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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 Mar the company planned production of 8,000 units (80% of its production capacity of 10,000 units) and prepared the following budge 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 i Budgeted fixed overhead 80% Operating Levels 8,000 $ 33,000 $ 48,000 3. Compute the overhead controllable variance. 4. Compute the overhead volume variance. Complete this question by entering your answers in the tabs below. Required 3 Compute the overhead volume variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Do not round intermediate calculations.) Volume Variance Volume variance Required 4

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 Mar the company planned production of 8,000 units (80% of its production capacity of 10,000 units) and prepared the following budge 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 i Budgeted fixed overhead 80% Operating Levels 8,000 $ 33,000 $ 48,000 3. Compute the overhead controllable variance. 4. Compute the overhead volume variance. Complete this question by entering your answers in the tabs below. Required 3 Compute the overhead volume variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Do not round intermediate calculations.) Volume Variance Volume variance Required 4

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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Exercise 23-19 (Algo) Overhead controllable and volume variances; overhead variance report Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 4 DLH per unit. For Marc 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 3. Compute the overhead controllable variance. 4. Compute the overhead volume variance. Complete this question by entering your answers in the tabs below. Volume variance Required 3 Required 4 Compute the overhead volume variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Do not round intermediate calculations.) Volume Variance < Required 3 Required 4
Transcribed Image Text:Exercise 23-19 (Algo) Overhead controllable and volume variances; overhead variance report Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 4 DLH per unit. For Marc 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 3. Compute the overhead controllable variance. 4. Compute the overhead volume variance. Complete this question by entering your answers in the tabs below. Volume variance Required 3 Required 4 Compute the overhead volume variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Do not round intermediate calculations.) Volume Variance < Required 3 Required 4
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 i 80% Operating Levels 3. Compute the overhead controllable variance. 4. Compute the overhead volume variance. 8,000 $ 33,000 $ 48,000 Complete this question by entering your answers in the tabs below. Actual total overhead Budgeted flexible overhead Total Controllable variance Compute the overhead controllable variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Do not round intermediate calculations.) Required 3 Required 4 Controllable Variance < Required 2 Required 4 >
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 i 80% Operating Levels 3. Compute the overhead controllable variance. 4. Compute the overhead volume variance. 8,000 $ 33,000 $ 48,000 Complete this question by entering your answers in the tabs below. Actual total overhead Budgeted flexible overhead Total Controllable variance Compute the overhead controllable variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Do not round intermediate calculations.) Required 3 Required 4 Controllable Variance < Required 2 Required 4 >
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