HKmilk Co. has budgeted fixed manufacturing overhead of $14, 275 and budgeted production of 2,049 units for April. In April, the fixed overhead volume variance was favorable $2,502, and overhead was underapplied by $1,894? What was the actual amount of fixed manufacturing overhead that HKmilk Co. incurred in April?

In October, Pine Company reports 21,000 actual direct labor hours, and it incurs $118,000 of manufacturing overhead costs. Standard hours allowed for the work done is 20,600 hours. The predetermined overhead rate is $6.00 per direct labor hour. In addition, the flexible manufacturing overhead budget shows that budgeted costs are $4 variable per direct labor hour and $50,000 fixed. Compute the overhead controllable variance. Overhead Controllable Variance $ 5600 Favorable 23

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Botosan Factory has budgeted factory overhead for the year at $614,520, and budgeted direct labor hours for the year are 284,500. If the actual direct labor hours for the month of May are 258,900, the overhead allocated for May is

Deems Company's budgeted fixed factory overhead costs are $50,000 per month plus a variable factory overhead rate of $4.00 per direct labor hour. The standard direct labor hours allowed for November production was 18,000. An analysis of the factory overhead indicates that in November, Deems had an unfavorable budget (controllable) variance of $1,000 and a favorable volume variance of $500. Deems uses a two-way analysis of overhead variance. The applied factory overhead in November is: 122,500 123,000 122,000 121,000

At Laramie, the standard quantity of labor is 26 hours per refrigeration unit. The standard wage rate is $34. In July, the company produced 79 refrigeration units and incurred 2,020 labor hours at a cost of $60,600.Calculate the labor rate variance and the labor efficiency variance. Indicate whether the variances are favorable or unfavorable. (Round intermediate calculations to 2 decimal places, e.g. 14.37 and final answers to 0 decimal places, e.g. 125. Enter all variances as a positive number.) Labor Rate Variance   $enter labour rate variance in dollar amount    favorable, unfavorable, or neither (same questions for labor efficiency variance)                                                            Labor Efficiency Variance   $enter labour efficiency in dollar amount

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Q 1: Given: - The following transactions related to the business of Iqbal & Sons (Broker). 1. Iqbal started business with a Cash investment of Rs.5000. 2. Purchased Office Supplies for Cash Rs.300. 3. Purchased Furniture for Cash Rs.4000. 4. Paid Office Rent Rs.350. 5. Commission earned for Cash Rs.4000. 6. Rendered Services to Kamal & Co. who paid Rs.500 in Cash and promising to pay the balance of Rs.3500 after a week. 7. Purchased Furniture from Hilal & Co. by paying Cash Rs.300 and promising to pay the balance of Rs.700 after two weeks. You are required to make Journal Entries, Ledger and Trial Balance in proper format.

In October, vole Company reports 20,700 actual direct labor hours, and it incurs $171,200 of manufacturing overhead costs. Standard hours allowed for the work done is 21,400 hours. The predetermined overhead rate is $8.25 per direct labor hour. In addition, the flexible manufacturing overhead budget shows that budgeted costs are $6.25 variable per direct labor hour and $50,000 fixed. Compute the overhead volume variance. Normal capacity was 25,000 direct labor hours. Overhead Volume Variance

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