During the period, Shalom Company produced 8,000 units and applied overhead based on the direct labor hours.The standard cost card showed the following information:Standard Direct labor hours per unitActual Direct labor hoursStandard Fixed overhead per DLHStandard Variable overhead per DLHBudgeted variable overheadActual Variable overhead costBudgeted fixed overhead325,000P1.90P2.20P48,000P51,000P55,000P57,500Actual Fixed overhead costDetermine the variances based on the information above. Indicate as favorable or unfavorable.Format should be: 8,000 F or 8,000 UFNo need to indicate if the amount is positive or negative.Amounts must be in whole numbers. Example: 88,000 or (88,000)Unit costs be in whole numbers. Example: 88Format of percentages: 88%Words must be in capital letters.What is the fixed overhead budget variance?

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Description: During the period, Shalom Company produced 8,000 units and applied overhead based on the direct labor hours.The standard cost card showed the following information:Standard Direct labor hours per unitActual Direct labor hoursStandard Fixed overhead

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During the period, Shalom Company produced 8,000 units and applied overhead based on the direct labor hours. The standard cost card showed the following information: Standard Direct labor hours per unit Actual Direct labor hours Standard Fixed overhead per DLH Standard Variable overhead per DLH Budgeted variable overhead 3 25,000 P1.90 P2.20 P48,000 P51,000 P55,000 P57,500 Actual Variable overhead cost Budgeted fixed overhead Actual Fixed overhead cost Determine the variances based on the information above. Indicate as favorable or unfavorable. Format should be: 8,000 F or 8,000 UF No need to indicate if the amount is positive or negative. Amounts must be in whole numbers. Example: 88,000 or (88,000) Unit costs be in whole numbers. Example: 88 Format of percentages: 88% Words must be in capital letters. What is the fixed overhead budget variance?

During the period, Shalom Company produced 8,000 units and applied overhead based on the direct labor hours. The standard cost card showed the following information: Standard Direct labor hours per unit Actual Direct labor hours Standard Fixed overhead per DLH Standard Variable overhead per DLH Budgeted variable overhead 3 25,000 P1.90 P2.20 P48,000 P51,000 P55,000 P57,500 Actual Variable overhead cost Budgeted fixed overhead Actual Fixed overhead cost Determine the variances based on the information above. Indicate as favorable or unfavorable. Format should be: 8,000 F or 8,000 UF No need to indicate if the amount is positive or negative. Amounts must be in whole numbers. Example: 88,000 or (88,000) Unit costs be in whole numbers. Example: 88 Format of percentages: 88% Words must be in capital letters. What is the fixed overhead budget variance?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter4: Activity-based Costing

Section: Chapter Questions

Problem 30P: Primera Company produces two products and uses a predetermined overhead rate to apply overhead....

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