Factory Overhead Volume VarianceDvorak Company produced 1,900 units of product that required 3 standard hours per unit. The standard fixed overhead cost per unit is $2.50per hour at 6,000 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable varianceas a negative number using a minus sign and an unfavorable variance as a positive number.$

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

Answered: Factory Overhead Volume Variance Dvorak…

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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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.
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
Total Fixed Overhead Variance Bulger Company provided the following data: Standard fixed overhead rate (SFOR) $8 per direct labor hour Actual fixed overhead costs $985,300 Standard hours allowed per unit 6 hours Actual production 20,000 units Required: 1. Calculate the standard hours allowed for actual production. fill in the blank 1 hours 2. Calculate the applied fixed overhead. $fill in the blank 2 3. Calculate the total fixed overhead variance. Enter the amount as a positive number and select Favorable or Unfavorable. $fill in the blank 3
Direct Labor Variances Bellingham Company produces a product that requires 6 standard direct labor hours per unit at a standard hourly rate of $19.00 per hour. If 3,000 units used 18,500 hours at an hourly rate of $18.62 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct labor rate variance $fill in the blank 1 b. Direct labor time variance $fill in the blank 3 c. Direct labor cost variance $fill in the blank 5
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)
xam Direct Labor Variances Dvorak Company produces a product that requires 3 standard hours per unit at a standard hourly rate of $17 per hour. If 1,000 units required 2,800 hours at an hourly rate of $16.50 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) 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. a. Direct labor rate variance b. Direct labor time variance C. Total direct labor cost variance
Direct Labor Variances Encinas Company produces a product that requires 3 standard hours per unit at a standard hourly rate of $21 per hour. If 2,300 units required 6,600 hours at an hourly rate of $20.50 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) 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. a. Direct labor rate variance Favorable ✓ b. Direct labor time variance Favorable c. Total direct labor cost variance Favorable ✓
Direct Labor Variances Bellingham Company produces a product that requires 9 standard direct labor hours per unit at a standard hourly rate of $21.00 per hour. If 4,300 units used 37,200 hours at an hourly rate of $21.63 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct labor rate variance b. Direct labor time variance C. Direct labor cost variance II
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