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Question - Ana Carillo and Associates is a medium-sized company located near a large metropolitan area in the Midwest. The company manufactures cabinets of mahogany, oak, and other fine woods for use in expensive homes, restaurants, and hotels. Although some of the work is custom, many of the cabinets are a standard size.
One such non-custom model is called Luxury Base Frame. Normal production is 1,000 units. Each unit has a direct labor hour standard of 5 hours. Overhead is applied to production based on standard direct labor hours. During the most recent month, only 790 units were produced; 4,500 direct labor hours were allowed for standard production, but only 4,000 hours were used. Standard and actual overhead costs were as follows.
Standard (1,000 units)
Actual (790 units)
Indirect materials
$ 10,700
$ 11,000
Indirect labor
38,400
45,500
(Fixed) Manufacturing supervisors salaries
20,100
19,600
(Fixed) Manufacturing office employees salaries
11,600
11,200
(Fixed) Engineering costs
24,100
22,300
Computer costs
8,900
Electricity
2,200
(Fixed) Manufacturing building depreciation
7,100
(Fixed) Machinery depreciation
2,700
(Fixed) Trucks and forklift depreciation
1,300
Small tools
600
(Fixed) Insurance
500
(Fixed) Property taxes
300
Total
$128,500
$133,900
Required - Calculate the total overhead variance, controllable variance, and volume variance.
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