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Duncanville, Inc., has the following overhead standards: Variable overhead: 4 hours at $8 per hour Fixed overhead: 4 hours at $10 per hour The standards
Duncanville, Inc., has the following overhead standards:
Variable overhead: 4 hours at $8 per hour
Fixed overhead: 4 hours at $10 per hour
The standards were based on a planned activity of 20,000 machine hours. During the year, 5,000 units were scheduled for production. Actual data follow.
Variable overhead incurred actual : $167,750
Fixed overhead incurred actual : $210,000
Machine hours worked: 19,800
Actual units produced: 5,100
Find:
- Duncanville's fixed-overhead budget variance.
- Duncanville's fixed-overhead volume variance.
- Duncanville's variable-overhead spending variance.
- Duncanville's variable-overhead efficiency varianc.
- The amount of variable overhead that Duncanville applied to production.
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