A company uses a standard costing system with direct labor hours (DLHS) as the allocation base for fixed manufacturing overhead FMOH) and a standard of 3 DLHS per unit. For the most recent period, the company reported the following data: FPOHR Actual DLHS Actual FMOH FMOH Budget Varlance FMOH Volume Variance $2.5 per DLH 10,500 hours $36,000 $3,000 Unfavorable $1.500 Favorable Q. What was the actual number of units produced for the period? ANS. units

A company uses a standard costing system with direct labor hours (DLHS) as the allocation base for fixed manufacturing overhead FMOH) and a standard of 3 DLHS per unit. For the most recent period, the company reported the following data: FPOHR Actual DLHS Actual FMOH FMOH Budget Varlance FMOH Volume Variance $2.5 per DLH 10,500 hours $36,000 $3,000 Unfavorable $1.500 Favorable Q. What was the actual number of units produced for the period? ANS. units

Name: A company uses a standard costing system with direct labor hours (DLH
Uploaded: 2024-03-20T06:33:06.000Z
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Description: A company uses a standard costing system with direct labor hours (DLHS) as the allocation base for fixed manufacturing overhead(FMOH) and a standard of 3 DLHS per unit. For the most recent period, the company reported the following data:FPOHRActual

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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A company has the following information for the month of October. The company applies overhead (OH) costs using standard machine hours as the allocation base. Actual Results Actual variable OH costs Actual fixed OH costs Actual machine hours Actual output Budget (for 1,000 units) Variable OH Fixed OH Budgeted machine hours 1-1 AP $2,500 $4,700 V $1,280 MHS 1,100 units $2,000 $4,400 1,000 MHS Q. What was the company's FMOH volume variance for October? Answer. (Click to select) (Click to select) $440 Favorable $640 Favorable None of the answers are correct $640 Unfavorable $440 Unfavorable
Required information Skip to question [The following information applies to the questions displayed below.] Eagle Company uses a standard cost system that has provided the following data: Units of output manufactured: 85 Direct labor: Standard hours allowed: 2 hours per unit of product Standard wage rate: $17.00 per hour Actual direct labor: 190 hours, total cost of $3,610 The direct labor efficiency variance for the period was: Multiple Choice $380 favorable. $380 unfavorable. $340 favorable. $340 unfavorable.
< Deluxe, Inc. uses a standard cost system and provides the following information. (Click the icon to view the information.) Deluxe allocates manufacturing overhead to production based on standard direct labor hours. Deluxe reported the following actual results for 2024: actual number of units produced, 1,000, actual variable overhead, $5,000, actual fixed overhead, $3,200; actual direct labor hours, 1,400. Read the requirements Data table Static budget variable overhead Static budget fixed overhead Static budget direct labor hours Static budget number of units Standard direct labor hours Print The fixed overhead cost variance is The fixed overhead volume variance is $2,100 $2,800 1,400 hours 700 units 2 hours per unit Done Requirements 1. Compute the variable overhead cost and efficiency variances and fixed overhead cost and volume variances. 2. Explain why the variances are favorable or unfavorable irect labor hour was sed Print Done because the total fixed overhead cost was because…
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COST ACCOUNTING PLS SHOW SOLUTION
1. The amount of fixed factory costs applied to product during the first 6 months under absorption costing is? 2. Reported net income (or loss) for the first 6 months under absorption costing is? 3. Reported net income (or loss) for the first 6 months under variable costing is?
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Question Content Area The standard costs and actual costs for factory overhead for the manufacture of 2,900 units of actual production are as follows: Standard Costs Line Item Description Value Fixed overhead (based on 10,000 hours) 3 hours per unit at $0.70 per hour Variable overhead 3 hours per unit at $1.93 per hour Actual Costs Total variable cost, $18,000 Total fixed cost, $8,200 The fixed factory overhead volume variance is a. $0 b. $728 unfavorable c. $910 unfavorable d. $728 favorable
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5.A manufacturing company uses a standard costing system for its product. The company uses a standard of 4 Direct Labor Hours per unit. Selected results for the most recent period are provided below: Budgeted Production 3,800 units Actual Production 2,300 units Actual Direct Labor Cost $20170 Labor Rate Variance 3,620Favorable Labor Spending Variance $3,750 Favorable G. Based on this information, actual Direct Labor Hours were: Answer. (Click to select)