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Mason Fender uses a standard cost system and provide the following information (Click the loon to view the information) Mason Fender local manufacturing overhead to production based on standard direct labor hours. Mason Fender reported the following actuales actual and overhead, 2000, cal direct labor hours 400 for 2018 actual number offenders produced, 20.000, actual variable overhead, $5.350, Read the remonts Requirement 1. Compute the overhead races for the year variable overhead costvarno, variable overhead officiency variance, fed overhead coloring and fund overhead volume variance Begin with the variable overhead cost and efficiency variances Select the required forms, compute the variable owerhead cost and efficiency variances and Identity whether each variance is favorable simply the formula based on the data provided. Abbreviations used: AC adalost actual unity FoH fred overhea, SC standardoost 80 standard quantity. VOH = variable overhead) or unfavorable ( (You may need to VOH con variance VOH efficiency variance Now compute the fred overhead cost and volume variances Select the required formules, compute the food overhead cost and volume variances and Identify whether each variance in favorable for actual cos, -actual quantity, FOHf d overhead, SC - standard cost: S t andard quantity favorable (U). (Abbreviations used: AC - Data Table FOH cost variance FOH volume variance Requirement 2. Explain why the variances are favorable or unfavorable The variable overhead con variances because management spent than budgeted for the actual production The variable overhead efficiency variance is because management used direct labor hours than standard and variable Shaibu gal variable overhead State budget foed overhead Static budget direct bor hours State budget uber of units Standard direct labor hours 2.300 $ 23,000 575 hours 23.000 units 0.025 hours perfonder The feed overhead cost variance is because management spent on the amount budgeted for food overhead The feed overhead volume variance's because management allocated feed overhead to jobs than was bulgated Print Done Mason Fender a standard cost system and provide the following information Click the loon to view the information) Mason Fender locaties manducturing overhead to production based on standard director hours. Mason Fender reported the following actress for 2018 actual number offenders produced, 20,000, actual variable overhead $6.350 actual fund overted, $26.000; actual direct labor hours, 460. Read the recents Requirement 1. Compute the overhead variances for the year variable overhead costvariante variable overhead efficiency wariance, fed overhead cost variance, and feed overhead volume variance Begin with the variable overhead cost and efficiency variances Select the required forms, compute the variable overhead cost and efficiency wariances and identity whether each variance is favorable (F) or unfavorable (Ul. You may need to simply the formula based on the data provided Abbreviations used: AC actual cost A quantity, FOH fuad overhead, SC andard m o mentum 1 Requirements VOH con variance VOH Bency variance Now compute the foed overhead cool and volume ances. Select the required forms, compute the feed overhead cost and volume variance actual con cualquantity: FOHfed overhead S t andard cost standard quantity) 1. Compute the overhead variances for the yearVatable overhead cost warancs, variable overhead efficiency variance, and overhead cost variance and feed overhead volume variance 2. Explain why the variances are favorable or unfavorable FOH Cost variance FOH volume variance - Done Requirement 2. Explain why the variances are favorable or unfavorable The warble overhead cost variance is because management spent than budgeted for the actual production 2.300 $ 23.000 $75 hours The warble overhead efficiency variance is because management used Static budget var overhead Static budget foed overhead State budget direct labor hours Static budget number of units Standard de labor hours direct labor hours than standard and variable overhead The fend overhead cost arances because management spent than the amount budgeted for food overhead The fred overhead volume variance is because management and feed overhead to be than was budgeted Choose from any list or enter any number in the routes and to continue to the next