Question

During December 2013, Amin Corp. manufactured products requiring 8,000 standard labor hours. The following variance and actual information is available:
Labor rate variance ............ $ 4,500 U
Labor efficiency variance .......... 12,000 U
Actual variable overhead .......... 162,000
Actual fixed overhead ........... 84,000
Amin Corp.’ s standard costs for labor and overhead were set at the beginning of 2013 and have remained constant through the year as follows:
Direct labor (4 hours × $ 12 per hour) ........ $ 48
Factory overhead (10,000 DLHs expected capacity)
Variable (4 hours × $ 16 per direct labor hour) .... 64
Fixed (4 hours × $ 9 per direct labor hour) ....... 36
Total unit conversion cost .............. $ 148
Calculate the following unknown amounts:
a. Number of units manufactured
b. Total applied factory overhead
c. Volume variance
d. Variable overhead spending variance
e. Variable overhead efficiency variance
f. Total actual overhead



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  • CreatedJune 03, 2014
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