TB MC Qu. 15-75 (Algo) The total overhead flexible budget (FB) variance: Helmet Company Helmet Company has the following factory overhead costs for the most recent period: Standard overhead cost applied to this period's production Flexible budget for overhead based on output (i.e., units pro Total budgeted overhead in the master (static) budget Actual total overhead cost incurred during the period Under a two-variance analysis (breakdown) of the total overhead variance for the period, the total overhead flexible budget (FB) variance is: Multiple Choice $5,000 unfavorable. $8,000 favorable $11,000 favorable, $12,000 unfavorable. $15,000 unfavorable. TB MC Qu. 15-66 (Algo) The variable overhead spending variance: Gas Company The following information for the past year is available from Gas Company, a company that uses machine hours to apply standard factory overhead cost to outputs: Actual total factory overhead cost incurred $ 26,000 Actual fixed overhead cost incurred $ 11,000 Budgeted fixed overhead cost $ 12,000 Actual machine hours 7,000 Standard machine hours allowed for the units manufactured 4,200 Denominator volume-machine hours 7,500 Standard variable overhead rate per machine hour $ 3 51 The variable overhead spending variance is: TB MC Qu. 15-117 (Algo) The variable overhead efficiency variance for the period: Terry Company The following information is available from the Terry Company: Actual total factory overhead cost incurred Actual fixed overhead cost incurred Budgeted fixed overhead expenses Actual direct labor hours (DLH) worked Standard DLHs for this period's production (output) Standard variable overhead rate per DLH Standard fixed overhead rate per DLH $ 24,000 $ 12,300 $ 10,000 4,300 3,300 $ 3.00 $ 2.50 What was the variable overhead efficiency variance for the period? TB MC Qu. 15-118 (Algo) The fixed overhead production volume variance: Terry Company The following information is available from the Terry Company: Actual total factory overhead cost incurred Actual fixed overhead cost incurred Budgeted fixed overhead expenses Actual direct labor hours (DLH) worked Standard DLHs for this period's production (output) Standard variable overhead rate per DLH Standard fixed overhead rate per DLH $ 37,000 $ 10,400 $ 11,000 8,400 3,300 $ 3.00 $ 2.50 What is the fixed overhead production volume variance for Terry Company for the period? TB MC Qu. 15-75 (Algo) The total overhead flexible budget (FB) variance: Helmet Company Helmet Company has the following factory overhead costs for the most recent period: Standard overhead cost applied to this period's production Flexible budget for overhead based on output (i.e., units pro Total budgeted overhead in the master (static) budget Actual total overhead cost incurred during the period Under a two-variance analysis (breakdown) of the total overhead variance for the period, the total overhead flexible budget (FB) variance is: Multiple Choice $5,000 unfavorable. $8,000 favorable $11,000 favorable, $12,000 unfavorable. $15,000 unfavorable. TB MC Qu. 15-66 (Algo) The variable overhead spending variance: Gas Company The following information for the past year is available from Gas Company, a company that uses machine hours to apply standard factory overhead cost to outputs: Actual total factory overhead cost incurred $ 26,000 Actual fixed overhead cost incurred $ 11,000 Budgeted fixed overhead cost $ 12,000 Actual machine hours 7,000 Standard machine hours allowed for the units manufactured 4,200 Denominator volume-machine hours 7,500 Standard variable overhead rate per machine hour $ 3 51 The variable overhead spending variance is: TB MC Qu. 15-117 (Algo) The variable overhead efficiency variance for the period: Terry Company The following information is available from the Terry Company: Actual total factory overhead cost incurred Actual fixed overhead cost incurred Budgeted fixed overhead expenses Actual direct labor hours (DLH) worked Standard DLHs for this period's production (output) Standard variable overhead rate per DLH Standard fixed overhead rate per DLH $ 24,000 $ 12,300 $ 10,000 4,300 3,300 $ 3.00 $ 2.50 What was the variable overhead efficiency variance for the period? TB MC Qu. 15-118 (Algo) The fixed overhead production volume variance: Terry Company The following information is available from the Terry Company: Actual total factory overhead cost incurred Actual fixed overhead cost incurred Budgeted fixed overhead expenses Actual direct labor hours (DLH) worked Standard DLHs for this period's production (output) Standard variable overhead rate per DLH Standard fixed overhead rate per DLH $ 37,000 $ 10,400 $ 11,000 8,400 3,300 $ 3.00 $ 2.50 What is the fixed overhead production volume variance for Terry Company for the period
