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Hello, I need help with this question please Thank you Factory Overhead Variance Corrections The data related to Shunda Enterprises Inc.'s factory overhead cost for
Hello, I need help with this question please Thank you
Factory Overhead Variance Corrections The data related to Shunda Enterprises Inc.'s factory overhead cost for the production of 50,000 units of product are as follows: Actual: Variable factory overhead $218,200 157,300 Fixed factory overhead 76,000 hrs. at $5 ($2.90 for variable factory overhead) Standard: 380,000 Productive capacity at 100% of normal was 75,000 hours, and the factory overhead cost budgeted at the level of 76,000 standard hours was $377,700. Based on these data, the chief cost accountant prepared the following variance analysis: $218,200 220,400 $12.200) Variable factory overhead controllable variance: Actual variable factory overhead cost incurred Budgeted variable factory overhead for 76,000 hours Variance-favorable Fixed factory overhead volume variance: Normal productive capacity at 100% Standard for amount produced Productive capacity not used Standard variable factory overhead rate Variance-unfavorable 75,000 hrs. 76.000 1.000 hrs 5.000 $2,800 Total factory overhead cost variance-unfavorable overhead cost variance analysis. Enter a favorable variance as a negative number using a minus sign and an unfavorable Compute the following to assist you in identifying the errors in the facto 1:37 AM 2 4 /23/2000 El Calculator Productive capacity at 100% of normal was 75,000 hours, and the factory overhead cost budgeted at the level of 76,000 standard hours was $377,700. Based on these data, the chief cost accountant prepared the following variance analysis: Variable factory overhead controllable variance: Actual variable factory overhead cost incurred $218,200 Budgeted variable factory overhead for 76,000 hours 220,400 Variance-favorable $(2,200) Fixed factory overhead volume variance: Normal productive capacity at 100% 75,000 hrs. Standard for amount produced 76,000 Productive capacity not used 1,000 hrs. Standard variable factory overhead rate x 55 Variance unfavorable 5.000 Total factory overhead cost variance unfavorable $2,800 Compute the following to assist you in identifying the errors in the factory overhead cost variance analysis, Enter a favorable variance as a negative number using a minus sign and an unfavorable wariance as a positive number. Round your interim computations to the nearest cent, if required. Variance Amount Favorable/Unfavorable Variable Factory Overhead Controllable Variance Fixed Factory Overhead Volume Variance Total Factory Overhead Cost Variance - 4 1/23/2020 1:37AMEStep by Step Solution
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