Other Information

Overhead is Allocated on Direct Labour Hours

During the year, 602 kg of materials were purchased for $12,000

Beginning Direct Material Inventory:none

Ending Direct Material Inventory:39kg

Required: Calculate the following variances

A.Variable Overhead Rate

B.Variable Overhead Efficiency

C.Fixed Overhead Rate

D.Fixed Overhead Production Volume

?

CoursHeroTranscribedText

A manufacturer had the following information: Budget Actual Units produced 10,000 11,050 Materials used in production 400 kg ? Material Costs $ 8,000 ? Direct Labour (Hours) 35,000 hrs 41,010 hrs Direct Labour Costs $ 385,000 $450,951 Variable Overhead Costs Fixed Overhead Costs $ 350,000 $411,441 $ 160,000 $136,358