Pittman Framing's cost formula for its supplies cost is $1,040 per month plus $14 per frame. For the month of November, the company planned for activity of 614 frames, but the actual level of activity was 604 frames. The actual supplies cost for the month was $9,200. The spending variance for supplies cost in November would be closest to: Multiple Choice О $296 F о О $296 U $436 F $436 U
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- Please do not give solution in image format thankuPittman Framing's cost formula for its supplies cost is $1,220 per month plus $11 per frame. For the month of November, the company planned for activity of 620 frames, but the actual level of activity was 612 frames. The actual supplies cost for the month was $7,650. The spending variance for supplies cost in November would be closest to: Multiple Cholce $390 F $390 U $302 U $302 FA company provides delivery services and uses two activity measures for its costs: the miles driven and the number of customer order. For the most recent month, the company reported the following information: Budgeted Fixed cost per month Variable cost per mile Variable cost per order Actual $13,070 $ 26 per mile $ 14 per order $ 25 $ 13 Miles driven Customer orders Budgeted 74 480 Actual 64 miles 460 orders Spending Variance for total costs $ 294 Unfavorable Q: What was the company's budgeted fixed cost per month? ANS: $ Q: What was the company's activity variance for the month? ANS: $ (Click to select) v
- Information pertaining to the Excessive Bakery is shown below: Budgeted production 500,000 cakes Actual production 498,000 cakes Estimated FOH costs $200,000 Actual FOH costs $203,000 What is the fixed overhead spending variance for the period?Your Company’s cost formula for its wages and salaries is $2,500 per month plus $475 per unit sold. For the month of May, the company planned for activity of 115 units, but the actual level of activity was 120 units. The actual wages and salaries for the month was $56,850. What is the spending variance for wages and salaries in May? Group of answer choices $275 F $2,650 U $275 U $2,650 FYour Company’s cost formula for its wages and salaries is $2,500 per month plus $475 per unit sold. For the month of May, the company planned for activity of 120 units, but the actual level of activity was 115 units. The actual wages and salaries for the month was $56,850. What is the spending variance for wages and salaries in May? $2,650 F $ 275 F $ 275 U $2,650 U
- Jackson Framing's cost formula for its supplies cost is $1,250 per month plus $14 per frame. For the month of December, the company planned for activity of 819 frames, but the actual level of activity was 822 frames. The actual supplies cost for the month was $12,580. The spending variance for supplies cost in November would be closest to: O $178 F $136 U O $178 F O $136 UPlease help me with show all calculation thankuTharaldson Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 6.5 ounces 0.2 hours 0.2 hours The company reported the following results concerning this product in June. Originally budgeted output Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost The labor rate variance for June is: Standard Price or Rate $ 2.00 per ounce $23.00 per hour $ 6.00 per hour 2,700 units 2,800 units 19,380 ounces 21,400 ounces 500 hours $ 40,660 $ 12,050 $ 3,100 Standard Cost Per Unit $ 13.00 $ 4.60 $ 1.20 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.
- Alpine Productions uses a standard cost system for recording transactions. Alpine reported the following data for the year ended December 31:Sales revenues: $800,000Cost of goods sold (standard costing): $382,000Selling & administrative expenses: $105,000Variances: Sales revenue variance $4100 F Direct materials cost variance 30 U Direct materials efficiency variance 300 F Direct labor cost variance 65 U Direct labor efficiency variance 10 F Variable overhead cost variance 300 U Variable overhead efficiency variance 80 F Fixed overhead cost variance 430 U Fixed overhead volume variance 100 F What is the net operating income on a standard cost income statement? Group of answer choices $312,665 $421,765 $316,765 $313,000Robinwood Fixtures manufactures two products, K4 and X7. The company prepares its master budget on the basis of standard costs. The following data are for September: Standards Direct materials Direct labor, Variable overhead (per direct labor-hour) Fixed overhead (per month) Expected activity (direct labor-hours) Actual results Direct material (purchased and used) Direct labor Variable overhead Fixed overhead Units produced (actual) Direct materials Direct labor Variable overhead Fixed overhead Price Variance F F KA -0.75 pounds at $8.00 per pound 1.25 hours at $26.00 per hour $ 21.20 K4 $ 416,400 17,350 Required: a. Prepare a variance analysis for each variable cost for each product. b. Prepare a fixed overhead variance analysis for each product. Note: For all requirements, Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. 10,300 pounds at $7.40 per…Landreth Fencing considers 3,000 direct labor hours or 50 fences to be its normal monthly capacity. Its standard variable overhead rate is $12 per direct labor hour. During the current month, $29,800 of variable overhead costs were incurred in working 2,950 direct labor hours to complete 45 fences. What is the total variable overhead flexible budget variance? Select one: O a. $2,600 F O b. $6,800 F O c. $5,000 U d. $8,600 U e. None of the above O O