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Assigned a Question - you are given the following information above. Please quantitate the price and efficency var, for each Expenses. Indicate (Unfavorable) and/or favorable.

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Assigned a Question - you are given the following information above. Please quantitate the price and efficency var, for each Expenses. Indicate (Unfavorable) and/or favorable. Actual Flex budget var. Time used Variable OH $ 60,750 $ 18.00 OHDLH increase not good! Expense. (Unfavorable) Fixed OH increase not good! Expense. (Unfavorable) $ 500,000 given OH VARIANCO Actual (as above) AQ*BOH rate Flex (as above) VOH Price Efficiency FOH Total OH Variances Price Please quantitate the price and efficency var, for each of the two overhead costs. Actual Flex budget var. Flex Volume variance Static 4,500 Actual units Time used 5,000 units 0.5 time per unit $ 50,000 $ 20 OH per DLH 5 60,750 $ 18.00 OHDLH 3 500,000 given static $ 450,000 $ Actual (as above) AQEBOH rate OH VARIANCE SECTION: Allocated Flex (as above) (8$rate . BUse*AQ). flex and allocated always the same. Flex Bud. Var. matches above Price Efficiency Price A B 1 DM and DL Variance analysis!!!! 2 We work from right to left in analysis for COST 3 Part 1, Create 3 columns - Actual/ Flexible /Static 4 5 Fill in given Information For Direct Materials: 6 figure per unit DM actually used 7 = cost DM given/used given 8 9 Fill in given Information For Direct Labour: 10 figure per DLH cost actually used 11 = 12 13 14 Part 2, Create Flexible Budget - Same as static except change BQ sold to 15 You use the same table as above. Just plug in Actual Q used, and Budget Insert Wew WW V Teme - 11 AA Den Calibriedy 1 - C Met F SE S A29 X actwa Meble - Urbaverable, more expense D AMPUMALI USA 11 26-50 per 25 SOHCH 12 848,000 Salsed 23.00013 125.000 Sted 13 14 Part 2, Cute Budget - Same as station change old to actual sold. We still have to break out the needed for each, and the cost for each 15 You use the same table as above just plug in Actual Qused, and weted costs. 36 units were made and said in any leven in 17 www the act amounts sold, however we are stii alocating budgeted proper morced petunt. The ele similar to allocated, we do not know actuals yet so weten dated puest throughout perio 18 19 Part 3. You may have noted, budgeted static vs. exibilitating the difference in amount 20 Wealth-VOLUME VARIENCE. Meanine. when Chile facute one huden did we and more (untavorable for speed test favorable reduction should wechat date for rent 21 things are favorable, we spent les moow tanected 22 rings are un vorab, wesent more money than spected 23 tocabulat, see Budgeted costs are more or less than flexible 24 Volume van Static budget-Slexible budget 25 tatcm Forbi, saving 25 Matic Lebenavoration 27 28 Part 4 Attual to fibi variante Acus-Stilexble budget 29 adual Mebelinaverable, mom 30 dualbe Sunfavorable more expense 31 32 33 Part 5, Breakout portions due to price and efficiency using the following formula 34 Part 4 han vaaleat play, but you can see them. Was it the Qor Price peribs or DHL that changed per unit? We don't know. Yet... This is how we see who con into that totalemat we do not know eactly 35 This is where we spt them into the average per ora per hour aduly used fciency variance and compare to expectations as budgeted 35 We do the same to sperior per mour actual (Price variance), and compare to expectations buted 17 38 Apa 39 Efficiency Agap 40 Part 1 41 DM Pro [Apple -0-510045000 45,000-44,000 $100 42 1354 penate weapta per bra per Hour actually wted (ency variante), and compare to pectations at budgeted to Sper sper HorstwestPrice variance and compatto expectations as budgeted Price Etficiency Appl" IA Part 1 DM Price efficiency -Ap-Bo)" (Aq-Salop FOR UF UFORF UF Matches actualele DL Price Ap-pl UFORF Eticiency BAUNDLAUnit Abgl"Bp UFORF UF Matches actualele ces This part of the ann CANNOT be done on the table bove, as we have feed and variable or amounts but we are given a total amount of $2.5M out to budgetcosts that may move with the sold. Please see below Actu Bud Allocated Variable 1st part: A DLH SOH rate Ford Tutal on se 2.500,000 Faed amount Total Fixed OH Alocated VOH located located sold" DLH VOH Rate, selve for the rate and we get OH Rate and part 2.475.000 per 4th part. Budget for Variable Alocated at its booked on an estimated rate once told VOH 5 5 125,000 UF TOTAL OH Variance Total O Allocated - Total Given 5th part, We get Actual O by taking Actua DLN VON Rate ADUNVOR Check your right with step 7 6thckstified On estimated at the beginning of the year BO DLHO rate 7th pat, specific to CH V