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: Titus Company produced 6,500 units of a product that required 4.50 standard hours per unit. The…

A:

Q: Standard time allowed to complete one unit is 2 hours. A worker during a week (48 hours) completed…

A: Labour Efficiency Variance = Standard Cost for Standard Time Required for Actual Production -…

Q: mpany produced 5,500 units of product that required 2.50 standard hours per unit. The standard…

A: Overhead Variance:-Overhead variance occurs when there is a difference between the standard…

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A: Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked Labor time…

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: Harsha Ltd. Corporation wants to know about the variance in production cost.it is noted that mostly…

A: Harsha Ltd. Corporation wants to know about the variance in production cost.it is noted that mostly…

Q: Rundle Company established a predetermined fixed overhead cost rate of $28 per unit of product. The…

A: Variance arises when the actual costs  differ from the standard costs. The results are favorable…

Q: Use this information to answer the question that follow. The standard costs and actual costs for…

A: Formulas: Fixed overhead variance = Actual fixed cost - Standard fixed cost

Q: Bellingham Company produced 3,600 units of product that required 8.5 standard direct labor hou…

A: Solution: To calculate the variable factory overheads controllable variance, standard hours for…

Q: Shaw Company produced 730 units, Its overhead allocation base is DLH and its standard amount per…

A: A volume variance can be defined as the difference between the total actual overhead costs and the…

Q: Bellingham Company produces a product that requires 10 standard direct labor hours per unit at a…

A: Direct Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked…

Q: Calculate the fixed factory overhead volume variance and state why it is favorable or unfavorable.…

A: Fixed factory overhead volume variance = Applied Fixed Overhead – Budgeted Fixed Overhead Applied…

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

A: Direct labor variance :— It is the difference between standard direct labor cost for actual…

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

A: Actual cost = actual hours * actual rate  standard cost = standard rate * standard hours  Direct…

Q: The Bronze Company produces Product Y. Direct labor standard input for one output = .30 Direct labor…

A: Step 1: Define Direct Labor Variances:Direct Labor Variances are divided into two, rate variance and…

Q: Adams Company established a predetermined variable overhead cost rate at S10.00 per direct labor…

A: Formula: Variable overhead cost variance = Actual hours x ( standard - actual cost )

Q: Japan Company produces lamps that require 2 standard hours per unit at an hourly rate of $20.40 per…

A: a. Rate variance    (Standard Rate - Actual Rate)*Actual Hour  b. Time variance    (Standard Hour…

Q: The following data are available for Corp: Normal capacity is 50,000 units at 100,000 direct labor…

A: VARIABLE SPENDING VARIANCE Expenditure or Budget or Price Variance is  the variance is due to the…

Q: Tucker Company produced 4,500 units of product that required 2.10 standard hours per unit. The…

A: Variable overheads are those overheads which changes along with change in activity level. Variable…

Q: Tucker Company produced 4,200 units of product that required 2.20 standard hours per unit. The…

A: Standard variable overhead cist = no. Of units x standard variable overhead per unit x hour per unit…

Q: The overhead volume variance of Modern Art, Inc. is $80,600 favorable. It indicates:

A: The overhead volume variance is a measure used in cost accounting to quantify the difference between…

Q: Bellingham Company produces a product that requires 10 standard direct labor hours per unit at a…

A: Direct labor rate variance = (Actual rate - Standard rate) x Actual hours Direct labor time variance…

Q: Encinas Company produces a product that requires 3 standard hours per unit at a standard hourly rate…

A: Direct labour cost variance shows difference between standard cost of labour and actual cost of…

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

A: Labor cost variance :It is the difference between standard cost of labor allowed for actual output…

Q: Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a…

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

Q: er Company produced 6,300 units of product The actual variable factory overhead was $107,550. rmine…

A: Variable Factory Overhead Controllable Variance The distinction between the actual variable overhead…

Q: Bellingham Company produces a product that requires 2 standard hours per unit at a standard hourly…

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

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: Upon your review of Shalom Company's standard cost card. You found the following information:…

A: Note : Material price variance = (Standard price - Actual price) x Quantity purchased When material…

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: 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: Japan Company produces lamps that require 3 standard hours per unit at an hourly rate of $11.30 per…

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

Q: The per-unit standards for direct labor are 1.4 direct labor hours at $13 per hour. If in producing…

A: Variance is considered as the difference between budgeted value and actual results. The management…

Q: OMalley's standard labor cost of producing one unit of Product AB is 1.5 hours at a rate of $12.6…

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

Q: Titus Company produced 4,000 units of a product that required 5.03 standard hours per unit. The…

A: The fixed factory overhead volume variance helps management analyze the efficiency of production…

Q: A company shows a $24,000 unfavorable direct labor rate variance and a $18,000 unfavorable direct…

A: Direct Labor Rate Variance = ( Standard rate - Actual Rate ) x Actual Hours Direct Labor Efficiency…

Q: Bellingham Company produces a product that requires 2 standard direct labor hours per unit at a…

A: Direct Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked…

Q: Alvarado Company produces a product that requires 15 standard pounds per unit. The standard price is…

A: The objective of the question is to calculate the direct materials price variance, quantity…

Q: Shaw Company produced 860 units. Its overhead allocation base is DLH and its standard amount per…

A: Volume variance is the formula used in comparing the actual overheads with the standard set by the…

Q: ippi Company produces lamps that require 2.25 standard hours per unit at a standard hourly rate of…

A: Standard cost means the cost which the company is expecting to be incurred on the basis of estimate…

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…