You brought your work home one evening, and your nephew spilled his chocolate milk shake on the variance report you were preparing. Fortunately, knowing that overhead was applied based on machine hours, you were able to reconstruct the obliterated information from the remaining data. Fill in the missing numbers below. Standard machine hours per unit of output ............................................... 4 hoursStandard variable-overhead rate per machine hour ............................... $8.00Actual variable-overhead rate per machine hour ............................................. bActual machine hours per unit of output ............................................................. dBudgeted fixed overhead .................................................................................... $50,000Actual fixed overhead ..................................................................................................... aBudgeted production in units ............................................................................ 25,000Actual production in units ...................................................................................... cVariable-overhead spending variance .................................................... $ 72,000 UVariable-overhead efficiency variance .................................................... $192,000 FFixed-overhead budget variance .............................................................. $ 15,000 UFixed-overhead volume variance ..................................................................... gTotal actual overhead ........................................................................................ $713,000Total budgeted overhead (flexible budget) ................................................... eTotal budgeted overhead (static budget) ........................................................ fTotal applied overhead ................................................................................ $816,000
You brought your work home one evening, and your nephew spilled his chocolate milk shake on the variance report you were preparing. Fortunately, knowing that
Standard machine hours per unit of output ............................................... 4 hours
Standard variable-overhead rate per machine hour ............................... $8.00
Actual variable-overhead rate per machine hour ............................................. b
Actual machine hours per unit of output ............................................................. d
Budgeted fixed overhead .................................................................................... $50,000
Actual fixed overhead ..................................................................................................... a
Budgeted production in units ............................................................................ 25,000
Actual production in units ...................................................................................... c
Variable-overhead spending variance .................................................... $ 72,000 U
Variable-overhead efficiency variance .................................................... $192,000 F
Fixed-overhead
Fixed-overhead volume variance ..................................................................... g
Total actual overhead ........................................................................................ $713,000
Total budgeted overhead (flexible budget) ................................................... e
Total budgeted overhead (static budget) ........................................................ f
Total applied overhead ................................................................................ $816,000
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