Castleton Corporation manufactured 31,500 units during March. The following fixed overhead data relates to March: Production Machine-hours Fixed overhead costs for March $8,300 favorable B. $3,575 unfavorable C. $3,575 favorable Actual D. $8,300 unfavorable 31,500 units 4,660 hours $102,800 Static Budget What is the fixed overhead spending variance? Question content area bottom Part 1 A. 30,000 units 4,500 hours $94,500

Castleton Corporation manufactured 31,500 units during March. The following fixed overhead data relates to March: Production Machine-hours Fixed overhead costs for March $8,300 favorable B. $3,575 unfavorable C. $3,575 favorable Actual D. $8,300 unfavorable 31,500 units 4,660 hours $102,800 Static Budget What is the fixed overhead spending variance? Question content area bottom Part 1 A. 30,000 units 4,500 hours $94,500

Name: Castleton Corporation manufactured31,500units during March. The follo
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Description: Castleton Corporation manufactured31,500units during March. The following fixed overhead datarelates to March:ProductionMachine-hoursFixed overhead costs for March$8,300favorableB.$3,575unfavorableC.$3,575favorableActualD.$8,300unfavorable31,500 uni

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Pittman Framing's cost formula for its supplies cost is $1,120 per month plus $12 per frame. For the month of November, the company planned for activity of 610 frames, but the actual level of activity was 602 frames. The actual supplies cost for the month was $8,600. The spending variance for supplies cost in November would be closest to: Multiple Choice O $160 U $256 F $256 U $160 F
View Policies Current Attempt in Progress The predetermined overhead rate for Crane Company is $4, comprised of a variable overhead rate of $2 and a fixed rate of $2. The amount of budgeted overhead costs at normal capacity of $120000 was divided by normal capacity of 30000 direct labor hours, to arrive at the predetermined overhead rate of $4. Actual overhead for June was $8600 variable and $5900 fixed, and 2000 units were produced. The direct labor standard is 2 hours per unit produced. The total overhead variance is $2000 F. $1500 F. $1500 U. $2000 U.
A report for a company's Assembly Department for the month of March follows: Assembly Department Cost Report For the Month Ended March 31 Machine-hours Variable costs: Supplies Scrap Indirect materials Fixed costs: Actual Master Budget Results 15,000 Variances 20,000 $ 10,800 39,200 111,800 $ 11,400 42,000 133,500 $ 600 F 2,800 F 21,700 F 83,500 108,000 78,000 108,000 5,500 U e $ 353,300 $ 372,900 $ 19,600 F Wages and salaries Equipment depreciation Total cost Required: Prepare a flexible budget performance report for the month of March.
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Pittman Framing's cost formula for its supplies cost is $1,040 per month plus $14 per frame. For the month of November, the company planned for activity of 614 frames, but the actual level of activity was 604 frames. The actual supplies cost for the month was $9,200. The spending variance for supplies cost in November would be closest to: Multiple Choice О $296 F о О $296 U $436 F $436 U