Below is Justin Corp's flexible budget and actual results for making 52,000 units. The company's expected...
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Below is Justin Corp's flexible budget and actual results for making 52,000 units. The company's expected manufacturing products in the static budget is 50,000 units Budget Amt Per Unit Unit (Batches of 100) Vanable costs Direct Materials Direct Labor Variable Overhead Fixed Costs Fixed Overhead Total 1.75 2.88 0.72 Actual Results Variance 52000 117000 145600 30160 23920 303680 26000 -4160 -7280 • Variable OH cost standard • Fixed OH standard overhead allocation rate • Variable OH efficiency standard Actual amount of direct labor hours • Actual cost of variable OH -1080 480 Flexible Budget $2000 91000 149760 37440 25000 303200 Using the above table and below additional information, calculate fixed overhead volume variance Additional information for OH $3.00 per DLH $2.00 per DL.Hr 0:24 DLHr per batch of crayons 10,400 DLH $30,160 Below is Justin Corp's flexible budget and actual results for making 52,000 units. The company's expected manufacturing products in the static budget is 50,000 units Budget Amt Per Unit Unit (Batches of 100) Vanable costs Direct Materials Direct Labor Variable Overhead Fixed Costs Fixed Overhead Total 1.75 2.88 0.72 Actual Results Variance 52000 117000 145600 30160 23920 303680 26000 -4160 -7280 • Variable OH cost standard • Fixed OH standard overhead allocation rate • Variable OH efficiency standard Actual amount of direct labor hours • Actual cost of variable OH -1080 480 Flexible Budget $2000 91000 149760 37440 25000 303200 Using the above table and below additional information, calculate fixed overhead volume variance Additional information for OH $3.00 per DLH $2.00 per DL.Hr 0:24 DLHr per batch of crayons 10,400 DLH $30,160
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Related Book For
Managerial Accounting
ISBN: 978-1259024900
9th canadian edition
Authors: Ray Garrison, Theresa Libby, Alan Webb
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