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i have 6 question that i need help with please if its possible. thank you so much 2,020 Standard machine hours allowed 2,280 Denominator activity
i have 6 question that i need help with please if its possible. thank you so much
2,020 Standard machine hours allowed 2,280 Denominator activity (machine hours) 2,530 Actual fixed overhead costs $ 16,850 Budgeted fixed overhead costs $ 17,710 Predetermined overhead rate ($2 $ 9 variable + $7 fixed) What is the production volume variance? $500 unfavorable. $3,570 unfavorable. $860 unfavorable. $1,750 unfavorable. Question 2 Arrow Industries employs a standard cost system in which direct materials inventory is carried at standard cost. Arrow has established the following standards for the prime costs of one unit of product. Standa Standa rd rd Quanti price ty 2.00 Direct 15 per Materia pounds $ pound ls Standard cost 15.00 per hour 30.00 $ 3.75 $ Direct 0.25 $ Labor hour $ 33.75 During November, Arrow purchased 401,000 pounds of direct materials at a total cost of $806,500. The total factory wages for November were $100,500, 90% of which were for direct labor. Arrow manufactured 26,000 units of product during November using 384,500 pounds of direct materials and 6,650 direct labor hours. What is the direct labor price (rate) variance for November? $12,000 favorable. $750 favorable. $3,000 favorable. $9,300 favorable. Question 3 Denominator hours for May 11,000 Actual hours worked during 10,300 May Standard hours allowed for 8,800 May Flexible budget fixed overhead $ 33,000 cost Actual fixed overhead costs for $ 37,200 May What is the fixed overhead spending (price) variance for May? $6,600 unfavorable. $4,200 favorable. $6,600 favorable. $4,200 unfavorable. Question 4. Denominator hours for May 9,000 Actual hours worked during 8,000 May Standard hours allowed for 6,000 May Flexible budget fixed overhead $ 26,000 cost Actual fixed overhead costs for $ 28,000 May Dickey Company had total underapplied overhead of $9,000. Additional information is as follows: Variable Overhead: Applied based on standard direct labor hours allowed Budgeted based on standard direct labor hours $25,000 Fixed Overhead: Applied based on standard direct labor hours allowed Budgeted based on standard direct labor hours $18,000 23,000 16,000 What is the actual total overhead for the period? $48,000. $52,000. $37,000. $35,000. Question 5 Units Flexible Actual Budget Results Varianc e 10,000 Sales Flexibl Activity e Varianc Budget e ? 1,100 U Master Budget ? Sales revenue ? 10,000 F ? ? ? Less:Step by Step Solution
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