The adobe brick company makes fired clay bricks adobe

Assignment Help Accounting Basics

Reference no: EM13608443

The Adobe Brick Company makes fired clay bricks. Adobe anticipates production to be 150,000 bricks with fixed overhead of $45,000 and variable overhead of $0.50 per brick. Actual production was 152,000 bricks and actual overhead was $122,800.

a. Overhead Volume Variance

1. What is the variable overhead budget per unit?

2. What is the fixed overhead budget per unit?

3. What is the overhead application rate per unit?

4. What is the applied overhead?

5. What is the flexible overhead budget cost formula?

6. What is the flexible budget overhead at the actual production level?

7. What is the overhead volume variance?

b. Controllable Overhead Variance

1. What is the flexible budget overhead (6 above)?

2. What was the actual overhead incurred?

3. What is the controllable overhead variance?

DIAGRAMMATIC APPROACH FOR OVERHEAD VARIANCES Overhead Volume Variance Controllable Overhead Variance Total Variance

c. What might be some explanations for the above variances?

Reference no: EM13608443

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