Question
Spots Company uses a standard cost system for its production process. Spots applies overhead based on direct labor hours. The following information is available for
Spots Company uses a standard cost system for its production process. Spots applies overhead based on direct labor hours. The following information is available for july:
Standard: |
|
DLH per unit | 2.20 |
Variable overhead per DLH | 2.50 |
Fixed overhead per DLH(Based on 11,990 DLH) | $3.00 |
Actual: |
|
Unit produced | 4,400 |
Direct labor hours | 8,800 |
Variable overhead | 29,950 |
Fixed overhead | 42,300 |
1. Using the four-variance approach, what is the variable overhead spending variance? 2. Using the four-variance approach, what is the variable overhead efficiency variance? 3. Using the four-variance approach, what is the fixed overhead spending variance? 4. Using the four-variance approach, what is the volume variance? 5. Using the three-variance approach, what is the spending variance? 6. Using the three-variance approach, what is the efficiency variance? 7. Using the three-variance approach, what is the volume variance? 8. Using the two-variance approach, what is the controllable variance? 9. Using the two-variance approach, what is the noncontrollable variance? 10. Using the one-variance approach, what is the total variance? Show solution pls :D
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