Factory Overhead Variance Corrections The data related to Shunda Enterprises Inc.'s factory overhead cost for the...
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Factory Overhead Variance Corrections The data related to Shunda Enterprises Inc.'s factory overhead cost for the production of 20,000 units of product are as follows: eBook Actual: Variable factory overhead Fixed factory overhead $121,800 86,500 CO Standard: 30,000 hrs. at $7.00 ($4.10 for variable factory overheed) 210,000 Productive capacity at 100% of normal was 29,100 hours, and the factory overhead cost budgeted at the level of 30,000 standard hours was $208,700. Based on these data, the chief cost accountant prepared the following variance analysis Variable factory overhead controtiable variance: Actual variable factory overhead cost incurred $121,800 Budgeted variable factory overhead for 30,000 hours (123,000) Variance-favorable Fixed factory overhead volume variance: Normal productive capacity at 100% Standard for amount produced (1,200) 29,100 hrs (30,000) Productive capacity not used 900 hrs. Standard variable factory overhead rate x $7.00 Variance-unfavorable Total factory overhead cost variance-unfavorable 6,300 $5,100 Compute the following to assist you in identifying the errors in the factory overhead cost variance analysis. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required. Variance Variable Factory Overhead Controllable Variance Check My Work # 3 80 d: Amount All work saved Favorable/Unfavorable Favorable MacBook Air % ^ 6 & 7 7 25 54 E R T Y U Previous Next>> Email Instructor Save and Exit Submit Assignment for Grading Dil DD A 210 9 44 919 00 8 9 61 > 0 0 P # + 33 D F G H J KL ? C V B N M " ] delete +Book Budgeted variable factory, overhead for 30,000 hours (123,000) Variance-favorable Fixed factory overhead volume variance: (1,200) Normal productive capacity at 100% 29,100 Standard for amount produced (30,000) Productive capacity not used 900 hrs Standard variable factory overhead rate -$7.00 Variance-unfavorable Total factory overhead cost variance-unfavorable 6,300 $5,100 Compute the following to assist you in identifying the errors in the factory overhead cost variance analysis. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Round your interim computations to the nearest cent, if required. Variance Variable Factory Overhead Contratable Variance Fixed Factory Overhead Volume Variance Total Factory Overhead Cost Variance Amount Favorable/Unfavorable Favorable Favorable Favorable Check My The variable factory overhead controllable variance is the difference between the actual variable overhead costs and the budgeted variatie overhead for actual production The fixed factory overhead volume variance is the difference between the budgeted fixed overhead at 100% of normal capacity and the standard fixed overhead for the actual units produced Check My Work 80 d: 83 # $ 4 25 % 5 90 All work saved MacBook Air 96 G Dil " 8 = ' 7 8 9 & E R T Y U Factory Overhead Variance Corrections The data related to Shunda Enterprises Inc.'s factory overhead cost for the production of 20,000 units of product are as follows: eBook Actual: Variable factory overhead Fixed factory overhead $121,800 86,500 CO Standard: 30,000 hrs. at $7.00 ($4.10 for variable factory overheed) 210,000 Productive capacity at 100% of normal was 29,100 hours, and the factory overhead cost budgeted at the level of 30,000 standard hours was $208,700. Based on these data, the chief cost accountant prepared the following variance analysis Variable factory overhead controtiable variance: Actual variable factory overhead cost incurred $121,800 Budgeted variable factory overhead for 30,000 hours (123,000) Variance-favorable Fixed factory overhead volume variance: Normal productive capacity at 100% Standard for amount produced (1,200) 29,100 hrs (30,000) Productive capacity not used 900 hrs. Standard variable factory overhead rate x $7.00 Variance-unfavorable Total factory overhead cost variance-unfavorable 6,300 $5,100 Compute the following to assist you in identifying the errors in the factory overhead cost variance analysis. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required. Variance Variable Factory Overhead Controllable Variance Check My Work # 3 80 d: Amount All work saved Favorable/Unfavorable Favorable MacBook Air % ^ 6 & 7 7 25 54 E R T Y U Previous Next>> Email Instructor Save and Exit Submit Assignment for Grading Dil DD A 210 9 44 919 00 8 9 61 > 0 0 P # + 33 D F G H J KL ? C V B N M " ] delete +Book Budgeted variable factory, overhead for 30,000 hours (123,000) Variance-favorable Fixed factory overhead volume variance: (1,200) Normal productive capacity at 100% 29,100 Standard for amount produced (30,000) Productive capacity not used 900 hrs Standard variable factory overhead rate -$7.00 Variance-unfavorable Total factory overhead cost variance-unfavorable 6,300 $5,100 Compute the following to assist you in identifying the errors in the factory overhead cost variance analysis. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Round your interim computations to the nearest cent, if required. Variance Variable Factory Overhead Contratable Variance Fixed Factory Overhead Volume Variance Total Factory Overhead Cost Variance Amount Favorable/Unfavorable Favorable Favorable Favorable Check My The variable factory overhead controllable variance is the difference between the actual variable overhead costs and the budgeted variatie overhead for actual production The fixed factory overhead volume variance is the difference between the budgeted fixed overhead at 100% of normal capacity and the standard fixed overhead for the actual units produced Check My Work 80 d: 83 # $ 4 25 % 5 90 All work saved MacBook Air 96 G Dil " 8 = ' 7 8 9 & E R T Y U
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