A company's flexible budget for 54,000 units of production showed variable overhead costs of $97,200 and fixed overhead costs of $70,000. The company incurred overhead costs of $151,540 while operating at a volume of 46,000 units. The total controllable cost variance is:

A company's flexible budget for 54,000 units of production showed variable overhead costs of $97,200 and fixed overhead costs of $70,000. The company incurred overhead costs of $151,540 while operating at a volume of 46,000 units. The total controllable cost variance is:

Name: A company's flexible budget for 54,000units of production showed vari
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: A company's flexible budget for 54,000units of production showed variableoverhead costs of $97,200 and fixedoverhead costs of $70,000. The companyincurred overhead costs of $151,540 whileoperating at a volume of 46,000 units. Thetotal controllable c

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The variable overhead expenditure and efficiency variances are: PQR has prepared the following standard cost information for one unit of product X: Direct materials 2 kg @ $13/kg Direct labour 3.3 hours @ $12/hour Variable overheads 3.3 hours @ $2.50 Actual results for the period were recorded as follows: 12,000 units Production Materials - 26,400 kg Labour - 40,200 hours Variable overheads $336,600 $506,520 $107,250 * $26.00 $39.60 $8.25
Shaw Company produced 730 units. Its overhead alocation base is DLH and its standard amount per allocation base is 8 DLH per unit its standard overhead rate is $10 per DLH. The flexible overhead budget at an activity level of 730 units shows $28,500 in varlable overhead costs and $32.500 in fixed overhead costs. Compute the volume variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance) Volume Varianee Butpeted eble overhead atuns produced Standard overhead appled Volume variance
Alvarado Company produced 6,200 units of product that required 2.5 standard direct labor hours per unit. The standard variable overhead cost per unit is $3.00 per direct labor hour. The actual variable factory overhead was $47,800. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Tucker Company produced 7,400 units of product that required 3.40 standard hours per unit. The standard variable overhead cost per unit is $5.00 per hour. The actual variable factory overhead was $123,280. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number.
4.-Bellingham Company produced 2,300 units of product that required 3.5 standard direct labor hours per unit. The standard fixed overhead cost per unit is $2.65 per direct labor hour at 7,650 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
The following data relate to factory overhead cost for the production of 5,000 computers: Variable factory overhead $141,900 Fixed factory overhead 46,000 5,000 hrs. at $35 175,000 If productive capacity of 100% was 8,000 hours and the total factory overhead cost budgeted at the level of 5,000 standard hours was $192,250, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and totalfactory overhead cost variance. The fixed factory overhead rate was $5.75 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Variance Amount Favorable/Unfavorable Actual: Standard: Controllable variance. Volume variance Total factory overhead cost variance $ $ $
The following data relate to factory overhead cost for the production of 4,000 computers: Actual: Variable factory overhead $139,700 Fixed factory overhead 36,000 Standard: 4,000 hrs. at $42 168,000 If productive capacity of 100% was 6,000 hours and the total factory overhead cost budgeted at the level of 4,000 standard hours was $180,000, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $6 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Variance Amount Favorable/Unfavorable Controllable variance $ Volume variance $ Total factory overhead cost variance $
Titus Company produced 6,800 units of a product that required 3 standard hours per unit. The standard fixed overhead cost per unit is $1.70 per hour at 20,600 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative number. Round your answer to the nearest dollar.
Overhead costs are applied using direct labour hours. The following were budgeted for the year: Planned production (units) 50,000 Direct labour hours 200,000 Variable overhead 1,000,000 Fixed overhead 600,000 The following were the actual results: Actual production (units) 48,000 Direct labour hours 195,000 Variable overhead 950,000 Fixed overhead 610,000 Calculate the variable overhead efficiency variance. Select one: a. $15,000 U b. $25,000 U c. $25,000 F d. $15,000 F
The following data relate to factory overhead cost for the production of 7,000 computers: Actual: Variable factory overhead $108,600 Fixed factory overhead 44,000 Standard: 7,000 hrs. at $20 140,000 If productive capacity of 100% was 11,000 hours and the total factory overhead cost budgeted at the level of 7,000 standard hours was $156,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $4 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Variance Amount Favorable/Unfavorable Variable factory overhead controllable variance $ Fixed factory overhead volume variance $ Total factory overhead cost variance $
Opal Manufacturing Company established the following standard price and cost information: Sales price $70 per unit 52 per unit Variable manufacturing cost Fixed manufacturing cost $ 120,000 total $50,000 total Fixed selling and administrative cost Opal expected to produce and sell 29,000 units. Actual production and sales amounted to 32,500 units. Required: a. and b. Determine the sales volume variances, including variances for number of units, sales revenue, variable manufacturing cost, fixed manufacturing cost, and fixed selling and administrative cost. Classify the variances as favorable (F) or unfavorable (U). Note: Indicate the effect of each variance by selecting "Favorable", "Unfavorable", and "None" for no effect (i.e., zero variance). Units Static Budget Flexible Budget Volume Variance Favorable or Unfavorable
Japan Company produces lamps that require 3 standard hours per unit at a standard hourly rate of $20.10 per hour. Production of 4,600 units required 13,390 hours at an hourly rate of $20.50 per hour. What is the direct labor (a) rate variance, (b) time variance, and (c) total cost variance? Enter favorable variances as negative numbers. a. Direct labor rate variance b. Direct labor time variance c. Total direct labor cost variance