Zitrik Corporation manufactured 130,000 buckets during February. The variable overhead cost-allocation base is $5.30 per machine-hour. The following variable overhead:data pertain to FebruaryActualProductionBudgeted130,000 units130,000 unitsMachine-hours9,500 hours9,000 hoursVariable overhead cost per machine-hour$5.35$5.30?What is the variable overhead efficiency varianceالجواب:

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Answered: Zitrik Corporation manufactured 130,000…

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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You Did It! (YDI) has the following standards for direct labor: o Estimated quantity 8,900 direct labor hours o Estimated unit variable $48 per hour o Estimated fixed costs $18,000 YDI actually used 8,300 direct labor hours during production at an average hourly wage rate of $49.20, and actually incurred total fixed costs of $17,600. Using this information, answer the following questions. Please circle to identify the variance as favorable or unfavorable. What is the direct labor volume variance? Favorable or unfavorable?
ThingOne Company has the following information available for the past year. They use machine hours to allocate overhead. Actual total overhead $69,270 Actual fixed overhead $33,000 Actual machine hours 9,000 Standard hours for the units produced 8,300 Standard variable overhead rate $4.40 What is the variable overhead efficiency variance? Enter the amount as positive number. Variable overhead efficiency variance $fill in the blank 1
Please help me to solve this problem
Russo corporation manufactured 22,000 air conditioners during November. The overhead cost allocation base is $30.50 per machine hour. The following variable overhead data pertain to November: Actual Budgeted Production 22,000 units 24,000 units Machine-hours 15,675 hours 16,800 hours Variable overhead cost per machine hour $30 $30.50 What is the variable overhead spending variance? A. $7,837.5 unfavorable B. $7,837.50 favorable C. $8,400.00 favorable D. $8400.00 unfavorable
Feagin Company’s actual variable overhead was $73,000. Actual direct labor hours were 25,000 to make 20,000 finished products. The per-unit standard for direct labor hour is 1.5 hours, and the pre-determined variable overhead rate is $3 per direct labor hour. What were (1) the variable overhead spending variance (2) the variable overhead efficiency variance?
Japan Company produces lamps that require 3 standard hours per unit at a standard hourly rate of $20.10 per hour. Production of 4,600 units required 13,390 hours at an hourly rate of $20.50 per hour. What is the direct labor (a) rate variance, (b) time variance, and (c) total cost varianc
The standard costs and actual costs for factory overhead for the manufacture of 2,800 units of actual production are as follows: Standard Costs Fixed overhead (based on 10,000 hours) 3 hours per unit @ $0.78 per hour Variable overhead 3 hours per unit @ $1.91 per hour Actual Costs Total variable cost, $17,800 Total fixed cost, $8,100 The variable factory overhead controllable variance is a.$1,756 favorable b.$1,756 unfavorable c.$1,405 favorable d.$0
Bonnie Company applies overhead based on machine hours. The variable overhead standard is 24 hours at $19.00 per hour. During March, Bonnie spent $314,150 for variable overhead, and 13,280 machine hours were used to produce 60 units. What is the variable overhead rate variance? Note: Do not round intermediate calculation. Multiple Choice O $15.600 unfavorable $61,830 unfavorable $12.800 unfavorable $61.830 favorable
The following information is available for Baxter Manufacturing for April: Actual machine hours 840 Standard machine hours allowed 900 Denominator activity (machine hours) 1,000 Actual fixed overhead costs $ 3,800 Budgeted fixed overhead costs $ 4,000 Predetermined overhead rate ($1 variable + $4 fixed) $ 5 What is the production volume variance? Multiple Choice $300. $400. $240. $200.
A company manufactures one product, the JB3. Budgeted fixed overhead per unit is £1 and budgeted output is 4,000 units. Actual output is 4,800 units and the actual overheads are £44,800.What is the fixed overhead expenditure variance?a) £3,200 Adverseb) £4,800 Favourablec) £4,800 Adversed) £3,200 Favourable
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ThingOne Company has the following information available for the past year. They use machine hours to allocate overhead. Actual total overhead $73,060 Actual fixed overhead $32,000 Actual machine hours 10,000 Standard hours for the units produced 9,400 Standard variable overhead rate $4.40 What is the variable overhead efficiency variance? Enter the amount as positive number. Variable overhead efficiency variance $

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