Using the information in P22-3A, compute the overhead controllable variance and the overhead volume variance. Data from
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Using the information in P22-3A, compute the overhead controllable variance and the overhead volume variance.
Data from P22-3A
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Standard (per unit) 8 yards at $430 per yard Cost Element Direct materials Actual $371,050 for 90,500 yards ($4.10 per yard) $201,630 for 14,300 hours ($14.10 per hour) $49,000 fixed overhead $37,000 variable overhead Direct labor 1.2 hours at $13.50 per hour 1.2 hours at $6.00 per hour (fixed $3.50; variable $2.50) Overhead
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Related Book For
Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
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