Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
please help. not sure of I did this right Quality Brand uses standard costing and allocates overhead using labor hours. 46) Quality Brand had an
please help. not sure of I did this right Quality Brand uses standard costing and allocates overhead using labor hours. 46) Quality Brand had an unfavorable spending varlance for varlable overhead. Which scenario would be a reasonable explanation for that variance? Actual number of direct labor hours was lower than budgeted hours. Actual variable overhead costs were higher than the budgeted costs. c) Actual variable overhead costs were lower than the budgeted costs. d) Actual number of DLH was higher than the budgeted hours. 47) Quality Brand had a favorable efficiency variance for variable overhead. Which scenario would be a reasonable explanation for that varlance? Actual number of direct labor hours was lower than budgeted hours. b) Actual variable overhead costs were higher than the budgeted costs. c) Actual varlable overhead costs were lower than the budgeted costs. d) Actual number of DLH was higher than the budgeted hours. The following data relates to Zenith Fashions in questions 48-50: Zenith Fashions uses standard costs for their manufacturing division, and has the following data related to its fixed manufacturing overhead: $30,000 $25,000 $7/ DLH 2 DLH 2,000 units Actual fixed overhead Budgeted fixed overhead Standard overhead allocation rate Standard direct labor hours per unit Actual output 48) What Is Zenith's fixed overhead spending variance? a) $3,000 F b) $3,000 U 9 $5,000 F $5,000 U 49) What is the amount of fixed overhead allocated to production based on direct labor hours? $25,000 $28,000 ) $30,000 d) $14,000 50) What Is Zenith's fixed overhead volume variance? a) $14,000 F b) $3,000 U $3,000 F 14,000 U
please help. not sure of I did this right
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started