The following information is available for Talley Company: Production: Budgeted ......75,000 units Actual ........76,000 units Standard costs:
Question:
The following information is available for Talley Company:
Production:
Budgeted ......75,000 units
Actual ........76,000 units
Standard costs:
Direct labor ......10 DLH per unit @ $15 per hour
Variable overhead.... 10 DLH per unit @ $8 per hour
Fixed overhead..... 10 DLH per unit @ $9 per hour
Actual costs:
Direct labor..... 756,000 DLH @ $15.50 per hour
Variable overhead... $6,040,000
Fixed overhead ....$6,758,000
Required
a. Calculate the variable overhead spending and efficiency variances.
b. Calculate total budgeted fixed overhead cost.
c. Calculate the fixed overhead variances
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