Total overhead incurred amounted to 508400 budgeted fixed

Assignment Help Accounting Basics

Reference no: EM13612516

Straightforward variance analysis (L.O. 5) Arrow Enterprises uses a standard costing system. The standard cost sheet for product no. 549 follows. Direct materials: 4 units @ $6.50 $26.00 Direct labor: 8 hours @ $8.50 68 Variable factory overhead: 8 hours @ $7.00 56 Fixed factory overhead: 8 hours @ 2.5 20 Total standard cost per unit $170.00 The following information pertains to activity for December:

1. Direct materials acquired during the month amounted to 26,350 units at $6.40 per unit. All materials were consumed in operations.

2. Arrow incurred an average wage rate of $8.75 for 51,400 hours of activity.

3. Total overhead incurred amounted to $508,400. Budgeted fixed overhead totals $1.8 million and is spread evenly throughout the year.

4. Actual production amounted to 6,500 completed units.

Instructions:

a. Compute Arrow's direct material variances.

b. Compute Arrow's direct labor variances.

c. Compute Arrow's variances for factory overhead.

Reference no: EM13612516

Questions Cloud

Wilson inc developed a business strategy that uses stock : wilson inc. developed a business strategy that uses stock options as a major compensation incentive for its top

A 40-g bullet leaves the muzzle of a rifle with a speed of : a 4.0-g bullet leaves the muzzle of a rifle with a speed of 326 ms. what force assumed constant is exerted on the

If the coefficient of kinetic friction between the package : suppose that you want to design a bumper that will bring a 20-lb package moving at 10 fts to rest at 6 inches from the

When you quickly move the nozzle away from the vertical you : suppose you adjust your garden hose nozzle for a hard stream of water. you point the nozzle vertically upward at a

Total overhead incurred amounted to 508400 budgeted fixed : straightforward variance analysis l.o. 5 arrow enterprises uses a standard costing system. the standard cost sheet for

What is the cw when i10 per year of 1500 per year starting : what is the cw when i10 per year of 1500 per year starting in year one and continuing forever and 10000 in year five

Basic flexible budgeting lo 2 centron inc has the following : basic flexible budgeting l.o. 2 centron inc. has the following budgeted production costs direct materials 0.40 per unit

The sheet is immersed in a uniform electric field of : a flat sheet is in the shape of a rectangle with sides of lengths 0.400 rm m and 0.600 rm m. the sheet is immersed in a

Variances for direct materials and direct labor banner : variances for direct materials and direct labor banner company manufactures flags of various countries. each flag has a

User Account

All Pages