Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company's flexible budget for the range of 30,000 units to 36,000 units of production showed variable overhead costs of $3.60 per unit and fixed

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
A company's flexible budget for the range of 30,000 units to 36,000 units of production showed variable overhead costs of $3.60 per unit and fixed overhead costs of $70,000. The company incurred total overhead costs of $180,100 while operating at a volume of 40,000 units. The total controllable cost variance is Multiple Choice $2,100 unfavorable. $2100 favorable. 33.900 favorable. $6,000 favorable $33.900 unfavorable Hassock Corp. produces woven wall hangings. It takes 4 hours of direct labor to produce a single wall hanging. Hassock's standard labor cost is $16 per hour. During August, Hassock produced 17.900 units and used 72.190 hours of direct labor at a total cost of $1152,040. What is Hassock's labor efficiency variance for August? Multiple Choice 12.440 unfavorable $6.000 favorable 9,440 unfavorable 9440 favorable 6440 untavorable A company provided the following direct materials cost information. Compute the total direct materials cost variance Standard costs assigned: Direct materials standard cost (405,000 units e $2.00/unit) 810,000 Actual costs: Direct Materials costs incurred (403,750 units $2.20/unit) $888,250 Multiple Choice Actual costs: Direct Materials costs incurred (403,750 units $2.20/unit) $888,250 Multiple Choice $2,500 Favorable. $80,750 Unfavorable. $80,750 Favorable $78.250 Favorable. $78.250 Unfavorable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions