Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Shaw Incorporated began this period with a budget for 1,120 units of predicted production. The budgeted overhead at this predicted activity follows. At period-end, total
Shaw Incorporated began this period with a budget for 1,120 units of predicted production. The budgeted overhead at this predicted activity follows. At period-end, total actual overhead was $105,200, and actual units produced were 1,020. The company applies overhead with a standard of 3 DLH per unit and a standard overhead rate of $30 per DLH. Variable overhead Fixed overhead Total overhead $ 56,000 46,000 $ 102,000 a. Compute controllable variance. b. Compute volume variance. Complete this question by entering your answers in the tabs below. Required A Required B Compute controllable variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) 105,200 Controllable Variance Actual total overhead $ Budgeted (flexible) overhead at units produced Controllable variance TTTTTTTTTTTTTT LLLLLLLLLL Unfavorable -Resired Required B > Shaw Incorporated began this period with a budget for 1.120 units of predicted production. The budgeted overhead at this predicted activity follows. At period-end, total actual overhead was $105,200, and actual units produced were 1,020. The company applies overhead with a standard of 3 DLH per unit and a standard overhead rate of $30 per DLH. Variable overhead Fixed overhead Total overhead $ 56,000 46,000 $ 102,000 a. Compute controllable variance. b. Compute volume variance. Complete this question by entering your answers in the tabs below. Required A Required B ... Compute volume variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Volume Variance Budgeted (flexible) overhead at units produced Standard overhead applied Volume variance Unfavorable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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