Q: Ellis Company’s labor information for September is as follows: Direct labor hourly rate paid $31.00…

A: Standard costing means where standard is set for various cost element and actual cost is then…

Q: The Claus Company uses standard costing for the single product the company makes and sells. The…

A: Variance is considered as the difference between budgeted value and actual results. The management…

Q: The following information relates to the Finishing department of Tom company for the fourth quarter:…

A: The question is based on the concept of Cost Accounting.

Q: A manufacturer reports the following standard cost card. For June, the company made 1,200 units and…

A: The total cost variance is equivalent to the contrast between actual expenses and planned expenses.…

Q: manufacturing company that has only one product has established the following standards for its…

A: The variance is the difference between the actual data and standard output of the production.

Q: Ferro Enterprises, Inc., uses a standard cost system in which it applies manufacturing overhead to…

A: Given: Applied overhead cost = P52,000

Q: Viger Corporation has a standard cost system in which it applies manufacturing overhead to products…

A: Variable Overhead Rate Variance: It is a variance incurred when there is a difference between actual…

Q: The following data pertains to the month of October for ElmCo. when production was budgeted to be…

A: Fixed overhead volume variance is the amount of difference between the overhead absorbed/applied and…

Q: A has a normal capacity of 120 machines, working 8 hrs per day of 25 days in a month. company The…

A: Standard costing is used to compare the actual results with the budgeted figures and to take better…

Q: Barbaro Production Company has developed the following standards for one of its products: STANDARD…

A: Direct Labor efficiency variance = (standard hours - actual hours)*standard rate Variable overhead…

Q: The Claus Company uses standard costing for the single product the company makes and sells. The…

A: Solution....   (A).  Labor efficiency variance  = (Standard hours - actual hours ) * standard rate…

Q: Marvel Company uses a standard costing system. During the past month, the following variances were…

A: Variance analysis gives the reason for excess actual cost incurred in comparison to standard cost.…

Q: The data below relate to the month of November for Badong, Inc. which uses a standard cost system:…

A: Formula: Fixed overhead rate = Budgeted fixed cost / Normal activity hours

Q: The data below relate to the month of November for Badong, Inc. which uses a standard cost system:…

A: Labor rate variance = (standard rate - actual rate) * actual hours   -1400 = (standard rate -…

Q: The following standards for variable manufacturing overhead have been established for a company that…

A: Standard hours= Output* Standard hours per unit                          = 250*6.6 hours per unit…

Q: Reddy Corporation has collected the following data for the month of June: Actual total factory…

A: Formula: Variable overhead efficiency variance = ( Standard hours - Actual hours ) x Standard rate

Q: The data below relate to the month of November for Badong, Inc. which uses a standard cost system:…

A: Labor usage variance= Actual hours * Standard rate per hour - Actual hours * Actual rate per hou

Q: Viger Corporation has a standard cost system in which it applies manufacturing overhead to products…

A: Solution:- Calculation of Variable overhead rate variance as follows under:-

Q: ARIZONA CORP. manufactured 1,000 units during April with a total overhead budget of P12,400.…

A: Introduction: Fixed overhead is a collection of costs that do not change as a result of changes in…

Q: Misterio Company uses a standard costing system. During the past quarter, the following variances…

A: Excess hours than allowed = Unfavorable Variable overhead efficiency variance / variable overhead…

Q: The Claus2 Company uses standard costing for the single product the company makes and sells. The…

A: Labor rate variance refers to the concept which evaluates the gap between the actual expenses…

Q: Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 3,500…

A: Answer Variable overhead rate variance =Actual hours worked×(Standard overhead rate-Actual overhead…

Q: The following information relates to the Finishing department of Tom company for the overhead,…

A: Answer with explanation are as follows

Q: Normal annual capacity for ABC Company is 72,000 units, with fixed factory overhead budgeted at P…

A: “Since you have asked multiple sub-parts, we will solve the first three sub-parts for you. If you…

Q: Nisqually Corporation has established the following labor standards for a particular product:…

A: Variance is considered as a change between the expected value and actual results. It may be labor…

Q: What is the total variable overhead variance for March for Harry?

A: Given information is: Harry Company's standard variable overhead rate is $6.00 per direct labor…

Q: data below relate to the month of November for Badong, Inc. which uses a standard cost system:…

A: Fixed overhead rate = 9,000/12,000 = 0.75 per hour Variable overhead rate = 2.25 - 0.75 = 1.50 per…

Q: Descamps Incorporated has provided the following data concerning one of the products in its standard…

A: Variable overhead rate variance = Actual overhead - (Actual hours * Standard rate)

Q: The following information was gathered for Larsen Corp. for the year ending 20xx.   Budgeted…

A: Direct Labors are those labors which are directly involved in a company's workforce for production…

Q: A manufacturing company that has only one product has established the following standards for its…

A: Variable overhead efficiency variance = (Actual labor hours - Standard labor hours) x Standard VO…

Q: Descamps Incorporated has provided the following data concerning one of the products in its standard…

A: Variable overheads are those indirect costs in the business that changes with change in level of…

Q: At Laramie, the standard quantity of labor is 26 hours per refrigeration unit. The standard wage…

A: Variance analysis in cost accounting refers to analyzing and studying the deviation of actual costs…

Q: The following standards for variable manufacturing overhead have been established for a company that…

A: Variable overhead efficiency variance= (Actual Hours - Standard Hours) X Standard Rate…

Q: What was Badong’s volume variance for November? P2,250 unfavorable P500 favorable P500 unfavorable…

A: Fixed overhead rate = P9,000 / 12000 = P0.75 per labor hour

Q: The data below relate to the month of November for Badong, Inc. which uses a standard cost system:…

A: 1. Budgeted Fixed overhead rate = 9,000 / 12,000 = 0.75 2. Total Overhead Application  Rate = 2.25…

Q: The following information summarizes the standard cost for producing one metal tennis racket frame…

A: The question is based on the concept of Cost Accounting. When compared to the industry or setting…

Q: A manufacturing company that has only one product has established the following standards for its…

A: Calculate the Variance overhead efficiency variance by using the below formula:  Variance overhead…

Q: Olsen Company uses a standard cost system for its production process. Olsen Company applies overhead…

A: Spending Variance = Actual Overhead - Budget OH/Actual Use Spending…

Q: Nolan Mills uses a standard cost system. During May, Nolan manufactured 15,000 pillowcases, using…

A: Material Price Variance = ( Standard Price - Actual Price ) x Actual Quantity Material Quantity…

Q: The Litton Company has established standards as follows: Direct material Direct Labor Variable…

A: Labour Rate Variance :— It is the difference between standard labour cost & actual labour cost.…

Q: a standard cost system:             Actual direct labor cost, P43,400             Actual hours…

A: SOLUTION FIXED OVERHEAD RATE = BUDGETED FIXED COST / NORMAL ACTIVITY HOURS.

Q: The data below relate to the month of November for Badong, Inc. which uses a standard cost system:…

A: Two-way analysis takes into account two variances: Overhead controllable variance and overhead…

Q: The Claus Company uses standard costing for the single product the company makes and sells. The…

A: Solution: Labor efficiency variance = P1,600 F (SH - AH) * SR = P1,600 (SH - 3800) * P8 = P1,600…

Q: The following data for february has been provided by Gillard corporation     Denominator level…

A: Compute the budget variance for February: Budget variance = Budgeted overheads - Actual overheads…

Q: The data below relate to the month of November for Badong, Inc. which uses a standard cost system:…

A: Labor rate variance = (standard rate - actual rate) * actual hours   -1400 = (standard rate -…