Question
Mary correctly completed the material variances for the lamp shades and the overhead variences. Her work is correct however, in reviewing her work the standards
Mary correctly completed the material variances for the lamp shades and the overhead variences. Her work is correct however, in reviewing her work the standards were crossed out.
The total material price variance for the lamp shades purchased: $720.00 Favorable
The variable overhead efficiency variance: $185.22 Unfavorable
The variable OH spending variance: $163.80 Favorable
The fixed OH volume (denominator) variance: $120.12 Unfavorable
The fixed OH spending variance: $726.61 Favorable
What was the standard cost of a Lamp Shade? {21.01} What was the standard cost per lamp for the variable overhead? {21.02}
What was the budgeted fixed overhead? {21.03} What was the standard cost per lamp for the fixed overhead? {21.04}
What was the monthlyexpected production ofcustomized lamps that was used to determine the standard fixed overhead rate? {21.05}
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