Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Variable Overhead Variances, Service Company Rostand Inc. operates a delivery computerized communications system to coordinate its deliveries. Rostand has gathered the following actual data Deliveries

image text in transcribed
Variable Overhead Variances, Service Company Rostand Inc. operates a delivery computerized communications system to coordinate its deliveries. Rostand has gathered the following actual data Deliveries made: Direct labor: Actual variable overhead: $159,700 Rostand employs a standard costing system. During the year, a variable overhead rate of $5.00 per hour was used. The labor standard requires 0.80 hour per delivery. Required: service for over 70 restaurants. The corporation has a fleet of vehicles and has invested in a sophisticated, on last year's delivery operations: 39,700 33,000 delivery hours$9.00 1. Compute the standard hours allowed for actual deliveries made last year. Round your answer to the nearest hour. hours 2. Compute the variable overhead spending and efficiency variances. Note: Enter variance amounts as positive values. Then select Favorable or Unfavorable from the dropdown list to designate the type of variance. Spending variance: Efficiency variance: (Pr Previous Next

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Why is the modifier volatile used?

Answered: 1 week ago