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 Enter your answers in the tabs below. Required A Required B QS 8-15 (Algo) Total overhead and controllable variances LO P4 Controllable variance $ 28,475 $ 32,550 Actual total overhead Budgeted (flexible) overhead Budgeted variable overhead Budgeted fixed overhead (unchanged) Budgeted (flexible) overhead Controllable variance $ 2.10 per unit < Required A $ 11,700 Compute the controllable variance and identify it as favorable or unfavorable. 11,700 units 10,500 units 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 Enter your answers in the tabs below. Required A Required B QS 8-15 (Algo) Total overhead and controllable variances LO P4 Controllable variance $ 28,475 $ 32,550 Actual total overhead Budgeted (flexible) overhead Budgeted variable overhead Budgeted fixed overhead (unchanged) Budgeted (flexible) overhead Controllable variance $ 2.10 per unit < Required A $ 11,700 Compute the controllable variance and identify it as favorable or unfavorable. 11,700 units 10,500 units Required B >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
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.
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![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
Enter your answers in the tabs below.
Required A Required B
QS 8-15 (Algo) Total overhead and controllable variances LO P4
Controllable variance
$ 28,475
$ 32,550
Actual total overhead
Budgeted (flexible) overhead
Budgeted variable overhead
Budgeted fixed overhead (unchanged)
Budgeted (flexible) overhead
Controllable variance
$ 2.10 per unit
< Required A
$ 11,700
Compute the controllable variance and identify it as favorable or unfavorable.
11,700 units
10,500 units
Required B >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb0a2b3c0-f69b-4bac-bc67-35acaf063f53%2F46a2ee74-6add-44e2-8dac-45299a935a8e%2Foxeohhn_processed.png&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
Enter your answers in the tabs below.
Required A Required B
QS 8-15 (Algo) Total overhead and controllable variances LO P4
Controllable variance
$ 28,475
$ 32,550
Actual total overhead
Budgeted (flexible) overhead
Budgeted variable overhead
Budgeted fixed overhead (unchanged)
Budgeted (flexible) overhead
Controllable variance
$ 2.10 per unit
< Required A
$ 11,700
Compute the controllable variance and identify it as favorable or unfavorable.
11,700 units
10,500 units
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
Enter your answers in the tabs below.
Required A
Required B
QS 8-15 (Algo) Total overhead and controllable variances LO P4
Total Overhead Variance
$ 28,475
$ 32,550
Actual total overhead
Standard overhead applied
Total overhead variance
$2.10 per unit.
< Required A
$ 11,700
Compute the total overhead variance and identify it as favorable or unfavorable.
11,700 units
10,500 units
Required B
>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb0a2b3c0-f69b-4bac-bc67-35acaf063f53%2F46a2ee74-6add-44e2-8dac-45299a935a8e%2F9mp10ll_processed.png&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
Enter your answers in the tabs below.
Required A
Required B
QS 8-15 (Algo) Total overhead and controllable variances LO P4
Total Overhead Variance
$ 28,475
$ 32,550
Actual total overhead
Standard overhead applied
Total overhead variance
$2.10 per unit.
< Required A
$ 11,700
Compute the total overhead variance and identify it as favorable or unfavorable.
11,700 units
10,500 units
Required B
>
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