Question
The following information is available for Baxter Manufacturing for April: Actual machine hours 840 Standard machine hours allowed 900 Denominator activity (machine hours) 1000 Actual
The following information is available for Baxter Manufacturing for April:
Actual machine hours | 840 | ||
Standard machine hours allowed | 900 | ||
Denominator activity (machine hours) | 1000 | ||
Actual Variable Overhead | $1,000 | ||
Actual fixed overhead costs | $3,800 | ||
Budgeted fixed overhead costs | $4,000 | ||
Predetermined overhead rate ($1 variable + $4 fixed) | $5 |
What is the fixed overhead price (spending) variance for April?
What is the production volume variance?
What is the variable spending variance?
What is the variable efficiency variance?
How much is controllable variance?
How much is the idle capacity variance?
Step by Step Solution
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Step: 1
Absolutely lets break down the variances for Baxter Manufacturing in April 1 Fixed Overhead Price Spending Variance This variance analyzes the difference between the actual fixed overhead costs incurr...
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Cost Management Measuring, Monitoring And Motivating Performance
Authors: Leslie G. Eldenburg, Susan K. Wolcott, Liang Hsuan Chen, Gail Cook
3rd Canadian Edition
978-1-119-1856, 978-1119185697
