Calculate the following overhead variances, Cost Accounting

Assignment Help:

                                                                              Planned                          Actual        

      Production                                                         92,000 units                     87,000 units

      Direct labor hours                                             506,800 DL hrs                380,000 DL hrs

      Fixed manufacturing overhead                          $205,000                         $182,400

      Variable manufacturing overhead                       $910,000                         $841,500

      Standard direct labor hour per unit                              5.5

Required:

Calculate the following three overhead variances:

a. Overhead volume variance.

b. Overhead efficiency variance.

c. Overhead spending variance.


Related Discussions:- Calculate the following overhead variances

DIVIDEND POLICY, EARNINGS AFTER TAX-1500000 NUMBER OF EQUITY SHARE OUTSTAND...

EARNINGS AFTER TAX-1500000 NUMBER OF EQUITY SHARE OUTSTANDING-300000 DIVIDEND PAID 600000 PRICE-EARNING RATIO-101 RATE OF RETURN ON INVESTMENT-20% WHAT IS OPTIMUM DIVIDEND PAY OUT

Assumptions of break even analysis, ASSUMPTIONS OF BREAK EVEN ANALYSIS ...

ASSUMPTIONS OF BREAK EVEN ANALYSIS 1. Fixed costs for all time remain constant. 2. All costs are divided into fixed and variable costs. 3. Selling price will not alter de

Sunk costs, Which statement best describes a sunk cost? A a cost which is i...

Which statement best describes a sunk cost? A a cost which is irrelevant for the future B a cost which must be matched against the revenue C a cost which remains the same at all le

Calculate total revenue-marginal revenue-marginal cost, In the beach city o...

In the beach city of Santa Barbara, California, there are seven bathing suit stores, each with the same schedule of costs and each facing an identical demand curve. Swim N Style is

Advantages and disadvantages of uniform costing, Advantages and Disadvantag...

Advantages and Disadvantages of Uniform Costing Advantages 1. It enables costs to be compared simply 2. It makes it easier to computerize the accounting system of d

Calculate the payout ratio, The following information is available for Whit...

The following information is available for Whitlock Corporation in millions average common stockholders equity 2014-$2,532 2013-$2,591 dividends declared for common stockholders 20

Show the objective of accounting standards, A sound foundation is necessary...

A sound foundation is necessary for success in any task from building a house to putting on make up. In terms of U.S Accounting standards it is necessary to have a sound foundatio

Factors affect decision making, Factors affect Decision Making These d...

Factors affect Decision Making These decisions need consideration of factors as like A. The level of market possible to be available in future B. The strategy that compe

Job Order Costing, Bedovin Company manufactures office tables and chairs us...

Bedovin Company manufactures office tables and chairs using the job order cost system

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd