Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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 output Actual variable overhead. Actual fixed overhead Actual direct labor 1. Variable-overhead spending variance 2. Variable-overhead efficiency variance 3. Fixed-overhead budget variance 4. Fixed-overhead volume variance $ 345,600 $ 104,760 $ 108,000 21,600 units $6 per direct-labor hour 2.0 hours per unit of output 27,000 units 54,000 hours 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 "0" for no effect (i.e., zero variance). Select "Positive" or "Negative" for the Fixed-overhead Volume variance.
image text in transcribed
Required informetion Crystal Glassware Compary has the following standards and Alexible-budget data. Actual results for Apnt are as follows: Required: Use the varance formulas to compute the following variances Note: Indicete the effect of the first three voriance by selecting "Favoroble" or "Unfovorable". Select "None" and enter " 0 " for no effect (i.e., zero voriance). Select "Positive" or "Negotive" for the Fixed-overheod Volume 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

Auditing Integrated Concepts And Procedures

Authors: Donald H. Taylor, G. William Glezen

5th Edition

0471524239, 978-0471524236

More Books

Students also viewed these Accounting questions

Question

What are the current HRM challenges in the textile industry?

Answered: 1 week ago