Question
AirPro Corp. reports the following for November. Actual total factory overhead incurred $ 28,175 Standard factory overhead: Variable overhead $ 3.10 per unit produced Fixed
AirPro Corp. reports the following for November. |
Actual total factory overhead incurred | $ | 28,175 | |
Standard factory overhead: | |||
Variable overhead | $ | 3.10 | per unit produced |
Fixed overhead | |||
($12,000/12,000 predicted units to be produced) | $ | 1 | per unit |
Predicted units produced | 12,000 | units | |
Actual units produced | 9,800 | units |
Compute theoverhead volume variance for November. | ||
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BatCo makes metal baseball bats. Each bat requires 1 kg. of aluminum at $18 per kg. and 0.25 direct labor hours at $20 per hour. Overhead is assigned at the rate of $40 per labor hour. Assume the actual cost to manufacture one metal bat was $40. Compute the cost variance and classify it as favorable or unfavorable.(Round "Qty per unit"to 2 decimal places.) | ||||||||||||||||||||
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Tercer reports the following on one of its products. |
Direct materials standard (4 lbs. @ $2/lb.) | $ | 8 | per finished unit |
Actual direct materials used (AQ) | 300,000 | lbs. | |
Actual finished units produced | 60,000 | units | |
Actual cost of direct materials used | $ | 535,000 | |
|
The following information describes a companys usage of direct labor in a recent period. |
Actual direct labor hours used (AH) | 65,000 | |
Actual direct labor rate per hour (AR) | $ | 15 |
Standard direct labor rate per hour (SR) | $ | 14 |
Standard direct labor hours for units produced (SH) | 67,000 |
AirPro Corp. reports the following for November. |
Actual total factory overhead incurred | $ | 28,175 | |
Standard factory overhead: | |||
Variable overhead | $ | 3.10 | per unit produced |
Fixed overhead | |||
($12,000/12,000 predicted units to be produced) | $ | 1 | per unit |
Predicted units produced | 12,000 | units | |
Actual units produced | 9,800 | units | |
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