Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you help me answer these questions? 18/19/20 Part 2 of 2 Use the following information for the Quick Study below. (Algo) [The following information

Can you help me answer these questions? 18/19/20

image text in transcribed
Part 2 of 2 Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] points AirPro Corporation reports the following for this period. Skipped Standard overhead applied $ 28, 625 Budgeted (flexible) variable overhead rate $ 2.10 per unit 71 208 units BOOK Actual activity level 10, 608 units QS 21-16 (Algo) Volume variance LO P4 Compute the volume variance and identify it as favorable or unfavorable. 85 19 10 10 Volume Variance Volume variance Javon Company set standards of 2 hours of direct labor per unit at a rate of $15.50 per hour. D direct labor at a $244,125 total cost to produce 6,500 units of product. the company uses 15,500 hours of" SHE Standard Hour AR = Actual Ra (1) Compute the direct labor rate variance, the direct labor al direct labor variance for each of these two (2) Javon investigates variances of more than 5% of act company investigate plete this question by entering your 1 Required 2 Compute the direct labor rate variance , the direct labor efficiency variance , and the total direct labor variance for each of these two months . ( Indicate the Actual Cost Pine 1 Required 2 investigate further variances of more than 59% of actual direct labor cost . Which direct labor variances will the company points Manuel Company predicts it will operate at 80% of its productive capacity. Its overhead allocation base is DLH and its standard amount per allocation base is 0.5 DLH per unit. The company Skipped reports the following for this period. 803 Capacity Production ( in units ) 52, 750 variable overhead 290, 123 Total overhead $ 342, 875 $ 341, 300 Exercise 21-17 (Algo) Computing standard overhead rate and total overhead variance LO 1. Compute the standard overhead rate. Hint: Standard allocation base at 80% capacity is 26,375 DLH, computed as 2 . Compute the standard overhead applied . eferences or no variance.) 3: Compute the total overhead variance. (Indicate the effect of the variance by selecting favorable, unfavorable, 1. Standard overhead rate 2. Standard overhead applied 3. Overhead variance Required 1 Required 2 Compute the overhead volume variance . Indicate variance as favorable or unfavorable . ( Indicate the effect of the variance selecting favorable, unfavorable, or no variance.) Volume variance Required 1 Required 2 Compute the overhead controllable variance . Indicate variance as favorable or unfavorable . ( Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Controllable variance Controllable variance

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

Recommended Textbook for

Survey Of Accounting

Authors: Thomas Edmonds, Philip Olds, Frances McNair, Bor-Yi Tsay

1st Edition

0073526770, 9780073526775

More Books

Students also viewed these Accounting questions

Question

Behaviour: What am I doing?

Answered: 1 week ago