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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  • CreatedFebruary 21, 2014
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