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

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

Planning Budgetting, Bugga Corp expects to sell 3,000 units in October, and...

Bugga Corp expects to sell 3,000 units in October, and expects sales to increase 20% each month thereafter. Sales price is expected to stay constant at $8 per unit. What are budge

Job-order costing system.., Compute the predetermined overhead rate used du...

Compute the predetermined overhead rate used during the year in the Preparation and Fabrication Departments.

Exploration costs, are eploration costs of a mining industry regarded as an...

are eploration costs of a mining industry regarded as an asset or expense or both?

Circle the categories of values method , You perform a travel cost study th...

You perform a travel cost study that looks at the relationship between the cost of visiting a lake (including costs of travel, value of time spent not working & any entry fees), it

Cash flows statement , You have recently graduated from VU and are now work...

You have recently graduated from VU and are now working for a small accounting firm. The firm recently purchases MYOB software for internal use. Upon learning that you had learnt M

Calculate the variable cost, Workmen shoes accumulated the following produc...

Workmen shoes accumulated the following production and cost data for the past 5 months. i)  Using the high/low method calculate the variable cost per unit and the fixed cos

Calculate the group profit and loss, Using the chosen company from Bursa Ma...

Using the chosen company from Bursa Malaysia, prepare a consolidated accounts assuming that the chosen company acquire Sure Cargo Behard at 80% of its ordinary shares. Given bel

Compute the annual depreciation charges, On January 1, 2012, a machine was ...

On January 1, 2012, a machine was purchased for $197,100. The machine has an estimated salvage value of $13,140 and an estimated useful life of 5 years. The machine can operate for

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