Reference no: EM131791936
AirPro Corp. reports the following for November.
| Actual total factory overhead incurred |
$ |
28,175 |
|
| Standard factory overhead: |
|
|
|
| Variable overhead |
$ |
3.10 |
per unit produced |
| Fixed overhead |
|
|
|
| ($12,000/12,000 predicted units to be produced) |
$ |
1 |
per unit |
| Predicted units produced |
|
12,000 |
units |
| Actual units produced |
|
9,800 |
units |
Compute the overhead volume variance for November.
BatCo makes metal baseball bats. Each bat requires 1 kg. of aluminum at $18 per kg. and 0.25 direct labor hours at $20 per hour. Overhead is assigned at the rate of $40 per labor hour. What amounts would appear on a standard cost card for BatCo? (Round "Qty per unit" to 2 decimal places.)
BatCo makes metal baseball bats. Each bat requires 1 kg. of aluminum at $18 per kg. and 0.25 direct labor hours at $20 per hour. Overhead is assigned at the rate of $40 per labor hour. Assume the actual cost to manufacture one metal bat was $40. Compute the cost variance and classify it as favorable or unfavorable. (Round "Qty per unit" to 2 decimal places.)
Mosaic Company applies overhead using machine hours and reports the following information.
| Actual machine hours used (AH) |
|
4,700 |
hours |
| Standard machine hours (SH) |
|
5,000 |
hours |
| Actual variable overhead rate per hour (AVR) |
$ |
4.15 |
|
| Standard variable overhead rate per hour (SVR) |
$ |
4.00 |
|
Compute the variable overhead spending variance and the variable overhead efficiency variance. (Round actual rate to 2 decimal places.)
Tercer reports the following on one of its products.
| Direct materials standard (4 lbs. @ $2/lb.) |
$ |
8 |
per finished unit |
| Actual direct materials used (AQ) |
|
300,000 |
lbs. |
| Actual finished units produced |
|
60,000 |
units |
| Actual cost of direct materials used |
$ |
535,000 |
|
The following information describes a company's usage of direct labor in a recent period.
| Actual direct labor hours used (AH) |
|
65,000 |
| Actual direct labor rate per hour (AR) |
$ |
15 |
| Standard direct labor rate per hour (SR) |
$ |
14 |
| Standard direct labor hours for units produced (SH) |
|
67,000 |
AirPro Corp. reports the following for November.
| Actual total factory overhead incurred |
$ |
28,175 |
|
| Standard factory overhead: |
|
|
|
| Variable overhead |
$ |
3.10 |
per unit produced |
| Fixed overhead |
|
|
|
| ($12,000/12,000 predicted units to be produced) |
$ |
1 |
per unit |
| Predicted units produced |
|
12,000 |
units |
| Actual units produced |
|
9,800 |
units |