Business

Business, 11.09.2019 05:30, brendaandrade1889

Question: 6 during the month just ended, a department’s fixed overhead standard costing system reported unfavorable spending and volume variances. the activity level selected for allocating overhead to the product was based on 80% of practical capacity. if 100% of practical capacity had been selected instead, how would the reported unfavorable spending and volume variances be affected?

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Business, 22.06.2019 15:00, cheyfaye4173

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

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Business, 28.06.2019 14:30, mem8163

Griffen corporation uses a standard costing system. information for the month of may is as follows: actual manufacturing overhead costs ($26,000 is fixed) $80,000 direct labor: actual hours worked 12,000 hrs. standard hours allowed for actual production 10,000 hrs. average actual labor cost per hour $18.00 the overhead rate is based on a normal volume of 12,000 direct labor hours. standard cost data at 12,000 direct labor hours were as follows: variable overhead $48,000 fixed overhead 24,000 total overhead $72,000 what is the fixed overhead spending variance for griffen?

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Business, 20.09.2019 19:30, ittmanny6138

Montoursville control company, which manufactures electrical switches, uses a standard-costing system. the standard production overhead costs per switch are based on direct-labor hours and are as follows: variable overhead (5 direct-labor hours @ $13.00 per hour) $ 65 fixed overhead (5 direct-labor hours @ $21.00 per hour)* 105 total overhead $ 170 *based on capacity of 307,500 direct-labor hours per month. the following information is available for the month of october. variable overhead costs were $5,340,000. fixed overhead costs were $7,875,000. 58,500 switches were produced, although 61,500 switches were scheduled to be produced. 290,000 direct-labor hours were worked at a total cost of $5,325,000. required: compute the variable-overhead spending and efficiency variances and the fixed-overhead budget and volume variances for october. (indicate the effect of each variance by selecting "favorable" or "unfavorable". select "none" and enter "0" for no effect (i.e., zero

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