Overhead information for Wilts Company is presented. • Actual fixed overhead, $11,550 • Actual variable overhead, $6,040 Budgeted fixed overhead, $11,725 . Variable overhead rate, $0.90 . Fixed overhead rate, $1.75 • Normal capacity hours, 6,700 Standard hours allowed, 6.600 Determine the overhead controllable and the overhead volume variances. Indicate whether they are favorable or unfavorable. Overhead controllable variance Overhead volume variance

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter10: Standard Costing And Variance Analysis
Section: Chapter Questions
Problem 27BEA: Rath Company showed the following information for the year: Required: 1. Calculate the standard...
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Overhead information for Wilts Company is presented.
•
Actual fixed overhead, $11,550
•
Actual variable overhead, $6,040
Budgeted fixed overhead, $11,725
.
Variable overhead rate, $0.90
.
Fixed overhead rate, $1.75
•
Normal capacity hours, 6,700
Standard hours allowed, 6.600
Determine the overhead controllable and the overhead volume variances. Indicate whether they are favorable or unfavorable.
Overhead controllable variance
Overhead volume variance
Transcribed Image Text:Overhead information for Wilts Company is presented. • Actual fixed overhead, $11,550 • Actual variable overhead, $6,040 Budgeted fixed overhead, $11,725 . Variable overhead rate, $0.90 . Fixed overhead rate, $1.75 • Normal capacity hours, 6,700 Standard hours allowed, 6.600 Determine the overhead controllable and the overhead volume variances. Indicate whether they are favorable or unfavorable. Overhead controllable variance Overhead volume variance
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