he (partial) cost sheet for the single product manufactured at Vienna Company follows.             Direct labor (23 hours @ $25) $ 575   Variable overhead (23 hours @ $2)   46   Fixed overhead (23 hours @ $4)   92       The master budget level of production is 94,000 direct-labor hours, which is also the production volume used to compute the fixed overhead application rate. Other information available for operations over the past accounting perio

The following information for the past year is available from Gas Company, a company that uses machine hours to apply standard factory overhead cost to outputs:   Actual total factory overhead cost incurred $ 31,000 Actual fixed overhead cost incurred $ 12,000 Budgeted fixed overhead cost $ 14,000 Actual machine hours 4,000 Standard machine hours allowed for the units manufactured 5,200 Denominator volume—machine hours 4,500 Standard variable overhead rate per machine hour $ 3    The total actual variable factory overhead cost incurred during the year was:   Multiple Choice   $19,000.   $20,000.   $18,000.   $19,400.   $19,100.

The following are standard costs related to a product of Jacobs, SRL: Inputs: Unit of Input Units per item Price or rate Direct Materials: square feet 80 $22/square foot Direct Labor: direct labor hours 24 $38/direct labor hour Variable Overhead: direct labor hours   $49/direct labor hour The company applies variable overhead on the basis of direct labor hours.   In April, the following results were reported: Actual output: 506 items Raw Materials used: 45,684 square feet Raw Material purchased: 42,335 square feet Actual direct labor hours: 14,168 hours Actual cost of raw materials purchased: $973,705 Actual direct labor cost: $609,224 Actual variable overhead cost: $665,896 The direct material purchases variance is computed when the materials are purchased. Determine each of the following variances and whether they are favorable or unfavorable:     Part 1: Direct Material quantity variance:  114,488 Unfavorable 114,488 Favorable 83,145 Favorable 83, 145…

The following information for the past year is available from Gas Company, a company that uses machine hours to apply standard factory overhead cost to outputs:   Actual total factory overhead cost incurred $ 31,000 Actual fixed overhead cost incurred $ 12,000 Budgeted fixed overhead cost $ 14,000 Actual machine hours 4,000 Standard machine hours allowed for the units manufactured 5,200 Denominator volume—machine hours 4,500 Standard variable overhead rate per machine hour $ 3   The standard fixed overhead application rate, to two (2) decimal places, is:   A. $5.11 per machine hourB. $2.11 per machine hourC. $4.11 per machine hourD. $3.11 per machine hourE. $6.11 per machine hour