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A company has the following information for Job Alpha during July: table [ [ , , 3 8 6 ] , [ Units produced,,
A company has the following information for Job Alpha during July: tableUnits produced,, lbsActual materials used and purchaseo$ per poundActual Materials cost,,tableActual labor hours incurredActual labor rate$ perhour The company applies manufacturing overhead to jobs based on direct labor hours. Additional information for the whole company not just job Alpha in July is as follows: Round calculations and final answers to two decimals a Assuming a normal costing system, calculate the total cost of Job Alpha points: h What is the company's fixed overhead spending variance points: i If the company is using a standard costing system, what is the company's overall fixed overhead volume variance points: j If the company is using a standard costing system, calculate whether total fixed overhead is over or underapplied and by how much points: k Extra Credit: If the company is using a normal costing system, calculate whether total fixed overhead is over or underapplied and by how much points:
A company has the following information for Job Alpha during July:
tableUnits produced,, lbsActual materials used and purchaseo$ per poundActual Materials cost,,tableActual labor hours incurredActual labor rate$ perhour
The company applies manufacturing overhead to jobs based on direct labor hours.
Additional information for the whole company not just job Alpha in July is as follows:
Round calculations and final answers to two decimals
a Assuming a normal costing system, calculate the total cost of Job Alpha points:
h What is the company's fixed overhead spending variance points:
i If the company is using a standard costing system, what is the company's overall fixed overhead volume variance points:
j If the company is using a standard costing system, calculate whether total fixed overhead is over or underapplied and by how much points:
k Extra Credit: If the company is using a normal costing system, calculate whether total fixed overhead is over or underapplied and by how much points:
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