16. Selected operating information on three different companies for a recent year is given below: Company A Company B Company C 10,000 9,000 90,000 20,000 27,000 45,000 11,000 9,000 88,000 19,000 28,000 45,000 Budgeted production at denominator machine hours Budgeted machine hours (denominator level) Actual production Actual machine hours Which company will have an unfavorable Fixed Overhead Volume Variance? a. Company A b. Company B c. Company C

16. Selected operating information on three different companies for a recent year is given below: Company A Company B Company C 10,000 9,000 90,000 20,000 27,000 45,000 11,000 9,000 88,000 19,000 28,000 45,000 Budgeted production at denominator machine hours Budgeted machine hours (denominator level) Actual production Actual machine hours Which company will have an unfavorable Fixed Overhead Volume Variance? a. Company A b. Company B c. Company C

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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Data on Gantry Company's direct labor costs are given below: Standard direct labor-hours Actual direct labor-hours Direct labor efficiency variance-favorable Direct labor rate variance-favorable Total direct labor payroll What was Gantry's actual direct labor rate? re to search Multiple Choice $7.80 $3.40 II
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Data on Gantry Company's direct labor costs are given below: Standard direct labor-hours Actual direct labor-hours Direct labor efficiency variance-favorable Direct labor rate variance-favorable Total direct labor payroll What was Gantry's actual direct labor rate? 35,000 34,000 $ 4,100 $ 6,800 $ 132,600 Multiple Choice $4.10 $3.70 $3.90 $6.80
A company uses a standard costing system and applies overhead to production based on direct labor-hours. It provided the following information for its most recent year. $300,000 $276,000 60,000 56,000 56,500 Budgeted fixed overhead cost for the year Actual fixed overhead cost for the year Budgeted direct labor-hours (denominator hours) Actual direct labor-hours Standard direct labor-hours al1lowed for actual output What is the fixed overhead volume variance? Multiple Cholce $20,000 F $17,500 U $20,000 U MacBook Air 吕口豐
119. Fixed overhead efficiency variance is nearest toA. P710 U B. P730 UC. P740 UD. P790 U
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The equation for standard labor rate confuses me. Can you help?
* 00 CH R E. Exercise 16-35 (Algo) Profit Variance Analysis (LO 16-4) Paynesville Corporation manufactures and sells a preservative used in food and drug manufacturing. The company carries no inventories. The master budget calls for the company to manufacture and sell 116,000 liters at a budgeted price of $195 per liter this year. The standard direct cost sheet for one liter of the preservative follows. Direct materials Direct labor (2 pounds @ $12) (0.5 hours @ $40) $24 Variable overhead is applied based on direct labor hours. The variable overhead rate is $100 per direct-labor hour. The fixed overhead rate (at the master budget level of activity) is $50 per unit. All non-manufacturing costs are fixed and are budgeted at $2 million for the coming year. At the end of the year, the costs analyst reported that the sales activity variance for the year was $606,000 unfavorable. The following is the actual income statement (in thousands of dollars) for the year. Sales revenue Less variable…
Please help with 1 & 2 thank you!!