Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pointe Claire Company applies overhead based on direct labour hours. Two direct labour hours are required for each unit of product. Planned production for the

Pointe Claire Company applies overhead based on direct labour hours. Two direct labour hours are required for each unit of product. Planned production for the period was set at 8,600 units. Manufacturing overhead is budgeted at $129,000 for the period (20% of this cost is fixed). The 17,030 hours worked during the period resulted in the production of 8,400 units. The variable manufacturing overhead cost incurred was $104,800 and the fixed manufacturing overhead cost was $28,000.

Calculate the variable overhead spending variance for the period.

Variable overhead spending variance$

Calculate the variable overhead efficiency (quantity) variance for the period.

Variable overhead efficiency variance$

Calculate the fixed overhead budget (spending) variance for the period.

Fixed overhead budget variance$

Calculate the fixed overhead volume variance for the period.

Fixed overhead volume variance$

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Ethical Obligations and Decision Making in Accounting Text and Cases

Authors: Steven M. Mintz, Roselyn E. Morris

5th edition

1259969460, 73403997, 1260480852, 978-1259969461

More Books

Students also viewed these Accounting questions

Question

3. What values would you say are your core values?

Answered: 1 week ago