead when producing 112,000 units. . Compute the controllable variance and identify it as favorable or unfavorable. (Round "Variable amount per unit" to 2 decimal places.) Variable Amount per Unit Total Fixed Cost Flexible Budget at ------ 119,000 units 112,000 units

Fogel Company expects to produce and sell 119,000 units for the period. The company's flexible budget for 119,000 units shows variable overhead costs of $166,600 and fixed overhead costs of $131,000. The company incurred actual total overhead costs of $261,800 while producing 112,000 units. a. Compute the total variable overhead costs for the flexible budget when producing 112,000 units. b. Compute the budgeted (flexible) total overhead when producing 112,000 units. . Compute the controllable variance and identify it as favorable or unfavorable. (Round "Variable amount per unit" to 2 decimal places.) Variable Amount per Unit Total Fixed Cost Flexible Budget at ------ 119,000 units 112,000 units

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Fogel Company expects to produce and sell 119,000 units for the period. The company's flexible budget for 119,000 units shows variable overhead costs of $166,600 and fixed overhead costs of $131,000. The company incurred actual total overhead costs of $261,800 while producing 112,000 units. a. Compute the total variable overhead costs for the flexible budget when producing 112,000 units. b. Compute the budgeted (flexible) total overhead when producing 112,000 units. c. Compute the controllable variance and identify it as favorable or unfavorable. (Round "Variable amount per unit" to 2 decimal places.) Variable Costs Fixed Costs Budgeted (flexible) overhead Controllable variance Variable Amount per Unit Controllable Variance Total Fixed Cost ------Flexible Budget at 119,000 units $ $ 166,600 131,000 297,600 112,000 units
Transcribed Image Text:Fogel Company expects to produce and sell 119,000 units for the period. The company's flexible budget for 119,000 units shows variable overhead costs of $166,600 and fixed overhead costs of $131,000. The company incurred actual total overhead costs of $261,800 while producing 112,000 units. a. Compute the total variable overhead costs for the flexible budget when producing 112,000 units. b. Compute the budgeted (flexible) total overhead when producing 112,000 units. c. Compute the controllable variance and identify it as favorable or unfavorable. (Round "Variable amount per unit" to 2 decimal places.) Variable Costs Fixed Costs Budgeted (flexible) overhead Controllable variance Variable Amount per Unit Controllable Variance Total Fixed Cost ------Flexible Budget at 119,000 units $ $ 166,600 131,000 297,600 112,000 units
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