For each of the following independent cases, fill in the missing information. The company budgets and applies
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For each of the following independent cases, fill in the missing information. The company budgets and applies manufacturing-overhead costs on the basis of direct-labor hours. (U denotes unfavorable variance; F denotes favorablevariance.)
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Case A Case B 1. Standard variable-overhead rate 2. Standard fixed-overhead rate. 3. Total slandard overhead rate 4. Flexible budget for variable overhead $2.50 per hour ?per hour per hour ? per hour $13.00 per hour per hour $90,000 $210,000 5. Flexible budget for fixed overhead... 6. Actual variable overhead. 7. Actual fixed overhead . 8. Variable-overhead spending varianice 9. Variable-overhead efficiency variance 10. Fixed-overhead budget variance. 11. Fixed-overhead volume variance.. 12. Under- (or over-) applied variable overheadN 13. Under- (or over-) applied fixed overhead 14. Budgeted production (in units).... 15. Standard direct-labor hours per unit 16. Actual production (in unit 17, Standard direct-labor hours allowed, given actual production 18. Actual direct-labor hours 19. Applied variable overhead 20. Applied fixed owerhead $207,000 $5,550 U $2,000U $400 F $1,080U $3,600 U 5,000 units 6 hours per unit 2 hours per unit 36,000 hours 00 hours 37,000 hours 1,500 hours
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Missing amounts for case A 2 700 a per hour 3 950 b per hour 6 98050 c 9 2500 U d 10 3000 F e 11 42000 Negative f The negative sign means that applied ...View the full answer
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