ufacturing overhead costs cturing overhead costs ction level in labour hours our hours $12,150 $9,180 9,000 9,400
ufacturing overhead costs cturing overhead costs ction level in labour hours our hours $12,150 $9,180 9,000 9,400
Chapter1: Financial Statements And Business Decisions
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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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Transcribed Image Text:Windsor Company has gathered the following information:
Variable manufacturing overhead costs
Fixed manufacturing overhead costs
Normal production level in labour hours
Standard labour hours
(a)
$12,150
$9,180
9,000
During the year, 3,310 units were produced, 10,700 hours were worked, and the actual manufacturing overhead was $20,100. Actual
fixed overhead totalled $9.190.
Windsor applies overhead based on direct labour hours.
Fixed predetermined ovehead rate $
Variable predetermined ovehead rate $
Total predetermined ovehead rate $
9,400
Calculate the total, fixed, and variable predetermined overhead rates. (Round calculations and final answer to 2 decimal places, eg.
15.25)
per DL hour
per DL hour
per DL hour
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