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I. White Corporation manufactures football jernseys and uses budgeted machine-hours to allocate variable manufacturing ' overhead The following information pertains to the company's manufacturing overhead
I. White Corporation manufactures football jernseys and uses budgeted machine-hours to allocate variable manufacturing ' overhead The following information pertains to the company's manufacturing overhead data Budgeted output units Budgeted machine-hours Budgeted vanable manufacturing overhead costs for 20,000 units 20,000 units 30,000 hours 5360,000 Actual output units produced Actual machine-hours used Actual variable manufacturing overhead costs 18,000 units 28,000 hours $342.000 A Variable-manufacturing overhead costs wer for actual output A) indeterminable C) the same as expected B) higher than expected D) lower than expected Answer the following questions using the information below: Jenny's Corporation manufactured 25,000 grooming kits for horses during March. The fixed-overhead cost-allocation rate is 520.00 per machine-hour. The following fixed overhead data pertain to March: Production Machine-hours Fixed overhead costs for March Actual 25,000 units 6,100 hours $123,000 Static Budget 24,000 units 6,000 hours 5120,000 What is the fixed overhead production-volume variance? A) $2,000 favorable C) s5,000 favorable B) 53,000 unfavorable D) S1,000 unfavorable E) None of the above. Answer the following questions using the information below: Russo Corporation manufactured 16,000 space heaters during November. The overhead cost-allocation base is $15.75 per machine-hour. The following variable overhead data pertain to November Production Machine-hours Variable overhead cost per machine-hour ActualBudgeted 16,000 units 18,000 units 7875 hours 9,000 hours $15.75 15.50 What is the total variable overhead variance A) $3,937.50 unfavorable C) $1,968.75 favorable E) None of the above. B) $3,937.50 favorable D) $1,968.75 unfavorable
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