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Chelsea Fabricating applies variable overhead to products on the basis of standard direct labor hours. Presented is selected information for last month when 10,000 units
Chelsea Fabricating applies variable overhead to products on the basis of standard direct labor hours. Presented is selected information for last month when 10,000 units were produced.
Required Solve for items "a" through "h."
Direct labor | Variable overhead | |||
---|---|---|---|---|
Actual | Answer | Answer | ||
Standard hours/unit | Answer | Answer | ||
Actual hours (total) | 6,500 | 6,500 | ||
Standard rate/hour | $36.00 | $24.00 | ||
Actual rate | $37.80 | |||
Flexible budget | $90,000 | $60,000 | ||
Labor rate or variable overhead spending variance | Answer | AnswerUF | Answer | AnswerUF |
Efficiency variances | Answer | AnswerUF | Answer | AnswerUF |
Total flexible budget variance | Answer | AnswerUF | $4,000 | F |
Please answer all parts of the question.
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