21 QS

13 0 Part of Required information The following information applies to the questions displayed below.) Alvarez Company for the current period shows a $36,000 favorable volume variance and a $64,800 unfavorable controllable variance. Standard overhead applied for the period is $222,000 points a. What is the actual total overhead cost incurred for the period? b. What is the total overhead variance and is it favorable or unfavorable? co a Actual total overhead b. Total overhead variance References 14 Part 2012 Required information {The following information applies to the questions displayed below) Alvarez Company for the current period shows a $36.000 favorabile volume variance and a $64,800 unfavorable controllable variance. Standard overhead applied for the period is $222,000. 5 point Alvarez records standard costs in its accounts. Prepare the Journal entry to charge overhead costs to the Work In Process Inventory account and to record any variances, BO View transaction at References Journal entry worksheet Record overhead applied to production and overhead variances Noter Enterdetits before credits General Journal Detit Credit Transaction 1 Record entry Clear entry View general Journal 15 5 ports Farad Incorporated sells used trucks. During the month, Farad sold 53 trucks at price of $9.000 each. The budget for the month was to sell 48 trucks at a price of $9,600 each AQ - Actual Quantity SQ - Standard Quantity AP Actual Price SP Standard Price Compute the sales price variance and sales volume variance for the month and identity each variance as favorable or unfavorable Actual Sales Flexible Budget thudgeted sales 16 Management believes it has found a more efficient way to package its products and use less cordboard. This new approach will reduce shipping costs from $2.00 per shipment to $117 per shipment (1) if the company budgets 2,500 shipments this year, what amount of total direct materials costs would appear on the shipping department's flexible budget? (2) How much is this sustainability improvement predicted to save in direct materials costs for this coming year 5 points 1. Budgeted direct materials 2. cost savings tenences