A company has the following information for Job Alpha during July: The company applies manufacturing overhead to
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A company has the following information for Job Alpha during July:
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:
b Calculate the materials price variance for Job Alpha points:
c Calculate the materials quantity variance for Job Alpha
d Calculate the labor rate variance for Job Alpha
e Calculate the labor efficiency variance for Job Alpha
f Calculate the variable overhead spending variance for Job Alpha
g Calculate the variable overhead efficiency variance for Job Alpha
h What is the companys fixed overhead spending variance
i If the company is using a standard costing system, what is the companys overall fixed overhead volume variance
j If the company is using a standard costing system, calculate whether total fixed overhead is over or underapplied and by how much
k If the company is using a normal costing system, calculate whether total fixed overhead is over or underapplied and by how much
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