Required information Use the following information for the Quick Study below. (Algo) [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 $ 28,625 $ 31,000 $ 2.10 per unit $ 11,300 11,300 units 10,000 units QS 21-15 (Algo) Total overhead and controllable variances LO P4 4
Required information Use the following information for the Quick Study below. (Algo) [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 $ 28,625 $ 31,000 $ 2.10 per unit $ 11,300 11,300 units 10,000 units QS 21-15 (Algo) Total overhead and controllable variances LO P4 4
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
Transcribed Image Text:es
Enter your answers in the tabs below.
Required A Required B
Compute the total overhead variance and identify it as favorable or unfavorable.
Total Overhead Variance
Actual total overhead
Standard overhead applied
Total overhead variance
< Required A
Required A Required B
Text
Enter your answers in the tabs below.
Compute the controllable variance and identify it as favorable or unfavorable.
Controllable variance
Required B >
Actual total overhead
Budgeted (flexible) overhead
Budgeted variable overhead
Budgeted fixed overhead (unchanged)
Budgeted (flexible) overhead
Controllable variance
< Required A
Required B
![!
Required information
Use the following information for the Quick Study below. (Algo)
[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.
$ 28,625
$ 31,000
Enter your answers in the tabs below.
$ 2.10 per unit
$ 11,300
11,300 units
10,000 units
QS 21-15 (Algo) Total overhead and controllable variances LO P4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4fcd0d27-b7d3-473e-9005-6977db3b469b%2F395aeda9-29a5-490b-906f-f774e872fdfc%2Fl720jve_processed.jpeg&w=3840&q=75)
Transcribed Image Text:!
Required information
Use the following information for the Quick Study below. (Algo)
[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.
$ 28,625
$ 31,000
Enter your answers in the tabs below.
$ 2.10 per unit
$ 11,300
11,300 units
10,000 units
QS 21-15 (Algo) Total overhead and controllable variances LO P4
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