Question

Refer to the information presented in E9-6 for Parker Plastic.


Parker Plastic had the following actual results for the past year:
Number of units produced and sold ..... 1,000,000
Number of square feet of plastic used .... 11,800,000
Cost of plastic purchased and used ...... $ 8,260,000
Number of labor hours worked ...... 245,000
Direct labor cost ............. $ 2,891,000
Variable overhead cost ......... $ 318,500
Fixed overhead cost ........... $ 355,000

Required:
Calculate Parker Plastic’s fixed overhead spending and volume variances and its over- or under-applied fixedoverhead.


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  • CreatedFebruary 27, 2015
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