Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help finds these answers The following information relates to Tallman, Ine's overhead costs for the month: WIt (Click the icon to view the intormation.)

need help finds these answers
image text in transcribed
The following information relates to Tallman, Ine's overhead costs for the month: WIt (Click the icon to view the intormation.) Requirements 1. Compule the overhead variances for the month variable overhead cost variance, variable overtiead efficiency variance, foced onchoad cost variance, and fxed overtiead volume varance. 2. Explain why the variances are favorable or untavorable. Requirement 1. Compute the overhead variances for the month: variable overhead cost variance, variable overhead efficiency variance, fixed overhead cost variance, and fired onemesd volume variance: Begin by selecting the formulas needed to compute the variable overhead (VOH) and fored overhead (FOH) variances. and than mamnuta nach variahce amount. Data table Taliman abocates manufacturing overhead to production based on standard direct labor hours. Last month, Talman roported the following actual results: actual variable overhead, 510,200 ; actuai foced overhend, $2,760, actual protuction of 7,300 units at 0.25 direct labor hours per unit. The standard diroct labor tme is 0.4 deect labor hours per unit ( 1,600 static direct labor hours /4,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions