The following data is given for the Bahia Company: Budgeted production (at 100% of normal capacity) 1,049 units Actual production   917 units Materials:       Standard price per pound $1.94     Standard pounds per completed unit 10     Actual pounds purchased and used in production 8,895     Actual price paid for materials $18,235 Labor:       Standard hourly labor rate $14.99 per hour     Standard hours allowed per completed unit 4.4     Actual labor hours worked 4,722.55     Actual total labor costs $72,019 Overhead:       Actual and budgeted fixed overhead $1,108,000     Standard variable overhead rate $26.00 per standard labor hour     Actual variable overhead costs $132,231 Overhead is applied on standard labor hours. Round your final answer to the nearest dollar. Do not round interim calculations. The fixed factory overhead volume variance is a.$139,424 unfavorable b.$139,424 favorable c.$27,326 unfavorable d.$27,326 favorable

The Gathering Sound, Inc. collected the following data regarding production of one of its products.           Budgeted units   20,000   units Standard direct labor hours per unit of output   3.0   DL hours per unit Predetermined variable factory overhead rate   $1.90   Per DL hour Predetermined fixed factory overhead rate   $4.50   Per DL hour Actual finished units produced   21,000   units Actual direct labor hours   58,000   hrs. Actual variable overhead costs incurred $ 101,500     Actual fixed overhead costs incurred $ 262,160       Compute the fixed overhead volume variance.   a. $21,340F   b. $13,500U   c. $7,840F   d. $21,340U   e. $13,500F

The Ring The Bells, Co. collected the following data regarding production of one of its products.           Budgeted units   12,500   units Standard direct labor hours per unit of output   1.2   DL hours per unit Predetermined variable factory overhead rate   $2.50   Per DL hour Predetermined fixed factory overhead rate   $1.75   Per DL hour Actual finished units produced   11,800   units Actual direct labor hours   13,900   hrs. Actual variable overhead costs incurred $ 37,530     Actual fixed overhead costs incurred $ 28,500       Compute the variable overhead cost variance.   a. $2,780U   b. $30F   c. $30U   d. $2,130U   e. $2,130F

Use this information for Stringer Company to answer the question that follow. The following data are given for Stringer Company: Budgeted production 930 units Actual production   1,013 units Materials:       Standard price per ounce $1.85     Standard ounces per completed unit 10     Actual ounces purchased and used in production 10,434     Actual price paid for materials $21,390 Labor:       Standard hourly labor rate $14.60 per hour     Standard hours allowed per completed unit 4.7     Actual labor hours worked 5,216.95     Actual total labor costs $79,558 Overhead:       Actual and budgeted fixed overhead $1,015,000     Standard variable overhead rate $25.00 per standard labor hour     Actual variable overhead costs $146,075 Overhead is applied on standard labor hours. Round your intermediate calculations and final answer to the nearest cent. The direct materials price variance is a.$5,217.00 favorable b.$2,086.80 favorable c.$2,086.80…

Use this information for Stringer Company to answer the question that follow. The following data are given for Stringer Company: Budgeted production 911 units Actual production   1,080 units Materials:       Standard price per ounce $1.89     Standard ounces per completed unit 10     Actual ounces purchased and used in production 11,124     Actual price paid for materials $22,804 Labor:       Standard hourly labor rate $14.32 per hour     Standard hours allowed per completed unit 4.3     Actual labor hours worked 5,562     Actual total labor costs $84,821 Overhead:       Actual and budgeted fixed overhead $1,082,000     Standard variable overhead rate $25.00 per standard labor hour     Actual variable overhead costs $155,736 Overhead is applied on standard labor hours. The direct materials quantity variance is a.$1,779.64 favorable b.$1,779.64 unfavorable c.$612.36 unfavorable d.$612.36 favorable

The following budget data pertain to the Machining Department of Grind Company:   Maximum capacity 65,000 units Machine hours per unit 2.50   Variable factory overhead $ 4.40 per machine hour Fixed factory overhead $ 432,500     The company prepared the budget at 75% of the maximum capacity level. The department uses machine hours as the basis for applying standard factory overhead costs to production (outputs).The standard fixed overhead application rate for the Machining Department (to two decimal places) is:   Multiple Choice   $3.55 per machine hour.   $3.62 per machine hour.   $4.23 per machine hour.   $3.04 per machine hour.   $8.65 per machine hour.

The following data relates to Potawatomi Corporation's operations for the month. Potawatomi produced 8,500 units and the normal monthly capacity is 20,000 direct labor hours. Direct Material: Standard (5 lbs. @ $2.10/lb.) Actual (39,000 lbs. @ $2.20/lb.) Standard Unit Costs Total Actual Costs $10.50 $85,800 Direct Labor: Standard (2 hrs. @ $12/hr.) $24.00 Actual (18,000 hrs. @ $11.90/hr.) $214,200 Variable Overhead: Standard (2 hrs. @ $4.00/hr.) $8.00 Actual $69,700 Total $42.50 $369,700 Use fork diagrams to calculate the following variances: b. Materials efficiency variance a. Materials price variance C. Labor rate variance e. Variable overhead spending variance f. Variable overhead efficiency variance d. Labor efficiency variance

The following data are given for Stringer Company: Budgeted production Actual production Materials: Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs 907 units 1,033 units $1.91 11 11,704 $23,993 $14.84 per hour 4.6 5,319.95 $81,129 Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs Overhead is applied on standard labor hours. Do not round interim calculations. Round your final answer to the nearest dollar. The direct materials price variance is $1,071,000 $28.00 per standard labor hour $148,959

A2

he following data is given for the Bahia Company: Budgeted production 1,091 units Actual production   974 units Materials:       Standard price per pound $1.846     Standard pounds per completed unit 10      Actual pounds purchased and used in production 9,448     Actual price paid for materials $19,368 Labor:       Standard hourly labor rate $14.80 per hour     Standard hours allowed per completed unit 4.8      Actual labor hours worked 5,016.1     Actual total labor costs $76,496 Overhead:       Actual and budgeted fixed overhead $1,055,000     Standard variable overhead rate $25.00 per standard labor hour      Actual variable overhead costs $140,451 Overhead is applied on standard labor hours. The variable factory overhead controllable variance is