Reference no: EM132579583
Boutin Glass Works' production budget for the year ended November 30, 2004, in Department C was based on 200,000 units. Each unit requires two standard hours of labour for completion.
Total overhead was budgeted at $900,000 for the year and the fixed overhead rate was estimated to be $3 per unit. Both fixed and variable overhead are applied to the product on the basis of direct labour hours.
The actual data for the year ended November 30, 2004, are:
Actual production in units198,000
Actual direct labour hours440,000
Actual variable overhead$352,000
Actual fixed overhead$575,000
Question 1: What were the standard hours allowed for actual production for the year ended November 30, 2004?
Question 2: What was the VOH efficiency variance for the year?
Question 3: What was the VOH spending variance for the year?
Question 4: What was the FOH spending variance for the year?
Question 5: What was the FOH applied to Boutin's production for the year?
Question 6: What was the FOH production volume variance for the year?