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Jackson Company manufactures shirts. During June, Jackson made 1,500 shirts but had budgeted production at 1,750 shirts Jackson gathered the following additional data: (Click on
Jackson Company manufactures shirts. During June, Jackson made 1,500 shirts but had budgeted production at 1,750 shirts Jackson gathered the following additional data: (Click on the icon to view the data.) Read the requirements Data Table 13. Calculate the variable overhead cost variance. Select the formula, then enter the amounts and compute the cost variance for variable overhead (VOH) and identify whether the variance is favorable (F) or unfavorable (U). C VOH Cost Variance 14. Calculate the variable overhead efficiency variance. Select the formula, then enter the amounts and compute the efficiency variance for variable overhead and identity whether the variance is favorable (F) or unfavorable (U). = VOH Elficiency Variance Vanable overhead cost standard Direct labor efficiency standard Actual amount of direct labor hours Actual cost of variable overhead Fixed overhead cost standard Budgeted fixed overhead Actual cost of fixed overhead $0.60 per DLHO 7.00 DLHr per shirt 10,560 DLH $8.448 $0.35 per DLH $4,288 $4,323 15. Calculate the total variable overhead variance The total variable overhead variance ad variance D . Print Done 16. Calculate the fixed overhead cost variance Select the formula, then enter the amounts and compute the cost variance for fixed overhead (FOH) and identify whether the variance is favorable (F) or unfavorable (U). = Fixed Overhead Cost Variance X * Requirements 17. Calculate the fixed overhead volume variance First, select the formula, then enter the amounts and compute the fixed overhead allocated to production. Abbreviations used. SQ = standard quantity, AO = actual output) Overhead allocated to production Calculate the following variances: 13. Variable overhead cost variance 14. Variable overhead officiency variance 15. Total variable overhead variance 16. Fixed overhead cost variance 17. Fixed overhead volume variance 18. Total fixed overhead variance Print Done Now, select the formula, then enter the amounts and compute the fixed overhead volume variance and identify whether the variance is favorable (F) or unfavorable (U). = Fixed Overhead Volume Variance D ED 18. Calculate the total fixed overhead variance. The total fixed overhead variance is
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