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I need the following four problems answered: d) What is the direct labor efficiency variance? e) What is the variable overhead spending variance? f) What
I need the following four problems answered:
d) What is the direct labor efficiency variance?
e) What is the variable overhead spending variance?
f) What is the variable overhead efficiency variance?
g) What is the fixed overhead spending variance?
Pharoah's Style manufactures dining room tables for both home and restaurant locations. David Richard, the company's controller, developed the following standard costs for each 5-foot table. Ms. Richard developed these standards based on the company manufacturing 1,260 tables per month. - The company actually manufactured 1,160 tables during the month. - 5,960 linear feet of direct materials were purchased during the month at a total cost of $258,664. - 5,460 linear feet of direct materials were used to manufacture the tables. - 14,160 direct labor hours were worked at a total cost of $242,280. - Actual variable overhead was \$245,200. - Actual fixed overhead was $411,100. Calculate the direct labor efficiency variance for the month. (If variance is zero, select "Not Applicable" and enter O for the amounts.) Direct labor efficiency variance $ Variable overhead spending variance Variable overhead efficiency variance $ (g) Calculate the fixed overhead spending variance for the month. (If variance is zero, select "Not Applicable" and enter O for the amounts.) Fixed overhead spending variance $ Pharoah's Style manufactures dining room tables for both home and restaurant locations. David Richard, the company's controller, developed the following standard costs for each 5-foot table. Ms. Richard developed these standards based on the company manufacturing 1,260 tables per month. - The company actually manufactured 1,160 tables during the month. - 5,960 linear feet of direct materials were purchased during the month at a total cost of $258,664. - 5,460 linear feet of direct materials were used to manufacture the tables. - 14,160 direct labor hours were worked at a total cost of $242,280. - Actual variable overhead was \$245,200. - Actual fixed overhead was $411,100. Calculate the direct labor efficiency variance for the month. (If variance is zero, select "Not Applicable" and enter O for the amounts.) Direct labor efficiency variance $ Variable overhead spending variance Variable overhead efficiency variance $ (g) Calculate the fixed overhead spending variance for the month. (If variance is zero, select "Not Applicable" and enter O for the amounts.) Fixed overhead spending variance $Step by Step Solution
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