Homework Help is Here – Start Your Trial Now!
Business
Accounting
Exercise 8-19 (Algo) Overhead controllable and volume variances; overhead varlance 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 Bex 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 * 3.75 DLH per unit Compute the total overhead varlance. Compute the overhead controllable variance. Compute the overhead volume variance.

Exercise 8-19 (Algo) Overhead controllable and volume variances; overhead varlance 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 Bex 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 * 3.75 DLH per unit Compute the total overhead varlance. Compute the overhead controllable variance. Compute the overhead volume variance.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Topic Video
Question

Please do not give solution in image format thanku 

Exercise 8-19 (Algo) Overhead controllable and volume variances; overhead varlance 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 Bax 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 x 3.75 DLH per unit. Compute the total overhead varlance. Compute the overhead controllable varlance. Compute the overhead volume varlance. Complete this question by entering your answers in the tabs below. 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 8-19 (Algo) Overhead controllable and volume variances; overhead varlance 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 Bax 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 x 3.75 DLH per unit. Compute the total overhead varlance. Compute the overhead controllable varlance. Compute the overhead volume varlance. Complete this question by entering your answers in the tabs below. 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 >
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Performance measurements
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
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