Actual total overhead Standard overhead applied Budgeted (flexible) variable overhead rate Budgeted fixed overhead Predicted activity level Actual activity level Flexible Budget- Variable Amount per Unit $ 28,675 $ 32,550 Total Fixed Cost $ 2.10 per unit 21-15 (Algo) Total overhead and controllable variances LO P4 pute the (a total overhead variance and (b) controllable variance and identify each variance as favorable or unfavorable. (Round iable amount per unit" to 2 decimal places.) $ 12,600 12,600 units 10,500 units -Flexible Budget at- 12,600 units 10,500 units
Actual total overhead Standard overhead applied Budgeted (flexible) variable overhead rate Budgeted fixed overhead Predicted activity level Actual activity level Flexible Budget- Variable Amount per Unit $ 28,675 $ 32,550 Total Fixed Cost $ 2.10 per unit 21-15 (Algo) Total overhead and controllable variances LO P4 pute the (a total overhead variance and (b) controllable variance and identify each variance as favorable or unfavorable. (Round iable amount per unit" to 2 decimal places.) $ 12,600 12,600 units 10,500 units -Flexible Budget at- 12,600 units 10,500 units
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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![Actual total overhead
Standard overhead applied i
Budgeted (flexible) variable overhead rate
Budgeted fixed overhead i
Predicted activity level
Actual activity level
Variable cost
and costs
Total Dexible budget
-Flexible Budget
Variable
Amount per
Unit
Controllable Overhead Variance
Actual total overhead
Total budgoled flexible overhead
Controllatin overhead variance
QS 21-15 (Algo) Total overhead and controllable variances LO P4
Compute the (4) total overhead variance and (b) controllable variance and identify each variance as favorable or unfavorable. (Round
"Variable amount per unit" to 2 decimal places.)
Total Fixed
Cost
$ 28,675
$ 32,550
Favorable
$ 2.10 per unit
$ 12,600
12,600 units
10,500 units
Flexible Budget at
12,600 units
10,500 units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb76579ad-faff-4bf7-92eb-956a324b8de5%2Ff66ea46a-5ee1-47bb-8c60-7e2bf4addcde%2Fpcm2zdr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Actual total overhead
Standard overhead applied i
Budgeted (flexible) variable overhead rate
Budgeted fixed overhead i
Predicted activity level
Actual activity level
Variable cost
and costs
Total Dexible budget
-Flexible Budget
Variable
Amount per
Unit
Controllable Overhead Variance
Actual total overhead
Total budgoled flexible overhead
Controllatin overhead variance
QS 21-15 (Algo) Total overhead and controllable variances LO P4
Compute the (4) total overhead variance and (b) controllable variance and identify each variance as favorable or unfavorable. (Round
"Variable amount per unit" to 2 decimal places.)
Total Fixed
Cost
$ 28,675
$ 32,550
Favorable
$ 2.10 per unit
$ 12,600
12,600 units
10,500 units
Flexible Budget at
12,600 units
10,500 units
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