Question
hree OH variances Berlin Ltd. uses a combined overhead rate of $2.90 per machine hour to apply overhead to products. The rate was developed at
hree OH variances Berlin Ltd. uses a combined overhead rate of $2.90 per machine hour to apply overhead to products. The rate was developed at an annual expected capacity of 792,000 machine hours; each unit of product requires two machine hours to produce. At 792,000 machine hours, expected fixed overhead for Munich Ltd. Is $752,400. During November, the company produced 35,880 units and used 74,100 machine hours. Actual variable overhead for the month was $141,300 and fixed overhead was $60,000. Calculate the overhead spending, efficiency, and volume variances for November. Note: Do not use negative signs with your answers. Note: Round your answers to the nearest whole dollar.
OH Spending Variance | |||||
---|---|---|---|---|---|
Actual OH | - | Budget at Actual | = | OH Spending Variance | |
Answer | - | Answer | = | Answer | AnswerFUNeither F or U |
OH Efficiency Variance | |||||
---|---|---|---|---|---|
Budget at Actual | - | Budget at Standard | = | OH Efficiency Variance | |
Answer | - | Answer | = | Answer | AnswerFUNeither F or U |
Volume Variance | |||||
---|---|---|---|---|---|
Budget at Standard | - | Applied OH | = | Volume Variance | |
Answer | - | Answer | = | Answer | AnswerFUNeither F or U |
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