Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Do in excel please! Foxwood Corporation uses a cost system for its production process and applies overhead based on direct labor hours. The following information

Do in excel please!

image text in transcribed

Foxwood Corporation uses a cost system for its production process and applies overhead based on direct labor hours. The following information is available for January when they produced 4, 500 units: Standard: DLH per unit 2.50 hrs variable overhead per DLH dollar 1.75 Fixed overhead per DLH dollar 3.10 Budgeted variable overhead dollar 21, 875 Budgeted fixed overhead dollar 38, 750 Budgeted DLH 12, 500 hrs Actual Direct labor hours 10,000 DLH Variable overhead cost dollar 26, 250 Fixed overhead cost dollar 38,000 Total variable overhead variance is dollar 6.562.50U. Total fixed overhead variance is dollar 3.125U INSTRUCTIONS: Using the four-variance approach, calculate the: i) Variable overhead speuding variance 2) Variable overhead efficiency variance 3) Fixed overhead spending variance 4) Fixed overhead 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

Implementing Change With Clinical Audit

Authors: Richard W. Baker, Hilary M. Hearnshaw, Noelle Robertson

1st Edition

0471982571, 978-0471982579

More Books

Students also viewed these Accounting questions

Question

=+19.4. Consider weak convergence in LP((0, 1], @, ).

Answered: 1 week ago