Bonnie Company applies overhead based on machine hours. The variable overheadstandard is 15 hours at $10 per hour. During March, Bonnie spent $208, 300 for variableoverhead, and 13,000 machine hours were used to produce 500 units. What is thevariable overhead efficiency variance? Multiple Choice $55,000 unfavorable $133,300unfavorable $78, 300 unfavorable $55,000 favorable

Step 1:Computation of the standard hours allowed:Standard hours allowed = Actual units…

Answered: Bonnie Company applies overhead based…

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

Please do not give solution in image format thanku
SouthHaven Corporation applies overhead based on direct labor hours. According to standard cost card, the variable overhead standard is 11.5 hours at $20.5 per hour. During July, SouthHaven produced 4,600 units using 52,380 labor hours and spent $1,091,700 for variable overhead. What is the variable overhead efficiency variance? Multiple Choice $17,910 unfavorable $979,490 favorable $17,910 favorable $10,660 favorable
Total Fixed Overhead Variance Bradshaw Company provided the following data: Standard fixed overhead rate (SFOR) $5 per direct labor hour Actual fixed overhead costs $301,680 Standard hours allowed per unit 4 hours Actual production 15,000 units Required: 1. Calculate the standard hours allowed for actual production. fill in the blank 1 hours 2. Calculate the applied fixed overhead. $fill in the blank 2 3. Calculate the total fixed overhead variance. Enter the amount as a positive number. $fill in the blank 3
You Did It! (YDI) has the following standards for direct labor: o Estimated quantity 8,900 direct labor hours o Estimated unit variable $48 per hour o Estimated fixed costs $18,000 YDI actually used 8,300 direct labor hours during production at an average hourly wage rate of $49.20, and actually incurred total fixed costs of $17,600. Using this information, answer the following questions. Please circle to identify the variance as favorable or unfavorable. What is the direct labor volume variance? Favorable or unfavorable?
answer in text form please (without image)
Get the Answer for all Questions
Subject:- Account Jupiter Co. applies overhead based on direct labor hours. The variable overhead standard is 5 hours at $13 per hour. During February, Jupiter Co. spent $128,400 for variable overhead. 9,200 labor hours were used to produce 2,300 units. What is the variable overhead rate variance? 4
Direct Materials and Direct Labor Variance Analysis Shasta Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 60 employees. Each employee presently provides 32 hours of labor per week. Information about a production week is as follows: Standard wage per hour $13.80 Standard labor time per unit 20 min. Standard number of Ibs. of brass 1.3 lbs. Standard price per Ib. of brass $9.75 Actual price per Ib. of brass $10.00 Actual Ibs. of brass used during the week 8,034 lbs. Number of units produced during the week 6,000 Actual wage per hour $14.21 Actual hours for the week (60 employees x 32 hours) 1,920 Required: a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places. Direct materials standard cost per unit 13 X Direct labor standard cost per unit 4.6 V Total standard cost per unit 17.3 X b. Determine the direct materials price variance, direct…
Using the information provided will this produce a favorable or unfavorable Variable Overhead Efficiency Variance? Percent of capacity Direct labor hours Units of output Variable overhead Fixed overhead Total overhead The standard for hours is 2,000. 100% 2,500 1,000 $7,000 $ 6,000 $13,000
A company manufactures one product, the JB3. Budgeted fixed overhead per unit is 1 and budgeted output is 4,000 units. Actual output is 4, 800 units and the actual overheads are 44,800. What is the fixed overhead expenditure variance? a) 3, 200 Adverse b) 4, 800 Favourable c) 4, 800 Adverse d) 3, 200 Favourable
Help please
The standard costs and actual costs for factory overhead for the manufacture of 2,800 units of actual production are as follows: Standard Costs Fixed overhead (based on 10,000 hours) 3 hours per unit @ $0.78 per hour Variable overhead 3 hours per unit @ $1.91 per hour Actual Costs Total variable cost, $17,800 Total fixed cost, $8,100 The variable factory overhead controllable variance is a.$1,756 favorable b.$1,756 unfavorable c.$1,405 favorable d.$0

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS