The following partial information is contained in the variance analysis received from the Western at Eastlawn apply overhead on the basis of direct labor-hours Flexible budget for variable overhead based on 3,500 direct labor-hours a Actual total overhead incurred Actual direct labor-hours worked Direct labor-hours used to determined the fixed overhead application rate Price variance for variable overhead Price variance for fixed overhead

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Required A Required B
Prepare a fixed overhead analysis.
Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not
select either option,
Price variance
Production volume variance
Fixed overhead total variance
< Required A
57
Transcribed Image Text:Required A Required B Prepare a fixed overhead analysis. Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option, Price variance Production volume variance Fixed overhead total variance < Required A 57
The following partial information is contained in the variance analysis received from the Western Plant of Eastlawn Company. All plants
at Eastlawn apply overhead on the basis of direct labor-hours.
Flexible budget for variable overhead based on 3,500 direct labor-hours.
Actual total overhead incurred
Actual direct labor-hours worked
Direct labor-hours used to determined the fixed overhead application rate
Price variance for variable overhead
Price variance for fixed overhead.
Required:
a. Prepare a variable overhead analysis.
b. Prepare a fixed overhead analysis.
Complete this question by entering your answers in the tabs below.
Required A Required B
$ 98,000
$ 489,300
3,562
3,250
$ 6,450 F
$ 12,514 U
Prepare a fixed overbead analysis.
Note: Indicate the effect of each variance by selecting " for favorable, or "U for unfavorable. If there is no effect, do not
select either option.
Transcribed Image Text:The following partial information is contained in the variance analysis received from the Western Plant of Eastlawn Company. All plants at Eastlawn apply overhead on the basis of direct labor-hours. Flexible budget for variable overhead based on 3,500 direct labor-hours. Actual total overhead incurred Actual direct labor-hours worked Direct labor-hours used to determined the fixed overhead application rate Price variance for variable overhead Price variance for fixed overhead. Required: a. Prepare a variable overhead analysis. b. Prepare a fixed overhead analysis. Complete this question by entering your answers in the tabs below. Required A Required B $ 98,000 $ 489,300 3,562 3,250 $ 6,450 F $ 12,514 U Prepare a fixed overbead analysis. Note: Indicate the effect of each variance by selecting " for favorable, or "U for unfavorable. If there is no effect, do not select either option.
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