Reference no: EM133013320
Question - OVERHEAD VARIANCE ANALYSIS
Question 1-3 are based on the following information:
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Budget at Normal Capacity
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Actual
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Production (units)
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20,000
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19,800
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Direct Labor
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5,000
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5,040
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Variable Factory Overhead
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15,000
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17,000
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Fixed Factory Overhead
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25,000
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25,000
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40,000
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42,000
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1. What is the total overhead variance?
2. What is the overhead controllable variance?
3. What is the overhead volume variance?
Question 4-6 are based on the following information:
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Standard
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Actual
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Budgeted
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Direct Labor hours
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4,200
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4,000
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4,500
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Variable Factory Overhead
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P1,680
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P1,600
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P1,800
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Fixed Factory Overhead
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840
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900
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900
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4. The total overhead variance is?
5. The variable overhead controllable variance is?
6. The fixed overhead volume variance is?
Question 7 - 9 are based on the following information:
Budgeted overhead at normal capacity P156,000
Budgeted overhead based on standard hours 150,000
Standard overhead applied for the actual production 136,500
Actual overhead for the actual production 147,000
7. The total overhead variance is?
8. The overhead controllable variance is?
9. The overhead volume variance is?
Questions 10-12 are based on the information:
Normal capacity 150,000 DL hours
Actual capacity 125,000 DL hours
Standard hours allowed 122,500 DL hours
Standard fixed rate P0.70 per hour
Standard Variable rate P0.40 per hour
Actual overhead rate P1.11 per hour
10. The total overhead variance is?
11. The overhead controllable variance is?
12. The overhead volume variance is?
Question 13 to 15 are based on the following overhead costs and production data available for August:
Standard fixed overhead rate per hour P1
Standard variable overhead rate per hour P4
Budgeted direct labor hours per month 40,000
Actual direct labor hours during August 39,500
Standard direct labor hours for the actual production 39,000
Total actual overhead for August 193,000
13. The total overhead variance for August?
14. The overhead controllable variance is?
15. The overhead volume variance is?
Questions 16 and 17 are based on the following information:
Total actual overhead P12,600
Budgeted fixed overhead 3,300
Standard variable overhead rate P3 per DLH
Standard hours allowed 3,500
Normal Capacity 3,300
16. What is the variable overhead controllable variance?
17. What is the fixed overhead volume variance?
Question 18 and 19 are based on the following information:
Actual Total Factory Overhead P15,000
Actual fixed overhead P7,200
Budgeted fixed overhead (based on 4,000 hrs) P7,000
Actual hours 3,500
Standard hours allowed for actual production 3,800
Standard variable overhead rate oer hour P2.50
18. The total overhead variance is?
19. The fixed overhead volume variance is?
Question 20 and 21 are based on the following information:
Actual variable overhead P29,500
Actual fixed overhead 10,500
Budgeted fixed overhead 10,200
Actual hours 13,980
Standard hours allowed 15,000
Normal Capacity (in hours) 12,000
Standard overhead rate P2.50 per hour
20. The overhead controllable variance is?
21. The overhead volume variance is?