Chapter 21 Assignment i 14 James Corp. applies overhead on the basis of direct labor hours. For the month of May, the company planned production of 10,000 units (80% of its production capacity of 12,500 units) and prepared the following overhead budget: 1.54 points Operating Levels BOX 10,000 30,000 eBook Overhead Budget Production in units Standard direct labor hours Budgeted overhead Variable overhead costs Indirect materials Indirect labor Power Maintenance Total variable costs Fixed overhead costs Rent of factory building Depreciation Machinery Supervisory salaries Total fixed costs Total overhead costs $ 20,400 30.000 6,000 3,600 60,000 12,000 11,80e 30,200 54,000 $114,000 Print References During May, the company operated at 90% capacity (11,250 units) and incurred the following actual overhead costs: Overhead costs (actual) Indirect materials Indirect labon Power Maintenance Rent of factory building Depreciation-Machinery Supervisory salaries Total actual overhead costs $ 20,488 33, 350 6,750 4,888 12,080 11,800 33,500 $ 122,680 1. Compute the overhead controllable variance and classify it as favorable or unfavorable. 2. Compute the overhead volume variance and classify it as favorable or unfavorable. 3. Prepare an overhead variance report at the actual activity level of 11,250 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the overhead controllable variance and classify it as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Controllable variance Total actual overhead Flexible budget overhead Variable Fixed Total Overhead controllable vanance 0 Required 2 > G o Type here to search O Apps 5 New Tab y! Why is it difficult to... G How to Draw a Car:... Chapter 21 Assignment i 14 Jomes Corp. applies overhead on the basis of direct labor hours. For the month of May, the company planned production of 10,000 units (80% of its production capacity of 12,500 units) and prepared the following overhead budget: 1.54 points Operating Levels 89% 10,000 30,000 eBook Overhead Budget Production in units Standard direct labor hours Budgeted overhead Variable overhead costs Indirect materials Indirect labon Power Maintenance Total variable costs Fixed overhead costs Rent of factory building Depreciation Machinery Supervisory salaries Total fixed costs Total overhead costs $ 20,400 30,000 6,080 3,600 60,000 Hint 12,008 11,800 30,280 54,000 $114,000 References During May, the company operated at 90% capacity (11,250 units) and incurred the following actual overhead costs: Overhead costs (actual) Indirect materials Indirect labon Power Mjintenance Rent of factory building Depreciation-Machinery Supervisory salaries Total actual overhead costs $ 20,400 33,350 6,75e 4,880 12,000 11,800 33,588 $122,690 1. Compute the overhead controllable variance and classify it as favorable or unfavorable. 2 Compute the overhead volume variance and classify it as favorable or unfavorable. 3. Prepare an overhead variance report at the actual activity level of 11,250 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the overhead volume variance and classify it as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round intermediate calculations.) Volume Variance Total budgeted fixed OH Total fixed overhead applied Volume variance Favorable Required 1 Required 3 > 5 Grow o Type here to search TY IS IC Olincuit to... G How to Draw a Car.... Chapter 21 Assignment i 14 UNILS (QU76 VIILS PIVOULLION LOPOLily VIZIV Unisatiu prepareu le TUTUWING Uverlegu uuugel. Operating Levels 80% 10,000 30,000 1.54 points Overhead Budget Production in units Standard direct labor hours Budgeted overhead Variable overhead costs Indiroct materials Indirect labor Power Maintenance Total variable costs Fixed overhead costs Rent of factory building Depreciation Machinery Supervisory salaries Total fixed costs Total overhead costs $ 20,400 38.oue 6,000 3,600 60,000 eBook 12,000 11,880 30,200 54,000 $114,000 During May, the company operated at 90% capacity (11,250 units) and incurred the following actual overhead costs: References $ 20,400 33, 350 6,750 Overhead costs (actual) Indirect materials Indirect labor Power Maintenance Rent of factory building Depreciation Machinery Supervisory salaries Total actual overhead costs 12,000 11,800 33.580 $122,680 1. Compute the overhead controllable variance and classify it as favorable or unfavorable. 2 Compute the overhead volume variance and classify it as favorable or unfavorable. 3. Prepare an overhead verionce report at the actual activity level of 11,250 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an overhead variance report at the actual activity level of 11,250 units. Classify as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not found intermediate calculations.) JAMES CORP. Overhead Varlance Report For Month Ended May 31 Expected production volume Production level achieved Flexible Budget Actual Results Variances Fav./Unrav. Volume variance controllable Variance Variable overhead costs: Indirect materials Indirect labor Power Maintenance Fixed overhead costs: Total overhead costs G Type here to search O
