Question: You brought your work home one evening and your nephew

You brought your work home one evening, and your nephew spilled his chocolate milk shake on the variance report you were preparing. Fortunately, knowing that overhead was applied based on machine hours you were able to reconstruct the obliterated information from the remaining data. Fill in the missing numbers below.
Budgeted fixed overhead................................................ $ 25,000
Actual fixed overhead..................................................... a
Budgeted production in units.......................................... 12,500
Actual production in units............................................... c
Standard machine hours per unit of output.................... 4 hours
Standard variable-overhead rate per machine hour.......... $8.00
Actual variable-overhead rate per machine hour............. b
Actual machine hours per unit of output......................... d
Variable-overhead spending variance............................... $36,000 U
Variable-overhead efficiency variance............................. $96,000 F
Fixed-overhead budget variance........................................ $ 7,500 U
Fixed-overhead volume variance...................................... g
Total actual overhead........................................................ $356,500
Total budgeted overhead (flexible budget)....................... e
Total budgeted overhead (static budget)........................... f
Total applied overhead....................................................... $408,000




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  • CreatedApril 22, 2014
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