Tipton Company manufactures shirts. During June, Tipton made 1.200 shirts but had budgeted production at 1.400 shirts. Tipton gathered the following additional data: EEE (Click on the icon to view the data.) Read the requirements. 13. Calculate the variable overhead cost variance. Select the formula, then enter the amounts and compute the cost variance for variable overhead (VOH) and identify whether the variance is favorable (F) or unfavorable (U) Actual Costt 6.25 VOH Cost Variance 420 U Standard Cost) x Actual Quantity 6.00 1680 14. Calculate the variable overhead efficiency variance. Select the formula, then enter the amounts and compute the efficiency variance for variable overhead and identify whether the variance is favorable (F) or unfavorable (U) Actual Quantity| | Standard Quantity ! ) X VOH Efficiency Variance -D 15. Calculate the total variable overhead variance The total variable overhead variance is 16. Calculate the fixed overhead cost variance Select the formula, then enter the amounts and compute the cost variance for fixed overhead (FOH) and identify whether the variance is favorable (F) or unfavorable (U) - Fixed Overhead Cost Variance 17. Calculate the fixed overhead volume variance First. select the formula. then enter the amounts and comoute the fixed overhead allocated to oroduction. (Abbreviations used: SQ standard auantitv. AO-actual outout.) Choose from any list or enter any number in the input fields and then continue to the next question. Tipton Company manufactures shirts. During June, Tipton made 1,200 shirts but had budgeted production at 1,400 shirts. Tipton gathered the following additional data: (Click on the icon to view the data.) Read the requirements. 15. Calculate the total variable overhead variance The total variable overhead variance is ] 16. Calculate the fixed overhead cost variance Select the formula, then enter the amounts and compute the cost variance for fixed overhead (FOH) and identify whether the variance is favorable (F)or unfavorable (U) Fixed Overhead Cost Variance 17. Calculate the fxed overhead volume variance First, select the formula, then enter the amounts and compute the fixed overhead allocated to production. (Abbreviations used: SQ standard quantity, AOactual output.) Overhead allocated to production Now, select the formula, then enter the amounts and compute the fixed overhead volume variance and identify whether the variance is favorable (F) or unfavorable (U) Fixed Overhead Volume Variance 18. Calculate the total fixed overhead variance. The total fixed overhead variance is Choose from any list or enter any number in the input fields and then continue to the next question. Tipton Company manufactures shirts. During June, Tipton made 1,200 shirts but had budgeted production at 1,400 shirts. Tipton gathered the following additional data: (Click on the icon to view the data.) Read the requirements. 13. Calculate the variable overhead cost variance. Data Table Select the formula, then enter the amounts and compute the cost variance for variable overhead (VOH) and identify whether the Actual CostStandard CostActual QuantityVOH Cost Vari Variable overhead cost standard Direct labor efficiency standard Actual amount of direct labor hours Actual cost of variable overhead Fixed overhead cost standard Budgeted fixed overhead Actual cost of fixed overhead S0.50 per DLHr 2.00 DLHr per shirt 2,520 DLHr $1,512 S0.25 per DLHr $700 S750 6.25 6.00 1680 420 U 14. Calculate the variable overhead efficiency variance Select the formula, then enter the amounts and compute the efficiency variance for variable overhead and identify whether the Actual QuantityStandard Quantity x VOH Efficiency Variance 15. Calculate the total variable overhcad variance The total variable overhead variance is 16. Calculate the fixed overhead cost variance Select the formula, then enter the amounts and compute the cost variance for fixed overhead (FOH) and identify whether the variance is favorable (F) or unfavorable (U). Print Done Fixed Overhead Cost Varlance 17. Calculate the fixed overhead volume variance First. select the formula, then enter the amounts and com Dute the fixed overhead allocated to Droduction. (Abbreviations used: SQ = standard auantit. AO = actual output.)
