QUESTION 1 If the actual fixed costs total $166500 with the actual number of units produced equal to 120, and the budgeted fixed costs were $161500 and the budgeted units to be produced are 150, and the hours per unit are 4 and total hours are 600. What is the fixed costs rate variance, production volume variance the Sexible budget variance and the overlunder allocated fixed manufacturing overhead variance? Indicate whether the variances are favourable or unfavourable
QUESTION 1 If the actual fixed costs total $166500 with the actual number of units produced equal to 120, and the budgeted fixed costs were $161500 and the budgeted units to be produced are 150, and the hours per unit are 4 and total hours are 600. What is the fixed costs rate variance, production volume variance the Sexible budget variance and the overlunder allocated fixed manufacturing overhead variance? Indicate whether the variances are favourable or unfavourable
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 14MC: When is the labor rate variance favorable? A. when the actual quantity used is greater than the...
Related questions
Question
NEED FULLY CORRECT HANDWRITTEN SOLUTION FOR THIS........ ASAP
PLEASE BE FAST I'LL RATE POSITIVE FOR SURE.
![QUESTION 1
If the actual fixed costs total $166500 with the actual number of units produced equal to 120, and the budgeted fixed costs were $161500 and the budgeted
units to be produced are 150, and the hours per unit are 4 and total hours are 600. What is the fixed costs rate variance, production volume variance the
flexible budget variance and the over/under allocated fixed manufacturing overhead variance? Indicate whether the variances are favourable or
unfavourable.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9f002e20-91b5-4d40-895b-26fb42c362fe%2F82666d4f-660f-4562-9f04-f7e7aa28f252%2F9zzhwwo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:QUESTION 1
If the actual fixed costs total $166500 with the actual number of units produced equal to 120, and the budgeted fixed costs were $161500 and the budgeted
units to be produced are 150, and the hours per unit are 4 and total hours are 600. What is the fixed costs rate variance, production volume variance the
flexible budget variance and the over/under allocated fixed manufacturing overhead variance? Indicate whether the variances are favourable or
unfavourable.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College