Compute the variable overhead spending variance Based on the information below, compute the variable overhead spendingvariance.BudgetActualProduction500 units (3 machine hours 550 units, 1,600 machineallowed per unit)Variable overhead $6 per machine hourratehours used$4 per machine hour

Explanation of Variable Overhead Spending Variance:Variable overhead spending variance measures the…

Answered: Based on the information below, compute…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 2EB: Boarders estimates overhead will utilize 160,000 machine hours and cost $80,000. It takes 4 machine...

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Can you please answer this general account query.??
Solution for this
Given the following information, determine the product cost of one unit: Direct Materials = $60: Direct labor = $10; Apply Overhead based on $2 per Direct Labor hour; Direct labor hours is 4 hours per unit. O $70 per unit O $80 per unit O $78 per unit $85 per unit
please answer correctly and explain in detail with computation, explanation, formula of numbers for both batrs step by step for better understanding thanks answer in text
General Accounting
The quarterly production and overhead costs for the year are shown below. Quarter Production (units) Overheads 14,900 $66,000 2 5,200 $69,000 3 5,400 $70,000 4 4,400 $60,000 What is the variable overhead cost per unit according to the high-low method?
Crystal Pools estimates overhead will utilize 200,000 machine hours and cost $800,000. It takes 3 machine hours per unit, direct material cost of $13 per unit, and direct labor of $22 per unit. What is the cost of each unit produced? Cost per unit $fill in the blank 1
Direct materials = $10 per unitDirect labor = $5 per unitVariable manufacturing overhead = $2 per unitFixed manufacturing overhead = $1,000Units produced is 1,000 units What is the cost per unit using the absorption method? What is the cost per unit using the variable method?
A company absorbs overheads on machine hours. In a period, actual machine hours were 22,435, actual overheads were $496,500 and there was over absorption of $64,375. What was the budgeted overhead absorption rate per machine hour (to the nearest $)? A 19 B 22 C 25 D 27
Q1. Prepare a Flexible budget for overheads on the basis of the following data. Ascertain the overhead rates at 70% and 80% capacity. Variable Overheads (60% capacity) Indirect Material = Rs. 6,000 Labour Rs. 18,000 Semi-variable overheads: Electricity (40% fixed) = Rs. 40,000 Repairs (80% fixed) = Rs. 2,400 Fixed Overheads: Depreciation Rs. 16,500 = Insurance = Rs. 4,500 Salaries= Rs. 20,000 Estimated Labour Hours 15,000 hrs T A ہے
Q1. Prepare a Flexible budget for overheads on the basis of the following data. Ascertain the overhead rates at 70% and 80% capacity. Variable Overheads (60% capacity) Indirect Material = Rs. 6,000 Labour Rs. 18,000 Semi-variable overheads: Electricity (40% fixed) = Rs. 40,000 Repairs (80% fixed) = Rs. 2,400 Fixed Overheads: Depreciation Rs. 16,500 = Insurance = Rs. 4,500 Salaries= Rs. 20,000 Estimated Labour Hours 15,000 hrs = E
The following data have been provided by Your Corporation: Standard MH per motor 8.6 MH Standard $ for power $1.40 per MH Budgeted MH (total) 62,000 MH Actual MH (total) 62,140 MH Actual power cost $84,989 What is the variable overhead spending variance for power?

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Based on the information below, compute the variable overhead spending variance. Budget Actual Production 500 units (3 machine hours 550 units, 1,600 machine allowed per unit) Variable overhead $6 per machine hour rate hours used $4 per machine hour