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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< 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
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Question 1: The following information relating to production and mixed costs are extracted from the book of a manufacturing fırm: Months Production (Units) Mixed costs January 6,800 $31,580 February 6,400 $30,420 March 7,200 $32,740 April 8,000 $35,060 May 6,600 $31,000 June 7,000 $32,160 Requirements: 1. Using high and low method, estimate the variable cost per unit and the fixed costs elements from the above information 2. Express the variable and fixed costs in the form Y=a+bx
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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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