The following data is available for August for a corporation: Variable Overhead Standard (3 hours @ $12 per hour) Variable Overhead Efficiency Variance - Unfavorable Actual Finished Units Produced Actual production hours Actual rate Note: No overtime is allowed. What is the variable overhead rate variance? $36 per unit $15,000 10,000 31,250 $12.50

The following data is available for August for a corporation: Variable Overhead Standard (3 hours @ $12 per hour) Variable Overhead Efficiency Variance - Unfavorable Actual Finished Units Produced Actual production hours Actual rate Note: No overtime is allowed. What is the variable overhead rate variance? $36 per unit $15,000 10,000 31,250 $12.50

Name: The following data is available for August for a corporation:Variable
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Description: The following data is available for August for a corporation:Variable Overhead Standard (3 hours @ $12 per hour)Variable Overhead Efficiency Variance - UnfavorableActual Finished Units ProducedActual production hoursActual rateNote: No overtime is a

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 12PA: ABC Inc. spent a total of $48,000 on factory overhead. Of this, $28,000 was fixed overhead. ABC Inc....

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ABC Inc. spent a total of $48,000 on factory overhead. Of this, $28,000 was fixed overhead. ABC Inc. had budgeted $27,000 for fixed overhead. Actual machine hours were 5.000. Standard hours for units made were 4,800. The standard variable overhead rate was $4.10. What is the variable overhead rate variance?
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A company estimates its manufacturing overhead will be $750,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases? Budgeted direct labor hours: 60,000 Budgeted direct labor expense: $1,500,000 Estimated machine hours: 100,000
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All estimated costs are based on labor hours. How much is the factory overhead variance?
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