OOOO$37,840 unfavorable.$14,000 unfavorable.$15,040 favorable.$17,280 favorable.$37,840 favorable. Bluecap Company uses a standard cost system and flexible budgets for control purposes. The following budgeted information pertains to2021Denominator volume-number of unitsDenominator volume-percent of capacityDenominator volume-standard direct labor hours (DLHS)Budgeted variable factory overhead cost at denominator volumeTotal standard factory overhead rate per DLH8,00080%Multiple Choice24,000$ 103,200$ 15.10During 2021, Bluecap worked 28,000 DLHs and manufactured 9,600 units. The actual factory overhead cost for the year was $14,000greater than the flexible budget amount for the units produced, of which $6,000 was due to fixed factory overhead. In preparing a budgetfor 2022 Bluecap decided to raise the level of operation to 90% of capacity (a level it considers to be "practical capacity), to manufacture9,000 units at a budgeted total of 27,000 DLHS.The total overhead variance in 2021 for Bluecap Company was:

Name: OOOO$37,840 unfavorable.$14,000 unfavorable.$15,040 favorable.$17,280
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Description: OOOO$37,840 unfavorable.$14,000 unfavorable.$15,040 favorable.$17,280 favorable.$37,840 favorable. Bluecap Company uses a standard cost system and flexible budgets for control purposes. The following budgeted information pertains to2021Denominator v

Variable overhead spending variance= [Actual Hours * (Standard Rate – Actual Rate)].

Answered: The total overhead variance in 2021 for…

Business

Accounting

The total overhead variance in 2021 for Bluecap Company was: Multiple Choice

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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