The following information is available from the Terry Company:   Actual total factory overhead cost incurred $ 28,000 Actual fixed overhead cost incurred $ 12,100 Budgeted fixed overhead expenses $ 14,000 Actual direct labor hours (DLH) worked 4,800 Standard DLHs for this period’s production (output) 5,100 Standard variable overhead rate per DLH $ 3.00 Standard fixed overhead rate per DLH $ 2.50

Use the following data to find the total direct labor cost variance if the company produced 3,500 units during the period.          Direct labor standard (4.00 hrs. @ $7.00/hr.) $ 28.00 per unit   Actual hours worked   12,650     Actual rate per hour $ 7.40   Multiple Choice $5,600 favorable. $4,390 unfavorable. $5,600 unfavorable. $4,390 favorable. $12,650 favorable.

The following data relate to direct labor costs for the current period: Standard costs 7,300 hours at $11.80 Actual costs 6,400 hours at $10.00 The direct labor time variance is Oa. $10,620 unfavorable Ob. $9,000 favorable C. $9,000 unfavorable Od. $10,620 favorable

The following standard costs were used for one of its products: Standard Cost per Unit Fixed overhead Total 9 hours @ $13 per hour $ 117 Overhead is applied to products on the basis of standard direct labor hours for actual production. The following information is available regarding the company's operations for the period: Actual units produced Total actual direct labor hours Actual fixed manufacturing overhead incurred Budgeted fixed manufacturing overhead for the period Budgeted units for the period Required: Calculate the fixed overhead variances. Use your answer to answer the following questions. 1,200 units 8,500 hours $110,000 $122,850 1,050 units

The standard costs and actual costs for factory overhead for the manufacture of 2,500 units actual production are as follows: Standard Costs Fixed overhead (based on 10,000 hours)3 hours 5.80 per hour Variable overhead 3 hours@ $2.00 per hour Actual Costs Total variable cost, $18,000 Total fixed cost, $8,000 The amount of the total factory overhead cost variance is: The amount of the factory overhead controllable variance is: The amount of the factory overhead volume variance is:

The following data relate to direct labor costs for the current period: Standard costs 6,900 hours at $11.70 Actual costs 6,000 hours at $10.30 The direct labor time variance is a.$10,530 unfavorable b.$9,270 favorable c.$9,270 unfavorable d.$10,530 favorable

The following data relate to direct labor costs for the current period: Standard costs 6,900 hours at $11.30 Actual costs 6,400 hours at $10.00 The direct labor rate variance is

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The following information was gathered for Larsen Corp. for the year ending 20xx.   Budgeted direct labor hours                    15,500 Actual direct labor hours                         16,200 Budgeted factory overhead cost              $73,625 Actual factory overhead cost                   $74,990   -Assume direct labor hours is the cost driver   Required: What is the amount of over/underapplied overhead ? Is the variance over or under estimated ?

The standard costs and actual costs for factory overhead for the manufacture of 2,800 units of actual production are as follows: Standard Costs Fixed overhead (based on 10,000 hours) 3 hours per unit at $0.70 per hour Variable overhead 3 hours per unit at $1.97 per hour Actual Costs Total variable cost, $17,800 Total fixed cost, $8,200 The fixed factory overhead volume variance is a. $0 b. $896 favorable c. $1,120 unfavorable d. $896 unfavorable