Factory Overhead Controllable VarianceBellingham Company produced 5,800 units of product that required 2.5 standard hours per unit. The standard variable overhead cost per unitis $6.60 per hour. The actual variable factory overhead was $93,690. Determine the variable factory overhead controllable variance. Enter afavorable variance as a negative number using a minus sign and an unfavorable variance as a positive number

Overhead Variance: The overhead variance is the difference arising between the real overhead…

Answered: Factory Overhead Controllable Variance…

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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Factory Overhead Volume Variance Dvorak Company produced 1,900 units of product that required 3 standard hours per unit. The standard fixed overhead cost per unit is $2.50 per hour at 6,000 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. $
Tucker Company produced 7,400 units of product that required 3.40 standard hours per unit. The standard variable overhead cost per unit is $5.00 per hour. The actual variable factory overhead was $123,280. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number.
Factory Overhead Controllable Variance Bellingham Company produced 3,400 units of product that required 3 standard direct labor hours per unit. The standard variable overhead cost per unit is $3.50 per direct labor hour. The actual variable factory overhead was $34,660. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. X X ?
Factory Overhead Controllable Variance Encinas Company produced 2,300 units of product that required 3 standard hours per unit. The standard variable overhead cost per unit is $1.90 per hour. The actual variable factory overhead was $11,905. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using minus sign and an unfavorable variance as a positive number. Favorable
Factory Overhead Controllable Variance Bellingham Company produced 3,100 units of product that required 7.5 standard direct labor hours per unit. The standard variable overhead cost per unit is $2.80 per direct labor hour. The actual variable factory overhead was $62,370. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
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Factory Overhead Controllable Variance Bellingham Company produced 5,100 units of product that required 8 standard direct labor hours per unit. The standard variable overhead cost per unit is $5.40 per direct labor hour. The actual variable factory overhead was $214,810. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. $fill in the blank 1
Direct Labor Variances The following data relate to labor cost for production of 33,000 cellular telephones: Actual: Standard: 6,330 hrs. at $49.50 6,240 hrs. at $51.00 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. $ SA A Favorable Unfavorable ✓ Favorable b. The employees may have been less-experienced workers who were paid less than more-experienced workers or poorly trained, thereby resulting in a lower labor rate than planned. The lower level of experience or training may have resulted in less ✔ efficient performance. Thus, the actual time required was more ✔ than standard. Rate variance Time variance Total direct labor cost variance
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3.- Factory Overhead Controllable Variance Bellingham Company produced 3,100 units of product that required 3.5 standard direct labor hours per unit. The standard variable overhead cost per unit is $6.60 per direct labor hour. The actual variable factory overhead was $70,180. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. $ Fill in the blank (Favorable/ unfavorable)
Direct Labor Variances The following data relate to labor cost for production of 3,800 cellular telephones: Actual: 2,600 hrs. at $14.20 Standard: 2,560 hrs. at $14.50 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance $fill in the blank 1 Time variance $fill in the blank 3 Total direct labor cost variance $fill in the blank 5 b. The employees may have been less-experienced workers who were paid less than more-experienced workers or poorly trained, thereby resulting in a labor rate than planned. The lower level of experience or training may have resulted in efficient performance. Thus, the actual time required was than standard.

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