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Compute the standard overhead rate. Hint Standard allocation base at 80% capacity is 30,000 DLH, computed as 8,000 units x 4 PLH per unit. Compute the total overhead variance.

Compute the standard overhead rate. Hint Standard allocation base at 80% capacity is 30,000 DLH, computed as 8,000 units x 4 PLH per unit. Compute the total overhead variance.

FINANCIAL ACCOUNTING
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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kercise 23-19 (Algo) Overhead controllable and volume variances; overhead variance report LO P4 aze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 4 DLH per unit. For March, e company planned production of 8,000 units (80% of its production capacity of 10,000 units) and prepared the following budget. he company actually operated at 90% capacity (9,000 units) in March and incurred actual total overhead costs of $83,035. Overhead Budget Production in units Budgeted variable overhead. Budgeted fixed overhead 80% Operating Levels 8,000 $ 33,000 $ 48,000 . Compute the standard overhead rate. Hint. Standard allocation base at 80% capacity is 30,000 DLH, computed as 8,000 units * 4 OLH per unit. 2. Compute the total overhead variance. Complete this question by entering your answers in the tabs below. Overhead variance Required 1 Required eeth Compute the total overhead variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Do not round intermediate calculations.) Overhead variance < Required 1 Required 3 >
Transcribed Image Text:kercise 23-19 (Algo) Overhead controllable and volume variances; overhead variance report LO P4 aze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 4 DLH per unit. For March, e company planned production of 8,000 units (80% of its production capacity of 10,000 units) and prepared the following budget. he company actually operated at 90% capacity (9,000 units) in March and incurred actual total overhead costs of $83,035. Overhead Budget Production in units Budgeted variable overhead. Budgeted fixed overhead 80% Operating Levels 8,000 $ 33,000 $ 48,000 . Compute the standard overhead rate. Hint. Standard allocation base at 80% capacity is 30,000 DLH, computed as 8,000 units * 4 OLH per unit. 2. Compute the total overhead variance. Complete this question by entering your answers in the tabs below. Overhead variance Required 1 Required eeth Compute the total overhead variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Do not round intermediate calculations.) Overhead variance < Required 1 Required 3 >
Exercise 23-19 (Algo) Overhead controllable and volume variances; overhead variance report LO P4 Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 4 DLH per unit. For March the company planned production of 8,000 units (80% of its production capacity of 10,000 units) and prepared the following budget. The company actually operated at 90% capacity (9,000 units) in March and incurred actual total overhead costs of $83,035. Overhead Budget Production in units Budgeted variable overhead Budgeted fixed overhead 80% Operating Levels 8,000 $ 33,000 $ 48,000 1. Compute the standard overhead rate. Hint. Standard allocation base at 80% capacity is 30,000 DLH, computed as 8,000 units x 4 DLH per unit. 2. Compute the total overhead variance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the standard overhead rate. Hint: Standard allocation base at 80% capacity is 30,000 DLH, computed as 8,000 units x 4 DLH per unit. (Round your answer to 2 decimal places.) Standard overhead rate Required 1 Required 2 >
Transcribed Image Text:Exercise 23-19 (Algo) Overhead controllable and volume variances; overhead variance report LO P4 Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 4 DLH per unit. For March the company planned production of 8,000 units (80% of its production capacity of 10,000 units) and prepared the following budget. The company actually operated at 90% capacity (9,000 units) in March and incurred actual total overhead costs of $83,035. Overhead Budget Production in units Budgeted variable overhead Budgeted fixed overhead 80% Operating Levels 8,000 $ 33,000 $ 48,000 1. Compute the standard overhead rate. Hint. Standard allocation base at 80% capacity is 30,000 DLH, computed as 8,000 units x 4 DLH per unit. 2. Compute the total overhead variance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the standard overhead rate. Hint: Standard allocation base at 80% capacity is 30,000 DLH, computed as 8,000 units x 4 DLH per unit. (Round your answer to 2 decimal places.) Standard overhead rate Required 1 Required 2 >
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