Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ps. pls indicate the formula thanks in advance. Godbless Cars Exec Company uses a standard cost system for its production process and applies overhead based

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

ps. pls indicate the formula thanks in advance. Godbless

Cars Exec Company uses a standard cost system for its production process and applies overhead based on direct labor hours. The following information is available for May when Cars Exec produced 4,500 Standard: DLH per unit 2.50 Variable overhead per DLH P1.75 Fixed overhead per DLH P3.10 Budgeted variable overhead P21,875 Budgeted fixed overhead P38,750 Actual: Direct labor hours Variable overhead Fixed overhead 10,000 P26.250 P38.000 Using the two-variance approach, what is the controllable variance? Select one: a. P5,812.50 U b. P4,375.00 F c. P5,812.50 F d. P4,375.00 U XYZ Company has the following data: Budgeted Production 1,200 units Budgeted fixed overhead P120,000 Direct labor standard per unit 1.5 hours @ P50 per direct labor hour Direct material standard per unit 0.5 kg @ P23 per kilo Standard variable overhead P30 per direct labor hour Actual production 1,150 units Actual fixed overhead P121,000 Actual direct labor 1,800 hours @ P90,000 Actual direct materials 690 kg @ P15,525 Actual variable overhead P55,800 Calculate the fixed overhead spending variance. Do not use a comma in your answer. unfavorable XYZ Company has the following data: Budgeted Production 1,200 units Budgeted fixed overhead P120,000 Direct labor standard per unit 1.5 hours @ P50 per direct labor hour Direct material standard per unit 0.5 kg @ P23 per kilo Standard variable overhead P30 per direct labor hour Actual production 1,150 units Actual fixed overhead P121,000 Actual direct labor 1,800 hours @ P90,000 Actual direct materials 690 kg @ P15,525 Actual variable overhead P55,800 Calculate the total overhead variance. Do not use a comma in your answer. favorable XYZ Company has the following data: Budgeted Production 1,200 units Budgeted fixed overhead P120,000 Direct labor standard per unit 1.5 hours @ P50 per direct labor hour Direct material standard per unit 0.5 kg @ P23 per kilo Standard variable overhead P30 per direct labor hour Actual production 1,150 units Actual fixed overhead P121,000 Actual direct labor 1,800 hours @ P90,000 Actual direct materials 690 kg @ P15,525 Actual variable overhead P55,800 Calculate the fixed overhead volume variance favorable

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_2

Step: 3

blur-text-image_3

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

The Safety Audit Designing Effective Strategies

Authors: Roger Saunders

1st Edition

0273034480, 978-0273034483

More Books

Students also viewed these Accounting questions

Question

What are the purposes of promotion ?

Answered: 1 week ago

Question

Define promotion.

Answered: 1 week ago

Question

Write a note on transfer policy.

Answered: 1 week ago