Q- 10: Zesta Company is using standard costing system to apply overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted standard direct labor-hours (denominator level of activity) Actual direct labor-hours 25,000 25,500 Standard direct labor-hours allowed for the actual output 24,000 Total budgeted fixed overhead cost for the year $200,000 Actual fixed overhead cost for the year $197,000 Required: a) Compute the fixed portion of the predetermined overhead rate for the year. b) Compute the fixed overhead budget and volume variances.

Q- 10: Zesta Company is using standard costing system to apply overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted standard direct labor-hours (denominator level of activity) Actual direct labor-hours 25,000 25,500 Standard direct labor-hours allowed for the actual output 24,000 Total budgeted fixed overhead cost for the year $200,000 Actual fixed overhead cost for the year $197,000 Required: a) Compute the fixed portion of the predetermined overhead rate for the year. b) Compute the fixed overhead budget and volume variances.

Name: Q- 10:Zesta Company is using standard costing system to apply overhea
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Description: Q- 10:Zesta Company is using standard costing system to apply overheadto products based on the standard direct labor-hours allowed forthe actual output of the period.Data concerning the most recent year appear below:Budgeted standard direct labor-ho

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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