Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 3 DLH per unit. For March,the company planned production of 10,000 units (80% of its production capacity of 12,500 units) and prepared the following budget.The company actually operated at 90% capacity (11,250 units) in March and incurred actual total overhead costs of $103,425.Overhead BudgetProduction in units.Budgeted variable overheadBudgeted fixed overhead1. Compute the standard overhead rate. Hint. Standard allocation base at 80% capacity is 30,000 DLH, computed as 10,000 units x3.00 DLH per unit.2. Compute the total overhead variance.3. Compute the overhead controllable variance.4. Compute the overhead volume variance.Complete this question by entering your answers in the tabs below.Actual total overheadBudgeted flexible overheadRequired 1 Required 2 Required 3 Required 4Compute the overhead controllable variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or novariance. Do not round intermediate calculations.)TotalControllable variance80% OperatingLevels10,000$ 42,000$ 57,000Overhead BudgetProduction in unitsBudgeted variable overheadBudgeted fixed overheadControllable VarianceRequired 1< Required 2Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 3 DLH per unit. For March,the company planned production 10,000 units (80% of its production capacity of 12,500 units) and prepared the following budget.The company actually operated at 90% capacity (11,250 units) in March and incurred actual total overhead costs of $103,425.Volume variance80% OperatingLevels10,000$ 42,000$ 57,0001. Compute the standard overhead rate. Hint. Standard allocation base at 80% capacity is 30,000 DLH, computed as 10,000 units x3.00 DLH per unit.2. Compute the total overhead variance.3. Compute the overhead controllable variance.4. Compute the overhead volume variance.0Complete this question by entering your answers in the tabs below.CRequired 4 >Required 2 Required 3 Required 4Compute the overhead volume variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or novariance. Do not round intermediate calculations.)Volume Variance< Required 3Required 4 > Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 3 DLH per unit. For March,the company planned production of 10,000 units (80% of its production capacity of 12,500 units) and prepared the following budget.The company actually operated at 90% capacity (11,250 units) in March and incurred actual total overhead costs of $103,425.Overhead BudgetProduction in units.Budgeted variable overheadBudgeted fixed overhead1. Compute the standard overhead rate. Hint. Standard allocation base at 80% capacity is 30,000 DLH, computed as 10,000 units x3.00 DLH per unit.2. Compute the total overhead variance.3. Compute the overhead controllable variance.4. Compute the overhead volume variance.Required 1 Required 2Complete this question by entering your answers in the tabs below.80% OperatingLevels10,000$ 42,000$ 57,000Compute the standard overhead rate. Hint: Standard allocation base at 80% capacity is 30,000 DLH, computed as 10,000units x 3 DLH per unit. (Round your answer to 2 decimal places.)Standard overhead rateOverhead BudgetProduction in unitsBudgeted variable overheadBudgeted fixed overhead.Required 3 Required 4Required 1Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 3 DLH per unit. For March,the company planned production of 10,000 units (80% of its production capacity of 12,500 units) and prepared the following budget.The company actually operated at 90% capacity (11,250 units) in March and incurred actual total overhead costs of $103,425.< Required 1Overhead variance80% OperatingLevels10,000$ 42,000$ 57,0001. Compute the standard overhead rate. Hint. Standard allocation base at 80% capacity is 30,000 DLH, computed as 10,000 units x3.00 DLH per unit.2. Compute the total overhead variance.3. Compute the overhead controllable variance.4. Compute the overhead volume variance.Complete this question by entering your answers in the tabs below.Required 2 Required 3 Required 4Required 2 >Compute the total overhead variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.Do not round intermediate calculations.)Overhead variance< Required 1Required 3 >

Name: Blaze Corporation allocates overhead on the basis of DLH and the stan
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Description: Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 3 DLH per unit. For March,the company planned production of 10,000 units (80% of its production capacity of 12,500 units) and prepared the follow

Standard overhead rate refers to the rate which is used by the company to allocated its budgeted…

Business

Accounting

1. Compute the standard overhead rate. Hint. Standard allocation base at 80% capacity is 30,000 DLH, computed as 10,000 units 3.00 DLH per unit. 2. Compute the total overhead variance. 3. Compute the overhead controllable variance.

1. Compute the standard overhead rate. Hint. Standard allocation base at 80% capacity is 30,000 DLH, computed as 10,000 units 3.00 DLH per unit. 2. Compute the total overhead variance. 3. Compute the overhead controllable variance.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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