Shaw Incorporated began this period with a budget for 1,070 units of predicted production. The budgeted overhead at this predicted activity follows. At period-end, total actual overhead was $99,700, and actual units produced were 970. The company applies overhead with a standard of 3 DLH per unit and a standard overhead rate of $30 per DLH. $ 53,500 43,500 Variable overhead Fixed overhead Total overhead $ 97,000 a. Compute controllable variance. b. Compute volume variance. Complete this question by entering your answers in the tabs below. Reguired A Required B Compute controllable variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Controllable Variance Actual total overhead $ 99,700 Budgeted (flexible) overhead at units produced Controllable variance Unfavorable

Shaw Incorporated began this period with a budget for 1,070 units of predicted production. The budgeted overhead at this predicted activity follows. At period-end, total actual overhead was $99,700, and actual units produced were 970. The company applies overhead with a standard of 3 DLH per unit and a standard overhead rate of $30 per DLH. $ 53,500 43,500 Variable overhead Fixed overhead Total overhead $ 97,000 a. Compute controllable variance. b. Compute volume variance. Complete this question by entering your answers in the tabs below. Reguired A Required B Compute controllable variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Controllable Variance Actual total overhead $ 99,700 Budgeted (flexible) overhead at units produced Controllable variance Unfavorable

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Description: I need the amount for the Budgeted (flexible) overhead at units produced. *posted this before and the previous expert who answered this question got it wrong, please help. Shaw Incorporated began this period with a budget for 1,070 units of predicted

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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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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Question

I need the amount for the Budgeted (flexible) overhead at units produced.

*posted this before and the previous expert who answered this question got it wrong, please help.

Shaw Incorporated began this period with a budget for 1,070 units of predicted production. The budgeted overhead at this predicted
activity follows. At period-end, total actual overhead was $99,700, and actual units produced were 970. The company applies
overhead with a standard of 3 DLH per unit and a standard overhead rate of $30 per DLH.
$ 53,500
43,500
$ 97,000
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 controllable variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.)
Controllable Variance
Actual total overhead
$
99,700
Budgeted (flexible) overhead at units produced
Controllable variance
Unfavorable

Definition Definition Indirect costs incurred while producing goods or services. Overhead costs cannot be directly attributed to products or services. Overhead includes indirect material cost, indirect labor cost, rent, utilities expenses, and depreciation. Since these costs directly affect the profitability of a company, managing overhead becomes an important task for management.

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