Reference no: EM13960483
The Stanton Supply Co. produces cleaning equipment for professional cleaners. At the start of the year, Stanton estimated variable overhead costs to be $13 per unit and total fixed overhead costs at $300,000 based on a volume of 60,000 units. The detail for the overhead estimates follows:
Variable Overhead:
Indirect material ($8)...........$480,000
Utilities ($2) ................$120,000
Maintenance ($3) ..............$180,000
Total variable overhead ..........$780,000
Fixed Overhead:
Supervisor salaries ..............$125,000
Depreciation ...............$150,000
Other fixed overhead............$25,000
Total fixed overhead............$300,000
Total overhead costs ........... $1,080,000
Actual costs for the year are as follows:
Actual Production .............55,000 units
Variable Overhead
Indirect material .............$467,500
Utilities .................$95,000
Maintenance ...............$170,000
Total variable overhead ..........$732,500
Fixed Overhead:
Supervisor salaries ...........$127,000
Depreciation ..............$145,000
Other fixed overhead...........$26,000
Total fixed overhead...........$298,000
Total overhead costs ........... $1,030,500
Required:
Calculate the controllable overhead variances for variable and fixed overhead. As a manager with limited time, which variances would you focus on?
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