Exercise 21-24 (Static) Controllable and volume variances LO P4Shaw Incorporated began this period with a budget for 1,000 units of predicted production. The budgeted overhead at this predictedactivity follows. At period-end, total actual overhead was $92,000, and actual units produced were 900. The company appliesoverhead with a standard of 3 DLH per unit and a standard overhead rate of $30 per DLH.Variable overheadFixed overhead$ se, eee40,000Total overhead$ 90, ee0a. Compute controllable variance.b. Compute volume variance.Complete this question by entering your answers in the tabs below.Required ARequired BCompute volume variance. (Indicate the effect of the varlance by selecting favorable, unfavorable, or no varlance.)Volume VarianceStandard overhead appliedBudgeted (fexible) overhead at units produced85,000Volume varianceUnfavorable< Required ARequired B>

Controllable variance = Actual total overhead - Standard overhead Volume variance = Budgeted…

Shaw Incorporated began this period with a budget for 1,000 units of predicted production. The budgeted overhead at this predicted activity follows. At period-end, total actual overhead was $92,000, and actual units produced were 900. The company applies overhead with a standard of 3 DLH per unit and a standard overhead rate of $30 per DLH. S 50,eee 40,000 $ 90, eee Variable overhead Fixed overhead Total overhead a. Compute controllable variance. b. Compute volume variance. Complete this question by entering your answers in the tabs below. Required A Required B Compute volume variance. (Indicate the effect of the varlance by selecting favorable, unfavorable, or no varlance.) Volume Variance Standard overhead applied Budgeted (fexible) overhead at units produced 85,000 Volume variance Unfavorable

Shaw Incorporated began this period with a budget for 1,000 units of predicted production. The budgeted overhead at this predicted activity follows. At period-end, total actual overhead was $92,000, and actual units produced were 900. The company applies overhead with a standard of 3 DLH per unit and a standard overhead rate of $30 per DLH. S 50,eee 40,000 $ 90, eee Variable overhead Fixed overhead Total overhead a. Compute controllable variance. b. Compute volume variance. Complete this question by entering your answers in the tabs below. Required A Required B Compute volume variance. (Indicate the effect of the varlance by selecting favorable, unfavorable, or no varlance.) Volume Variance Standard overhead applied Budgeted (fexible) overhead at units produced 85,000 Volume variance Unfavorable

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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answer must be in table format or i will give down vote
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Answer question D