Wildhorse's Style manufactures dining room tables for both home and restaurant locations. Kevin Jason, the company's controller, developed the following standard costs for each 5-foot table. Ms. Jason developed these standards based on the company manufacturing 1,420 tables per month. Direct materials Direct labor Variable overhead Fixed overhead Total standard cost per table ● ● ● ● Standard Price $50.00 per linear foot 18.00 per DLH 16.00 per DLH 28.20 per DLH Standard Quantity 5.00 linear feet 12.00 DLH 12.00 DLH 12.00 DLH Standard Cost $250.00 216.00 192.00 338.40 $996.40 The company actually manufactured 1,320 tables during the month. 6,120 linear feet of direct materials were purchased during the month at a total cost of $258,264. 5,620 linear feet of direct materials were used to manufacture the tables. 16,620 direct labor hours were worked at a total cost of $245,160. Actual variable overhead was $286,800. Actual fixed overhead was $412,700.

Wildhorse's Style manufactures dining room tables for both home and restaurant locations. Kevin Jason, the company's controller, developed the following standard costs for each 5-foot table. Ms. Jason developed these standards based on the company manufacturing 1,420 tables per month. Direct materials Direct labor Variable overhead Fixed overhead Total standard cost per table ● ● ● ● Standard Price $50.00 per linear foot 18.00 per DLH 16.00 per DLH 28.20 per DLH Standard Quantity 5.00 linear feet 12.00 DLH 12.00 DLH 12.00 DLH Standard Cost $250.00 216.00 192.00 338.40 $996.40 The company actually manufactured 1,320 tables during the month. 6,120 linear feet of direct materials were purchased during the month at a total cost of $258,264. 5,620 linear feet of direct materials were used to manufacture the tables. 16,620 direct labor hours were worked at a total cost of $245,160. Actual variable overhead was $286,800. Actual fixed overhead was $412,700.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 13EA: Tri-bikes manufactures two different levels of bicycles: the Standard and the Extreme. The total...

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Wildhorse's Style manufactures dining room tables for both home and restaurant locations. Kevin Jason, the company's controller,
developed the following standard costs for each 5-foot table. Ms. Jason developed these standards based on the company
manufacturing 1,420 tables per month.
Direct materials
Direct labor
Variable overhead
Fixed overhead
Total standard cost per table
●
●
Standard Price
$50.00 per linear foot
18.00 per DLH
per DLH
28.20 per DLH
16.00
Standard Quantity
5.00 linear feet
12.00 DLH
12.00 DLH
12.00 DLH
Standard Cost
16,620 direct labor hours were worked at a total cost of $245,160.
Actual variable overhead was $286,800.
Actual fixed overhead was $412,700.
$250.00
216.00
192.00
338.40
$996.40
The company actually manufactured 1,320 tables during the month.
6,120 linear feet of direct materials were purchased during the month at a total cost of $258,264.
5,620 linear feet of direct materials were used to manufacture the tables.

(g)
Your answer is partially correct.
Calculate the fixed overhead spending variance for the month. (If variance is zero, select "Not Applicable" and enter O for the amounts.)
Fixed overhead spending variance
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