Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In October, Oriole Company reports 19,700 actual direct labor hours, and it incurs $243,000 of manufacturing overhead costs. Standard hours allowed for the work done

image text in transcribed

In October, Oriole Company reports 19,700 actual direct labor hours, and it incurs $243,000 of manufacturing overhead costs. Standard hours allowed for the work done is 24,300 hours. The predetermined overhead rate is $10.15 per direct labor hour. In addition, the flexible manufacturing overhead budget shows that budgeted costs are $8.55 variable per direct labor hour and $40,900 fixed. Compute the overhead controllable variance. Overhead Controllable Variance

In October, Oriole Company reports 19,700 actual direct labor hours, and it incurs $243,000 of manufacturing overhead costs. Standard hours allowed for the work done is 24.300 hours. The predetermined overhead rate is $10.15 per direct labor hour. In addition, the flexible manufacturing overhead budget shows that budgeted costs are $8.55 variable per direct labor hour and $40.900 fixed. Compute the overhead controllable variance. Overhead Controllable Variance $ e Textbook and Media Save for Later Attempts: unlimited Submit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting Chapters 1-30

Authors: David Haddock, John Price, Michael Farina

16th Edition

1260247902, 978-1260247909

More Books

Students also viewed these Accounting questions