Bellingham Company produced 15,000 units of product that required 4 standard direct labor hours per unit. The standard fixed overhead cost per unit is $1.15 per direct labor hour at 58,000 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.

Q: Rizwan Manufacturing Corporation has a standard cost system in which it applies manufacturing…

A: Variable overhead are those overhead which is not fixed at the time of manufacturing of the good.…

Q: The standard direct labor cost per unit for a company was $27 (- $18 per hour x 15 hours per unit)…

A: Direct labor cost is referred to as that cost which is related to the labor force which is used in…

Q: What is the variable overhead efficiency variance for March? What is the variable overhead spending…

A: Variable overhead efficiency variance (VOHEV) VOHEV = (SVH - AVH) * SVR Where, SVH = standard hours…

Q: Japan Company produces lamps that require 2 standard hours per unit at a standard hourly rate of…

A: Variance analysis is an important technique which is used by cost accountants to compare the…

Q: Fletcher Company collected the following data regarding production of one of its products. Compute…

A: Direct labor efficiency variance :Direct labor efficiency variance is the difference between the…

Q: Vinton Inc. provides the following details for the year: Type of variance Amount Variable…

A: Formula: sales-volume variance for operating income = Operating income volume + fixed overhead…

Q: Aretha Company provided the following information: Standard variable overhead rate (SVOR) per…

A: Formula used: 1)Variable overhead spending variance: Variable overhead spending variance=AH(AR-SR)…

Q: a. Analyze the factory overhead variance of Golden Manufacturers Inc., based on the given data.

A: Factory Overhead means all indirect costs related to factory or production of goods. Factory…

Q: se the following information of Alfred Industries. Standard manufacturing…

A: 1) Calculate overhead spending variance   Units actually produced in the current month 18,000 units…

Q: The following information describes a company’s direct labor usage in a recent period. Compute the…

A:

Q: Acme Inc. has the following information available: Actual price paid for material $0.90 Standard…

A: ln cost accounting variance is calculated in order to understand the deviations from the actual, it…

Q: Direct Labor Variances The following data relate to labor cost for production of 33,000 cellular…

A: Labor cost variance is calculated as the excess of total standard cost over actual cost.

Q: Sheridan Zone Corporation experienced the following variances: materials price $390 U, materials…

A: Unfavorable results arises when actual costs results are greater than budgeted costs. Favorable…

Q: Venneman Company produced 14,000 units of product that required 4 standard hours per unit. The…

A: The fixed overhead volume variance is the difference between the amount of fixed overhead actually…

Q: Alvarado Company produced 2,200 units of product that required 3.5 standard direct labor hours per…

A: The objective of this question is to calculate the fixed factory overhead volume variance for…

Q: The following information relates to manufacturing overhead for Chapman Company: Standards: Total…

A: Absorbed overheads = Actual production x Standard hours allowed per unit x Fixed overhead rate…

Q: of product but actually produced only 7,400 units. Actual fixed overhead costs were $286,100.…

A: The standard cost variance is the difference between a standard cost and an actual cost.

Q: Direct labor standard (4.00 hrs. @ $7.00/hr.) $ 28.00 per unit   Actual hours worked   12,650…

A: Direct labor cost variance is the difference between actual labor cost and standard labor cost due…

Q: Julia Company uses a standard cost system in which manufacturing overhead is applied to units of…

A: (1) Calculation of Predetermined variable and fixed manufacturing overhead rates for the…

Q: Standard and actual costs for direct labor for the manufacture of 1,000 units of product were as…

A: Introduction: Variance analysis is the quantitative examination of the difference between actual and…

Q: Starts Inc. produces a product that require 3.50 standard hours per unit at a standard hourly rate…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Compute for the variances of the problem using the information given. Answer the numbers only up to…

A: Here, the standard cost has been used for the calculations. However, for labor rate variance…

Q: A company reports the following information for its direct labor.   Actual hours of direct labor…

A: The direct labor cost variance is a combination of two variances - the direct labor rate variance…

Q: Dvorak Company produced 3,500 units of product that required 1.5 standard hours per unit. The…

A: Standard hours required = Actual units produced x Stnadrd hours  per unit = 3,500 units x 1.5 hour…

Q: A company reports the following information for its direct labor. Actual hours of direct labor used.…

A:

Q: Japan Company produces lamps that require 2 standard hours per unit at an hourly rate of $11.70 per…

A: Variances occur when the actual inputs and outputs differ from the budgeted inputs and outputs.

Q: Japan Company produces lamps that require 2 standard hours per unit at a standard hourly rate of…

A: Answer to Question (a):- Direct Labor Rate Variance = (Actual Price - Standard Price) * Actual Hours…

Q: The following data relate to labor cost for production of 5,000 cellular telephones: Actual: 3,360…

A: Direct labor variance is the difference between standard direct labor cost for actual production and…

Q: he following data relate to labor cost for production of 5,100 cellular telephones: ctual: 3,430…

A: Standard Costing Is The Costing System That Helps In Comparing The Actual Performance With The…

Q: A manufacturing company reports the following for one of its products. Compute the direct materials…

A: Direct material price variance = (Standard price - Actual price) * Actual units Direct material…

Q: Branch Corporation uses a standard cost system to account for the costs of its one product Variable…

A: The variance is the difference between the standard and actual cost of production data. The variance…

Q: Alvarado Company produced 8,000 units of product that required 7.5 standard direct labor hours per…

A: Variable overhead is the amount of overhead which is incurred by the entity with the each unit of…

Q: Antuan Company set the following standard costs per unit for its product. Direct materials (5.0…

A: Concept:- Direct Material Price Variance refers to the difference between the actual cost of a unit…

Q: Bellingham Company produced 4,200 units of product that required 2.5 standard direct labor hours per…

A: Fixed factory overhead: The overheads amount remains fixed. It won't varies according to the input…

Q: Bellingham Company produced 2,300 units of product that required 3.5 standard direct labor hours per…

A: Standard hours for actual units produced=Number of units produced×Standard hours per unit=2,300…

Q: During the period, Shalom Company produced 8,000 units and applied overhead based on the direct…

A: Variance analysis is a process of compression between budgeted and actual data. There are various…

Q: Tippi Company produces lamps that require 2.25 standard hours per unit at an hourly rate of $15.00…

A: a. Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours workd =…

Q: Required: a. Compute the direct materials price and efficiency variances. b. Compute the direct…

A: Variance analysis is a costing technique used to identify and analyze the differences between actual…