The following data is given for the Bahia Company: Budgeted production Actual production Materials: Standard price per pound Standard pounds per completed unit Actual pounds purchased and used in production Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs. Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs Overhead is applied on standard labor hours. The variable factory overhead controllable variance is Ca. $88,695.91 unfavorable b. $88,695.91 favorable Oc. $17,090.00 unfavorable d. $17,090.00 favorable 1,026 units 939 units $1.859 11 10,019 $20,539 $14.33 per hour 4.5 4,835.85 $73,747 $1,046,000 $28.00 per standard labor hour $135,404

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following data is given for the Bahia Company:
Budgeted production
Actual production
Materials:
Standard price per pound
Standard pounds per completed unit
Actual pounds purchased and used in production
Actual price paid for materials
Labor:
Standard hourly labor rate
Standard hours allowed per completed unit
Actual labor hours worked
Actual total labor costs.
Overhead:
Actual and budgeted fixed overhead
Standard variable overhead rate
Actual variable overhead costs
Overhead is applied on standard labor hours.
The variable factory overhead controllable variance is
a. $88,695.91 unfavorable.
b. $88,695.91 favorable
Oc. $17,090.00 unfavorable
d. $17,090.00 favorable
1,026 units
939 units
$1.859
11
10,019
$20,539
$14.33 per hour
4.5
4,835.85
$73,747
$1,046,000
$28.00 per standard labor hour
$135,404
Transcribed Image Text:The following data is given for the Bahia Company: Budgeted production Actual production Materials: Standard price per pound Standard pounds per completed unit Actual pounds purchased and used in production Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs. Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs Overhead is applied on standard labor hours. The variable factory overhead controllable variance is a. $88,695.91 unfavorable. b. $88,695.91 favorable Oc. $17,090.00 unfavorable d. $17,090.00 favorable 1,026 units 939 units $1.859 11 10,019 $20,539 $14.33 per hour 4.5 4,835.85 $73,747 $1,046,000 $28.00 per standard labor hour $135,404
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