Overhead Variances, Two- And Three-Variance Analyses Oerstman, Inc., uses a standard costing system and develops its overhead rates from the current annual budget. The budget is based on an expected annual output of 122,000 units requiring 488,000 direct labor hours. (Practical capacity is 508,000 hours.) Annual budgeted overhead costs total $736,880, of which $541,680 is fixed overhead. A total of 119,500 units using 486,000 direct labor hours were produced during the year. Actual variable overhead costs for the ye were $240,100, and actual fixed overhead costs were $555,900. Required: 1. Compute overhead variances using a two-variance analysis. Budget Variance Volume Variance Volume Variance 22,360 X 11,100 ✓ $ 2. Compute overhead variances using a three-variance analysis. Spending Variance 45,700 X Efficiency Variance Unfavorable 800 X Unfavorable Unfavorable Unfavorable Unfavorable ✓

Overhead Variances, Two- And Three-Variance Analyses Oerstman, Inc., uses a standard costing system and develops its overhead rates from the current annual budget. The budget is based on an expected annual output of 122,000 units requiring 488,000 direct labor hours. (Practical capacity is 508,000 hours.) Annual budgeted overhead costs total $736,880, of which $541,680 is fixed overhead. A total of 119,500 units using 486,000 direct labor hours were produced during the year. Actual variable overhead costs for the ye were $240,100, and actual fixed overhead costs were $555,900. Required: 1. Compute overhead variances using a two-variance analysis. Budget Variance Volume Variance Volume Variance 22,360 X 11,100 ✓ $ 2. Compute overhead variances using a three-variance analysis. Spending Variance 45,700 X Efficiency Variance Unfavorable 800 X Unfavorable Unfavorable Unfavorable Unfavorable ✓

Name: A4 Overhead Variances, Two- And Three-Variance AnalysesOerstman, Inc.,
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: A4 Overhead Variances, Two- And Three-Variance AnalysesOerstman, Inc., uses a standard costing system and develops its overhead rates from the current annual budget. The budget is based on an expected annualoutput of 122,000 units requiring 488,000 d

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

ind a salutien co the Inear equation 14x-y=-14
A7 please help[.....
Data: So 101; X= 114; 1+r= 1.12. The two possibilities for sr are 143 and 85.
how do i do PR 13-3A
10078+0987=
102. Four capacitors C1-1uF, C2=2uF, C3=3uF and C4-4uF are connected as given in figure. The potential of junction O is A. 16.5 V B. 18 V C. 15.5 V D. 18.5 V 10 V 5V C₁ # H C3+ CA 20 V 30 V
1. A-n-n-a- -M-a-r-i-e- -R-o-m--a-n- -r-e-c-e-n-t-l-y- -g-r-a-d-u-a-t-e-d- -f-r-o-m- -c-o-l-l-e-g-e- -a-n-d- -i-s- -e-v-a-l-u-a-t-i-n-g-- t-w-o- -c-r-e-d-i-t- -c-a-r-d-s-.- -C-a-r-d- -A- -h-a-s- -a-n-n-u-a-l- -f-e-e- -o-f P7,500 a-n-d- -a-n- -i-n-t-e-r-e-s-t- -r-a-t-e- -o-f 9%. C-a-r-d- -B- -h-a-s- -n-o- -a-n-n-u-a-l- -f-e-e- -a-n-d- -a-n- -i-n-t-e-r-e-s-t- -r-a-t-e- -o-f 16%. A-s-s-u-m-i-n-g- -t-h-a-t- -A-n-n-a- -M-a-r-i-e- -i-n-t-e-n-d-s- -t-o- -c-a-r-r-y- -n-o- -b-a-l-a-n-c-e- -a-n-d- -p-a-y- -o-f-f- -h-e-r- -c-h-a-r-g-e-s- -i-n- -f-u-l-l- -e-a-c-h- -m-o-n-t-h-,- -w-h-i-c-h- -c-a-r-d- -r-e-p-r-e-s-e-n-t-s- -t-h-e -b-e-t-t-e-r- -d-e-a-l-?- -I-f- -A-n-n-a- -M-a-r-i-e- e-x-p-e-c-t-e-d- -t-o- -c-a-r-r-y- -a- -s-i-g-n-i-f-i-c-a-n-t- -b-a-l-a-n-c-e- -f-r-o-m- -o-n-e- -m-o-n-t-h- -t-o- -t-h-e- -n-e-xt-,- -w-h-i-c-h- -c-ar-d- -w-o-u-l-d- -b-e- -b-e-t-t-e-r-?- -E-x-p-l-a-i-n- 2. -W-h-a-t- -i-s- -y-o-u-r- -o-p-i-n-i-o-n- -a-b-o-u-t- -u-s-i-n-g- -c-o-n-s-u-m-e-r-s- -l-o-a-n-s- -a-n-d-…
Q7
E14.7
E10.15
Q5 Distinguish between "report" and "certificate"
Calculate: (1+)" m m where m=132, and r=0.102