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1) compute the variable overhead spending amd efficency variances 2) compute the fixed overhead spending and volume variances 3) compute the overhead controllable variances 42.00

1) compute the variable overhead spending amd efficency variances
2) compute the fixed overhead spending and volume variances
3) compute the overhead controllable variances image text in transcribed
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image text in transcribed
image text in transcribed
image text in transcribed
42.00 (The following information applies to the questions displayed below.) Trini Company set the following standard costs per unit for its single product Direct materials (30 pounds @ $4.80 per pound) $ 144.00 Direct labor (7 hours @ $14 per hour) 98.00 Variable overhead (7 hours @ $6 per hour) Fixed overhead (7 hours @ $9 per hour) 63.00 Standard cost per unit $ 347.00 Overhead is applied using direct labor hours. The standard overhead rate is based on a predicted activity level of 80% of the company's capacity of 64,000 units per quarter. The following additional information is available. Operating Levels 70% 984 Production (in units) 44,800 51,200 Standard direct labor hours (7 DLH/units) 57,600 313,600 358,400 403, 200 Budgeted overhead (flexible budget) Fixed overhead $ 3,225,600 $ 3,225,600 $ 3,225,600 Variable overhead $ 1,881,600 $ 2,150,400 $ 2,419,200 During the current quarter, the company operated at 90% of capacity and produced 57,600 units; actual direct labor totaled 400,200 hours. Units produced were assigned the following standard costs. Direct materials (1,728,000 pounds @ $4.80 per pound) $ 8,294,400 Direct labor (403,200 hours @ $14 per hour) 5,644,800 Overhead (403,200 hours a $15 per hour) 6,048,000 Standard (budgeted) cost $ 19,987,200 894 Actual costs incurred during the current quarter follow. Direct materials (1,715,000 pounds @ $6.30 per pound) Direct labor (400,200 hours @ $11.00 per hour) Fixed overhead Variable overhead Actual cost $ 10,894,500 4,402,200 2,813,800 2,634,200 $ 20,654,700 Required: (a) Compute the variable overhead spending and emciency variances. (b) Compute the fixed overhead spending and volume variances. (c) Compute the overhead controllable variance. Complete this question by entering your answers in the tabs below. Required a Required Required Compute the variable overhead spending and efficiency variances. (Indicate the effect of each variance by selecting favorabile, unfavorable, or no voronce. Round cost pe Actual Variable cost Flexible Budget Standard Cont (VC Standard variable rate 400 200 400,200 403.200 Actual variable rate Actual hours Actual hours X Standard hours X X X (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "cost per unit and rate per hour answers to 2 decimal places.) Flexible Bodypal Standard Contoh applied) Actual hours Standard variable rate Standard hours Standard variable rate 400,200 403.200 I 0 Compute the fixed overhead spending and volume variances. Indicate the effect of each variance by selecting favorable, unfavorable or no variance Round "cot pietoni decimal places Actual Fixed OH Cost Budgend Overhead Standard Cost (FOH wppilad) Actualidate Standard hours Standard foredra 400.200 403.2001 Actual hours X X $ 0 0 Required: (a) Compute the variable overhead spending and efficiency variances. (b) Compute the fixed overhead spending and volume variances. (c) Compute the overhead controllable variance. Complete this question by entering your answers in the tabs below. Required A Required Required Compute the overhead controllable variance (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Overhead Controllable Variance Controllable variance

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