Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you please check question 4 and show work please Crystal Glassware Company has the following standards and flexible-budget data. Standard variable-overhead rate. Standard quantity

Can you please check question 4 and show work please
image text in transcribed

Crystal Glassware Company has the following standards and flexible-budget data. Standard variable-overhead rate. Standard quantity of direct labor Budgeted fixed overhead- Budgeted output Actual results for April are as follows: Actual putput Actual variable overhead Actual fixed overhead Actual direct labor $6 per direct-labor hour 2.0 hours per unit of output $ 146,000 36,500 units 29,200 units $ 467,200 $141,620 73,000 hours EX 11-22 (Algo) Straightforward Computation of Overhead Variances (LO 11-5) Required: Use the variance formulas to compute the following variances. Note: Indicate the effect of the first three variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance). Select "Positive" or "Negative" for the Fixed-overhead Volume variance. 1. Variable-overhead spending variance $ 29,200 Unfavorable 2. Variable-overhead efficiency variance 3. Fixed-overhead budget variance $ 87,600 Unfavorable $ 4,380 Favorable 4. Fixed-overhead volume variance $ 29,200 Positive

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

Financial Accounting

Authors: LibbyShort

7th Edition

78111021, 978-0078111020

More Books

Students also viewed these Accounting questions

Question

Review the history of forensic psychology in the United States.

Answered: 1 week ago

Question

Know some of the basic structure and function of the legal system

Answered: 1 week ago