{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T18:11:24-04:00", "answer_date": "2024-05-27 18:11:24", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1794384", "url": "\/study-help\/questions\/4-overhead-oh-variances-35pts-better-than-that-co-provided-1794384", "question_creation_date_js": "2024-05-27T18:11:24-04:00", "question_creation_date": "May 27, 2024 06:11 PM", "meta_title": "[Solved] 4. Overhead (OH) Variances (3.5pts): Bett | SolutionInn", "meta_description": "Answer of - 4. Overhead (OH) Variances (3.5pts): Better Than That Co. provided the following information regarding Factory Overhea | SolutionInn", "meta_keywords": "4,overhead,oh,variances,3.5pts,provided,information,factory,flexible,budget,company,operating", "question_title_h1": " 4. Overhead (OH) Variances (3.5pts): Better Than That Co. provided the following information regarding Factory Overhead (OH) from its flexible OH budget. The company", "question_title": " 4. Overhead (OH) Variances (3.5pts): Better Than That Co. provided the", "question_title_for_js_snippet": "4 Overhead (OH) Variances (3 5pts) Better Than That Co provided the following information regarding Factory Overhead (OH) from its flexible OH budget The company has an operating capacity of 100,000 units and expects to operate at 75 of its productive capacity (i e expects to operate at 75,000 units, which is 75 100,000) Operating Levels ( of capacity) Flexible OH Budget Budgeted output (units) Budgeted DL hours Budgeted OH Variable OH Fixed OH 65 70 75 80 65,000 78,000 DLh 70,000 84,000 DLh 75,000 90,000 DLh 80,000 96,000 DLh $429,000 $630,000 $462,000 $630,000 $495,000 $630,000 $528,000 $630,000 During the current month, the company actually operated at 70 capacity and actually used 87,500 DL hours to produce 70,000 units The following actual overhead costs were incurred Actual Variable OH Actual Fixed OH $455,000 $590,000 a (0 5pts) Calculate the predetermined standard OH rate per DL hour for (HINT remember to calculate these OH rates at the BUDGETED capacity) i ii Variable OH Fixed OH b (0 5pts) Calculate the Variable OH Cost Variance Indicate whether this variance is favorable (F) or unfavorable (U) C (0 5pts) Calculate the Variable OH Spending Variance Indicate whether this variance is favorable (F) or unfavorable (U) d (0 5pts) Calculate the Variable OH Efficiency Variance Indicate whether this variance is favorable (F) or unfavorable (U) e f g (0 5pts) Calculate the Fixed OH Cost Variance Indicate whether this variance is favorable (F) or unfavorable (U) (0 5pts) Calculate the Fixed OH Spending Variance Indicate whether this variance is favorable (F) or unfavorable (U) (0 5pts) Calculate the Fixed OH Volume Variance Indicate whether this variance is favorable (F) or unfavorable (U) ", "question_description": "\"image", "transcribed_text": "4. Overhead (OH) Variances (3.5pts): Better Than That Co. provided the following information regarding Factory Overhead (OH) from its flexible OH budget. The company has an operating capacity of 100,000 units and expects to operate at 75% of its productive capacity (i.e. expects to operate at 75,000 units, which is 75%*100,000): Operating Levels (% of capacity) Flexible OH Budget: Budgeted output (units) Budgeted DL hours Budgeted OH: Variable OH Fixed OH 65% 70% 75% 80% 65,000 78,000 DLh 70,000 84,000 DLh 75,000 90,000 DLh 80,000 96,000 DLh $429,000 $630,000 $462,000 $630,000 $495,000 $630,000 $528,000 $630,000 During the current month, the company actually operated at 70% capacity and actually used 87,500 DL hours to produce 70,000 units. The following actual overhead costs were incurred: Actual Variable OH: Actual Fixed OH: $455,000 $590,000 a. (0.5pts) Calculate the predetermined standard OH rate per DL hour for (HINT: remember to calculate these OH rates at the BUDGETED capacity): i. ii. Variable OH Fixed OH b. (0.5pts) Calculate the Variable OH Cost Variance. Indicate whether this variance is favorable (F) or unfavorable (U). C. (0.5pts) Calculate the Variable OH Spending Variance. Indicate whether this variance is favorable (F) or unfavorable (U). d. (0.5pts) Calculate the Variable OH Efficiency Variance. Indicate whether this variance is favorable (F) or unfavorable (U). e. f. g. (0.5pts) Calculate the Fixed OH Cost Variance. Indicate whether this variance is favorable (F) or unfavorable (U). (0.5pts) Calculate the Fixed OH Spending Variance. Indicate whether this variance is favorable (F) or unfavorable (U). (0.5pts) Calculate the Fixed OH Volume Variance. Indicate whether this variance is favorable (F) or unfavorable (U).", "related_book": { "title": "Financial and managerial accounting", "isbn": "111800423X, 9781118233443, 1118016114, 9781118004234, 1118233441, 978-1118016114", "edition": "1st edition", "authors": "Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/221.jpg", "uri": "\/textbooks\/financial-and-managerial-accounting-1st-edition-221", "see_more_uri": "" }, "free_related_book": { "isbn": "1800325894", "uri": "\/textbooks\/eagle-day-the-battle-of-britain-1st-edition-978-1800325890-166416", "name": "Eagle Day The Battle Of Britain", "edition": "1st Edition" }, "question_posted": "2024-05-27 18:11:24", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/management-accounting-4th-edition\/how-are-direct-and-indirect-materials-costs-distinguished-1257859", "description": "How are direct and indirect materials costs distinguished?", "stars": 3 }, { "url": "\/what-are-some-dangers-of-operating-a-restaurant-as-a", "description": "What are some dangers of operating a restaurant as