Question: A company provided the following data: Standard fixed overhead rate (SFOR) ........ $7 per direct labor hour Actual fixed overhead costs ........... $250,895 Standard hours

A company provided the following data:
Standard fixed overhead rate (SFOR) ........ $7 per direct labor hour
Actual fixed overhead costs ........... $250,895
Standard hours allowed per unit .......... 3 hours
Actual production .............. 12,000 units

Required:
1. Calculate the standard hours allowed for actual production.
2. Calculate the applied fixed overhead.
3. Calculate the total fixed overhead variance.

Step by Step Solution

★★★★★

3.50 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

1 Standard hours for actual units SH per unit Actual unit... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

94-B-M-A-F-B (107).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

A company provided the following information: Standard fixed overhead rate (SFOR) per direct labor hour ..... $7.00 Actual fixed overhead rate (AFOR) per direct labor hour ..... $6.95 Actual direct...

The Ritz Furniture Gallery, Inc., provided the following data from the companys records for the year ended December 31, 2014: a. Credit sales, $560,100 b. Loan to another company, $7,900 c. Cash...

For 2012, Ontario Manufacturing Company provided the following accounting information: a. Which of the above are sources of funds? b. Which of the above are uses of funds? c. What is the overall...

Ross Company provided the following data: Standard fixed overhead rate (SFOR) .....$ 5 per direct labor hour Actual fixed overhead costs .........$ 281,680 Standard hours allowed per unit ........4...

Lukov Incorporated provided the following data: Standard fixed overhead rate (SFOR) ............................. $5 per direct labour hour Actual fixed overhead costs...

Standard fixed overhead rate (SFOR) $15.00 per direct labor hour Actual FOH $160,000 Standard hours allowed per unit 0.02 hour Actual production (packages) 500,000 units Required: Calculate the (1)...

Foxed Overhead Spending and Volume Variances, Columnar and Formula Approaches Corey Company provided the following information: Standard fixed overhead rate (SFOR) per direct labor hour $10.00 Actual...

Corey Company provided the following information: Standard fixed overhead rate (SFOR) per direct labor hour $10.00 Actual fixed overhead $425,000 Budgeted fixed overhead $500,000 8,500 Actual...

Marvelettes Company provided the following information: Standard fixed overhead rate (SFOR) per direct labor hour .....$ 5.00 Actual fixed overhead rate (AFOR) per direct labor hour .......$ 5.03...

A company provided the following information: Standard fixed overhead rate (SFOR) per direct labour hour$7.00 Actual fixed overhead rate (AFOR) per direct labour hour $6.95 Actual direct labour hours...

A steel rod 60 mm in diameter is 4 m long. A pull of 80 kN is suddenly applied to it. besprotoveh 200 GPa. Find the instantaneous Shia) 218002 Take E - elongation. (a) 0.98 mm (c) 1.23 mm es (b) 1.13...

Consider applying GAs to the task of finding an appropriate set of weights for an artificial neural network (in particular, a feedforward network identical to those trained by BACKPROPAGATION...

Payroll management reports Group of answer choices are required by law and therefore are forwarded to a government agency. provide the company with valuable information concerning payroll costs, such...

Use the company that you selected for problem 6. Identify examples of their key resources and explain how those might affect their business model performance. LO 16-8, LO 16-9

Selva Inc. makes keyboards for tablets. Planned production in units for the first three months of the coming year are: January .................. 43,800 February ................. 41,000 March...

Selva Inc. makes keyboards for tablets. Budgeted direct labour hours for the first three months of the coming year are: January ................ 13,140 February ...............12,300...

Okeke Company manufactures a line of office chairs. Each chair takes $14 of direct materials and uses 1.9 direct labour hours at $16 per direct labour hour. The variable overhead rate is $1.20 per...

Statistics help The Acme Pro Office service provides temporary office personnel for many corporations. They have found that 88% of their invoices are paid within 10 working days by these...

What is AEI's times-interested-earned (TIE) ratio? TIE RATIO AEI Incorporated has $5 billion in assets, and its tax rate is 40%, Its basic earning power (BEP) ratio is 10%, and its return on assets...

What is the IRR of the following set of cash flows? Year Cash Flow 0 GN- 12,022 5.700 6,700 5,100 2 3 Multiple Choice 21.34% 22.22% 21.78% 22.87% 20.69%