ABC Company has the following standards and flexible budget data: Standard Variable Overhead Rate $5.40 Per direct
Question:
ABC Company has the following standards and flexible budget data:
Standard Variable Overhead Rate $5.40 Per direct labour hour
Standard quantity of direct labor $1.80 hours per unit of output
Budgeted fixed overhead rate $100,000
Budgeted Output 25,000 units
Standard Variable Overhead $10.80 per unit
Standard Fixed Overhead $3.60 per unit
Actual Results for November are given below:
Actual Output 30,000 units
Actual variable overhead $360,000
Actual Fixed Overhead $106,000
Actual Direct Labor 56,000 hours
REQUIRED:
A) Variable manufacturing overhead spending variance
A2) Favorable or Unfavorable?
B) Variable Manufacturing Overhead Efficiency Variance
B2) Favorable or Unfavorable
C) Fixed manufacturing overhead spending variance
C2) Favorable of Unfavorable
D) Fixed Manufacturing overhead volume variance
D2) Favorable or Unfavorable