a partnership?", "stars": 3 }, { "url": "\/study-help\/financial-and-managerial-accounting\/compute-the-equivalent-units-with-respect-to-conversion-1926043", "description": "Compute the equivalent units with respect to conversion.", "stars": 3 }, { "url": "\/study-help\/psychology\/discuss-the-use-of-thirdwave-therapies-in-psychotherapy-practice-1983812", "description": "Discuss the use of third-wave therapies in psychotherapy practice.", "stars": 3 }, { "url": "\/argaiv-towers-has-outstanding-an-issue-of-preferred-stock-with", "description": "Argaiv Towers has outstanding an issue of preferred stock with a par value of $100. It pays an annual dividend equal to 8 percent of par value. If the required return on Argaiv preferred stock is 6...", "stars": 3 }, { "url": "\/study-help\/questions\/hw-chapter-2-a-1-problem-2-6-corporate-9920357", "description": "HW Chapter 2 A 1 problem 2 . 6 Corporate Taxes ( LG 2 . 3 ) Oakdale Fashions, Incorporated's, income statement is reported below. ( Use corporate tax rate of 2 1 percent for your calculations. )...", "stars": 3 }, { "url": "\/study-help\/chemical-biochemical-and-engineering\/steam-at-700-bar-and-600-c-is-withdrawn-1171477", "description": "Steam at 700 bar and 600 C is withdrawn from a steam line and adiabatically expanded to 10 bar at a rate of 2 kg\/min. What is the temperature of the steam that was expanded, and what is the rate of...", "stars": 3 }, { "url": "\/study-help\/questions\/consider-the-following-transactional-data-for-the-first-month-of-6435405", "description": "Consider the following transactional data for the first month of operations for White Glove Cleaning. View the transactions.LOADING... Start from the unadjusted trial balance that White Glove...", "stars": 3 }, { "url": "\/study-help\/questions\/culture-affects-our-personalities-and-behaviors-to-analyze-underlying-reasons-1542021", "description": "Culture affects our personalities and behaviors. To analyze underlying reasons for bias and the effects on treatment methods, you will be watching a short film that asks what if our normal wasn't...", "stars": 3 }, { "url": "\/study-help\/questions\/water-initially-at-100-celsius-and-200-kpa-is-heated-1024061", "description": "Water, initially at 100 Celsius and 200 kPa, is heated isothermally (yes, this can happen-adiabatic and isothermal are not the same things) until a saturated liquid-plus-vapor mixture having a...", "stars": 3 }, { "url": "\/study-help\/questions\/examine-managing-a-firearms-business-from-a-potentially-challenging-scenario-4142025", "description": "Examine managing a firearms business from a potentially challenging scenario: Managing a firearms business during a national tragedy, more specifically, during a national tragedy involving a mass...", "stars": 3 }, { "url": "\/study-help\/questions\/imagine-you-want-to-air-an-advertisement-on-tv-1002611", "description": "Imagine you want to air an advertisement on TV . The options are morning or afternoon. The media agency claims that the advertisement will have same effectiveness regardless of the time. The...", "stars": 3 }, { "url": "\/study-help\/questions\/what-is-the-relationship-among-cohesiveness-conformity-and-groupthink-how-507886", "description": "An existing office in Kariakoo currently sells goods for Tshs 100 per unit. The variable cost is Tshs 40 per unit, and 20,000units are sold annually and a profit of Tshs 300,000 is available...", "stars": 3 }, { "url": "\/study-help\/questions\/medusa-products-uses-a-joborder-costing-system-overhead-costs-are-8358359", "description": "Medusa Products uses a job-order costing system. Overhead costs are applied to jobs on the basis of machine-hours. At the beginning of the year, management estimated that the company would work...", "stars": 3 }, { "url": "\/study-help\/precalculus\/a-new-car-sold-for-31000-if-the-vehicle-loses", "description": "A new car sold for $31,000. If the vehicle loses 15% of its value each year, how much will it be worth after 10 years?", "stars": 3 }, { "url": "\/study-help\/college-physics-reasoning\/the-index-of-refraction-of-air-increases-with-density-recall-1669359", "description": "The index of refraction of air increases with density. (Recall that the index of refraction of air at standard atmospheric pressure and temperature is n = 1.0003 and the index of refraction of the...", "stars": 3 }, { "url": "\/study-help\/college-physics-reasoning\/bifocals-are-eyeglasses-that-contain-two-different-lenses-for-each-1669353", "description": "Bifocals are eyeglasses that contain two different lenses for each eye (Fig. Q26.7). Each of these lenses is made from one piece of glass. One lens (lens 1) is used when looking at things far away,...", "stars": 3 }, { "url": "\/study-help\/college-physics-reasoning\/a-simple-experiment-can-tell-the-difference-between-a-cd-1669352", "description": "A simple experiment can tell the difference between a CD and a higher-data-density DVD. The tracks of pits on an optical data disc can act like a grating when laser light is refl ected from its...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/1921-urine-teaching-and-learning-resource-from-cengage-learning-a-1794383", "next": "\/study-help\/questions\/question-8-of-8-view-policies-20-1794385" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": " 4. Overhead (OH) Variances (3.5pts): Better Than That Co. provided the", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/4-overhead-oh-variances-35pts-better-than-that-co-provided-1794384" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }} }