Required information [The following information applies to the questions displayed below.] AirPro Corporation reports the following for this period. Actual total overhead Standard overhead applied Budgeted (flexible) variable overhead rate Budgeted fixed overhead Predicted activity level Actual activity level Enter your answers in the tabs below. Actual total overhead Budgeted (flexible) overhead Budgeted variable overhead Budgeted fixed overhead (unchanged) Budgeted (flexible) overhead Controllable variance $28,525 $ 33,480 < Required A $ 2.10 per unit $ 12,700 Required A Required B Compute the controllable variance and identify it as favorable or unfavorable. Controllable variance 12,700 units 10,800 units
Required information [The following information applies to the questions displayed below.] AirPro Corporation reports the following for this period. Actual total overhead Standard overhead applied Budgeted (flexible) variable overhead rate Budgeted fixed overhead Predicted activity level Actual activity level Enter your answers in the tabs below. Actual total overhead Budgeted (flexible) overhead Budgeted variable overhead Budgeted fixed overhead (unchanged) Budgeted (flexible) overhead Controllable variance $28,525 $ 33,480 < Required A $ 2.10 per unit $ 12,700 Required A Required B Compute the controllable variance and identify it as favorable or unfavorable. Controllable variance 12,700 units 10,800 units
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Concept explainers
Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
Topic Video
Question
Please Correct answer With Explanation and Do not Give solution In image format
![5
Required information.
[The following information applies to the questions displayed below]
AirPro Corporation reports the following for this period.
Actual total overhead
Standard overhead applied
Budgeted (flexible) variable overhead rate
Budgeted fixed overhead.
Predicted activity level
Actual activity level
Enter your answers in the tabs below.
$ 28,525
$33,480
Actual total overhead
Standard overhead applied
Total overhead variance
$ 2.10 per unit
$12,700
12,700 units
10,800 units
Required A Required B
Compute the total overhead variance and identify it as favorable or unfavorable.
Total Overhead Variance
Required >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb7f0a31e-149e-4057-91bc-41e0ddd41717%2Ff27ffb54-8189-4311-aeec-5f2c69db4a3a%2F9die9wm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:5
Required information.
[The following information applies to the questions displayed below]
AirPro Corporation reports the following for this period.
Actual total overhead
Standard overhead applied
Budgeted (flexible) variable overhead rate
Budgeted fixed overhead.
Predicted activity level
Actual activity level
Enter your answers in the tabs below.
$ 28,525
$33,480
Actual total overhead
Standard overhead applied
Total overhead variance
$ 2.10 per unit
$12,700
12,700 units
10,800 units
Required A Required B
Compute the total overhead variance and identify it as favorable or unfavorable.
Total Overhead Variance
Required >
![Required information
(The following information applies to the questions displayed below.]
AirPro Corporation reports the following for this period.
Actual total overhead
Standard overhead applied
Budgeted (flexible) variable overhead rate
Budgeted fixed overhead
Predicted activity level
Actual activity level
Enter your answers in the tabs below.
Actual total overhead
Budgeted (flexible) overhead
Budgeted variable overhead
Budgeted fixed overhead (unchanged)
Budgeted (flexible) overhead
Controllable variance
$ 28,525
$ 33,480
< Required A
$ 2.10 per unit
$ 12,700
Required A Required B
Compute the controllable variance and identify it as favorable or unfavorable.
Controllable variance
12,700 units
10,800 units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb7f0a31e-149e-4057-91bc-41e0ddd41717%2Ff27ffb54-8189-4311-aeec-5f2c69db4a3a%2Fd4y07ka_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
(The following information applies to the questions displayed below.]
AirPro Corporation reports the following for this period.
Actual total overhead
Standard overhead applied
Budgeted (flexible) variable overhead rate
Budgeted fixed overhead
Predicted activity level
Actual activity level
Enter your answers in the tabs below.
Actual total overhead
Budgeted (flexible) overhead
Budgeted variable overhead
Budgeted fixed overhead (unchanged)
Budgeted (flexible) overhead
Controllable variance
$ 28,525
$ 33,480
< Required A
$ 2.10 per unit
$ 12,700
Required A Required B
Compute the controllable variance and identify it as favorable or unfavorable.
Controllable variance
12,700 units
10,800 units
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