Marvelettes Company provided the following information: Standard fixed overhead rate (SFOR) per direct labor hour $8 Actual
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Question:
Marvelettes Company provided the following information:
Standard fixed overhead rate (SFOR) per direct labor hour | $8 |
Actual fixed overhead rate (AFOR) per direct labor hour | $8.03 |
Actual direct labor hours worked (AH) | 57,000 |
Actual production in units | 13,000 |
Standard hours allowed for actual units produced (SH) | 54,000 |
Required:
1. Using the columnar approach, calculate the fixed overhead spending and efficiency variances.
2. Using the formula approach, calculate the fixed overhead spending variance.
3. Using the formula approach, calculate the fixed overhead efficiency variance.
4. Calculate the total fixed overhead variance.
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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