Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: Direct materials Direct labor Variable manufacturing overhead Standard Quantity 7.00 pounds 0.70 hours 0.70 hours Standard Price or Rate $ .80 per pound $45.50 per hour $ 9.70 per hour Standard Cost $ 5.60 $31.85 $ 6.79 During March, the following activity was recorded by the company: The company produced 3,600 units during the month. A total of 20,600 pounds of material were purchased at a cost of $14,780. There was no beginning inventory of materials on hand to start the month; at the end of the month, 4,820 pounds of material remained in the warehouse. During March, 1,210 direct labor-hours were worked at a rate of $42.50 per hour. Variable manufacturing overhead costs during March totaled $15,261. The direct materials purchases variance is computed when the materials are purchased. The variable overhead rate variance for March is: Multiple Choice $4,425 U $4,425 F $3,524 F $3,524 U Bartoletti Fabrication Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHS) at $8.90 per MH. The company had budgeted its fixed manufacturing overhead cost at $66,000 for the month. During the month, the actual total variable manufacturing overhead was $66,900 and the actual total fixed manufacturing overhead was $69,000. The actual level of activity for the period was 7,000 MHs. What was the total of the variable overhead rate and fixed manufacturing overhead budget variances for the month? O $7,600 favorable O $4,600 unfavorable O $7,600 unfavorable O $4,600 favorable Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Original Budget Actual Costs $ $ 8,100 10,750 8,290 10,100 Variable overhead costs: Supplies Indirect labor Fixed overhead costs: Supervision Utilities Factory depreciation Total overhead cost 15,910 15, 200 59,610 $109,570 14,520 15, 250 60,950 $109, 110 The company based its original budget on 8,100 machine-hours. The company actually worked 8,060 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 7,990 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month? (Round your intermediate calculations to 2 decimal places.) Multiple Choice $1,136 unfavorable $1,232 favorable Oo oo ) $1,232 unfavorable $1,136 favorable A manufacturing company has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: 7,900 DLHS Denominator level of activity Overhead costs at the denominator activity level: Variable overhead cost Fixed overhead cost $43,450 $86,900 The following data pertain to operations for the most recent period: Actual hours Standard hours allowed for the actual output Actual total variable manufacturing overhead cost Actual total fixed manufacturing overhead cost 8,100 DLHS 7,742 DLHS $47,400 $85,820 The fixed manufacturing overhead budget variance for the period is closest to: 0 $3,938 U 0 $658 F 0 $1,080 F 0 $3,950 F
