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PA11. LO 8.4 Reddy Corporation has collected the following data for the month of June: Actual total factory overhead incurred Budgeted fixed factory overhead costs Activity level, in direct labor hours Actual direct labor hours Standard hours for output this period Total factory overhead rate $61,250 $42,000 15,000 18,000 17,000 $ 4.35 What is the variable overhead efficiency variance? PA12. LO 8.4 ABC Inc. spent a total of $48,000 on factory overhead. Of this, $28,000 was fixed overhead. ABC Inc. had budgeted $27,000 for fixed overhead. Actual machine hours were 5,000. Standard hours for units made were 4,800. The standard variable overhead rate was $4.10. What is the variable overhead rate variance? 5,000 x $4.10 $20,500

PA11. LO 8.4 Reddy Corporation has collected the following data for the month of June: Actual total factory overhead incurred Budgeted fixed factory overhead costs Activity level, in direct labor hours Actual direct labor hours Standard hours for output this period Total factory overhead rate $61,250 $42,000 15,000 18,000 17,000 $ 4.35 What is the variable overhead efficiency variance? PA12. LO 8.4 ABC Inc. spent a total of $48,000 on factory overhead. Of this, $28,000 was fixed overhead. ABC Inc. had budgeted $27,000 for fixed overhead. Actual machine hours were 5,000. Standard hours for units made were 4,800. The standard variable overhead rate was $4.10. What is the variable overhead rate variance? 5,000 x $4.10 $20,500

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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PA11. LO 8.4 Reddy Corporation has collected the following data for the month of June: Actual total factory overhead incurred Budgeted fixed factory overhead costs Activity level, in direct labor hours Actual direct labor hours Standard hours for output this period Total factory overhead rate $61,250 $42,000 15,000 18,000 17,000 $ 4.35 What is the variable overhead efficiency variance? PA12. LO 8.4 ABC Inc. spent a total of $48,000 on factory overhead. Of this, $28,000 was fixed overhead. ABC Inc. had budgeted $27,000 for fixed overhead. Actual machine hours were 5,000. Standard hours for units made were 4,800. The standard variable overhead rate was $4.10. What is the variable overhead rate variance? 5,000 x $4.10 $20,500
Transcribed Image Text:PA11. LO 8.4 Reddy Corporation has collected the following data for the month of June: Actual total factory overhead incurred Budgeted fixed factory overhead costs Activity level, in direct labor hours Actual direct labor hours Standard hours for output this period Total factory overhead rate $61,250 $42,000 15,000 18,000 17,000 $ 4.35 What is the variable overhead efficiency variance? PA12. LO 8.4 ABC Inc. spent a total of $48,000 on factory overhead. Of this, $28,000 was fixed overhead. ABC Inc. had budgeted $27,000 for fixed overhead. Actual machine hours were 5,000. Standard hours for units made were 4,800. The standard variable overhead rate was $4.10. What is the variable overhead rate variance? 5,000 x $4.10 $20,500
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