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

Process costing, how to prepare separate accounts for each process given ha...

how to prepare separate accounts for each process given having been givent normal loss,output,overhead and output passes to next process

Cost sheets, Describe the information about cost sheets? Ans) Cost sheet...

Describe the information about cost sheets? Ans) Cost sheet having of the direct and indirect expenses acquired in producing a given product and classifying the expenses acquire

Profit or loss on the disposal of the fixtures and fittings, This task invo...

This task involves the recording of non-current asset information in the general (nominal, main) ledger and other non-current asset matters. You are assisting in preparing the a

Goods and services tax, William Potter is a plumber currently operating as ...

William Potter is a plumber currently operating as a Sole Trader in Levin. William has approached you, a tax accountant, for your advice on certain tax matters. William's brothe

Costs and revenue, Costs and Revenue Cost of the development work ...

Costs and Revenue Cost of the development work done in-house to 1 January 2009 has been £1.5m with a further cost of £50,000 per month from now until the software is ready

Limitations of cvp analysis, Limitations of CVP Analysis The make use ...

Limitations of CVP Analysis The make use of the basic CVP model is just only relevant to planning and decision-making in an activity range whether the basic cost and revenue b

Variable overhead expenditure variance, Variable Overhead Expenditure Varia...

Variable Overhead Expenditure Variance Budget for December 2003; Shs. Fixed Overheads 11,480 Variable Ov

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