Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

and Data Table ad CA $ an 8,000 3,200 $ Static budget variable overhead Static budget fixed overhead Static budget direct labor hours Static budget

image text in transcribed
image text in transcribed
and Data Table ad CA $ an 8,000 3,200 $ Static budget variable overhead Static budget fixed overhead Static budget direct labor hours Static budget number of units 1,600 hours 4,000 units HO HV Longman allocates manufacturing overhead to production based on standard direct labor hours. Last month, Longman reported the following actual results: actual variable overhead, $10,100; actual fixed overhead, $2,790; actual production of 7,100 units at 0.20 direct labor hours per unit. The standard direct labor time is 0.4 direct labor hours per unit (1,600 static direct labor hours / 4,000 static units) Print Done The following information alates to Longman, inc's overhead costs for the month Click the icon to view the formation) Requirements 1 Compute the overhead varances for the month variatie overhead cost variance, valable overheid en variance, bred overhead coat variant and bred overhead volume variance 2 Eplan why the variant are favorable or unfavorable Requirement 1. Compute te vertel vanance to the month acute verhead cout variance, vanabile overhead emcy variance, Thund overhead cost varunce, and feed overhead volume varunce Begin by selecting the formated to complete vabe overhead (VH) and feed Faces, and the compute each variance amount da constancadastro VOH 3000 dual hours Standard hoarsediaandard VOR OCH Actualidade FOCO Dudosted over de ved FOHV

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Recommended Textbook for

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Accounting questions