Volume Efficiency Price SOHAllocated - SOHBudget Budgeted OHSActu OH - SActualt-Give OH expense uror UFT uror Upor Assigned a Question - you are given the following information above. Please quantitate the price and efficency var, for each Expenses. Indicate (Unfavorable) and/or favorable. Actual Flex budget var. Time used Variable OH $ 60,750 $ 18.00 OHDLH increase not good! Expense. (Unfavorable) Fixed OH increase not good! Expense. (Unfavorable) $ 500,000 given OH VARIANCO Actual (as above) AQ*BOH rate Flex (as above) VOH Price Efficiency FOH Total OH Variances Price Please quantitate the price and efficency var, for each of the two overhead costs. Actual Flex budget var. Flex Volume variance Static 4,500 Actual units Time used 5,000 units 0.5 time per unit $ 50,000 $ 20 OH per DLH 5 60,750 $ 18.00 OHDLH 3 500,000 given static $ 450,000 $ Actual (as above) AQEBOH rate OH VARIANCE SECTION: Allocated Flex (as above) (8$rate . BUse*AQ). flex and allocated always the same. Flex Bud. Var. matches above Price Efficiency Price A B 1 DM and DL Variance analysis!!!! 2 We work from right to left in analysis for COST 3 Part 1, Create 3 columns - Actual/ Flexible /Static 4 5 Fill in given Information For Direct Materials: 6 figure per unit DM actually used 7 = cost DM given/used given 8 9 Fill in given Information For Direct Labour: 10 figure per DLH cost actually used 11 = 12 13 14 Part 2, Create Flexible Budget - Same as static except change BQ sold to 15 You use the same table as above. Just plug in Actual Q used, and Budget Insert Wew WW V Teme - 11 AA Den Calibriedy 1 - C Met F SE S A29 X actwa Meble - Urbaverable, more expense D AMPUMALI USA 11 26-50 per 25 SOHCH 12 848,000 Salsed 23.00013 125.000 Sted 13 14 Part 2, Cute Budget - Same as station change old to actual sold. We still have to break out the needed for each, and the cost for each 15 You use the same table as above just plug in Actual Qused, and weted costs. 36 units were made and said in any leven in 17 www the act amounts sold, however we are stii alocating budgeted proper morced petunt. The ele similar to allocated, we do not know actuals yet so weten dated puest throughout perio 18 19 Part 3. You may have noted, budgeted static vs. exibilitating the difference in amount 20 Wealth-VOLUME VARIENCE. Meanine. when Chile facute one huden did we and more (untavorable for speed test favorable reduction should wechat date for rent 21 things are favorable, we spent les moow tanected 22 rings are un vorab, wesent more money than spected 23 tocabulat, see Budgeted costs are more or less than flexible 24 Volume van Static budget-Slexible budget 25 tatcm Forbi, saving 25 Matic Lebenavoration 27 28 Part 4 Attual to fibi variante Acus-Stilexble budget 29 adual Mebelinaverable, mom 30 dualbe Sunfavorable more expense 31 32 33 Part 5, Breakout portions due to price and efficiency using the following formula 34 Part 4 han vaaleat play, but you can see them. Was it the Qor Price peribs or DHL that changed per unit? We don't know. Yet... This is how we see who con into that totalemat we do not know eactly 35 This is where we spt them into the average per ora per hour aduly used fciency variance and compare to expectations as budgeted 35 We do the same to sperior per mour actual (Price variance), and compare to expectations buted 17 38 Apa 39 Efficiency Agap 40 Part 1 41 DM Pro [Apple -0-510045000 45,000-44,000 $100 42 1354 penate weapta per bra per Hour actually wted (ency variante), and compare to pectations at budgeted to Sper sper HorstwestPrice variance and compatto expectations as budgeted Price Etficiency Appl" IA Part 1 DM Price efficiency -Ap-Bo)" (Aq-Salop FOR UF UFORF UF Matches actualele DL Price Ap-pl UFORF Eticiency BAUNDLAUnit Abgl"Bp UFORF UF Matches actualele ces This part of the ann CANNOT be done on the table bove, as we have feed and variable or amounts but we are given a total amount of $2.5M out to budgetcosts that may move with the sold. Please see below Actu Bud Allocated Variable 1st part: A DLH SOH rate Ford Tutal on se 2.500,000 Faed amount Total Fixed OH Alocated VOH located located sold" DLH VOH Rate, selve for the rate and we get OH Rate and part 2.475.000 per 4th part. Budget for Variable Alocated at its booked on an estimated rate once told VOH 5 5 125,000 UF TOTAL OH Variance Total O Allocated - Total Given 5th part, We get Actual O by taking Actua DLN VON Rate ADUNVOR Check your right with step 7 6thckstified On estimated at the beginning of the year BO DLHO rate 7th pat, specific to CH V Volume Efficiency Price SOHAllocated - SOHBudget Budgeted OHSActu OH - SActualt-Give OH expense uror UFT uror Upor

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