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E 9 - 1 3 ( Algo ) Calculating Variable Manufacturing Overhead Variances [ LO 9 - 5 ] Lamp Light Limited ( LLL )
EAlgo Calculating Variable Manufacturing Overhead Variances LO Lamp Light Limited LLL manufactures lampshades. It applles variable overhead on the basis of direct labor hours. Information from LLLs standard cost card follows: tableStandard,,StandardVariable manufacturing overhead,Quantity,Standard Rate Unit Cost, During August, LLL had the following actual results: tableUnits produced and sold,Actual variable overhead,Actual direct labor hours, Required: Compute LLLs variable overhead rate variance, variable overhead efficlency variance, and over or underapplied variable overhead. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance Answer is complete but not entirely correct. tableVariable Overhead Rate Variance,$FVariable Overhead Efficiency Variance,$Variable Overhead Spending Variance,$
EAlgo Calculating Variable Manufacturing Overhead Variances LO
Lamp Light Limited LLL manufactures lampshades. It applles variable overhead on the basis of direct labor hours. Information from LLLs standard cost card follows:
tableStandard,,StandardVariable manufacturing overhead,Quantity,Standard Rate Unit Cost,
During August, LLL had the following actual results:
tableUnits produced and sold,Actual variable overhead,Actual direct labor hours,
Required:
Compute LLLs variable overhead rate variance, variable overhead efficlency variance, and over or underapplied variable overhead.
Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance
Answer is complete but not entirely correct.
tableVariable Overhead Rate Variance,$FVariable Overhead Efficiency Variance,$Variable Overhead Spending Variance,$
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