3 questions to answer

question 1

question 2

question 3

Exercise 21-26 (Algo) Computing sales variances LO A1 Mio Wiz sells computers. During May, it sold 500 computers at a $1,000 per unit price. The fixed budget for May predicted sales of 550 computers at an per unit price of $970 AQ - Actual Quantity SQ - Standard Quantity AP = Actual Price SP = Standard Price 182. Compute the sales price variance and the sales volume variance for May, Identity it as favorable or unfavorable (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance) Actual Sales Flexible Budget Budgeted Sales AQ AP AD SP SO X SP x X $ 0 $ OfFavorable o funfavorable Tuntavorable We wury HIRU HOLIVIO ure YUSUI Uye muw. Sedona Company set the following standard costs for one unit of its product for this year Direct material (15 pounds $3.40 per pound) $ 51.00 Direct labor (10 hours @ $9.78 per DLH) 97.00 Variable overhead (10 hours $4.90 per DLH) 49.00 Fixed overhead (10 hours $2.00 per DEH) 20.00 Standard cost per unit $ 217.00 The $6.90 ($4.90 - $200) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 41,300 units, which is 70% of the factory's capacity of 59,000 units per month. The following monthly flexible budget information is available Operating levels of capacity) 65% 701 75% 38,350 41,700 44,250 383,500 413,000 442,500 Tilexible Budget Budgeted production (units) Budgeted direct labor (standard hours) Budgeted overhead Variable overhead Fixed overhead Total overhead $ 2,879,150 826.000 $ 2,705, 150 $ 2,023,700 126,000 $ 2,549,700 $ 2,160,250 826.000 $ 2,994,250 During the current month, the company operated ot 65% of capacity, direct labor of 365,000 hours were used, and the following actual overhead costs were incurred Actual variable overhead Actual fixed overhead Actual total overhead $ 1,016,000 899,050 32,713,050 Actual fixed overhead Actual total overhead +3816,00 899,050 $ 2,715,050 Exercise 21-27A (Algo) Computing total variable and fixed overhead variances LO P5 1. Compute the total variable overhead variance and identify it as favorable or unfavorable (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) 2. Compute the total fixed overhead variance and identify it as favorable or unfavorable (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) At 65% of Operating capacity Standard Direct Labor Hours Overhead Rate FavorableUnfavorable Standard Direct Labor Hours Standard Overhead Applied Actual Ovochead Overhead Variance $ Variable overhead variance Fixed overhead variance 4.90 200 Favorable Unfavorable 899,050 CD Sedona Company set the following standard costs for one unit of its product for this year. Direct material (15 pounds $3.40 per pound) Direct labor (10 hours 2.59.70 per DLH) Variable overhead (10 hours $4.90 per DLH) Fixed overhead (19 hours @ $2.00 per DLH) Standard cost per unit 5 51.00 97.00 49.90 20.00 $ 217.00 The $6.90 ($4.90 - $2.00) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 41.300 units, which is 70% of the factory's capacity of 59,000 unis per month. The following monthly flexible budget information is available Operating Levels of capacity 65% 70% 753 38,350 41,300 44,250 383,500 413,000 442,500 Flexible budget Budgeted production (units) Budgeted direct labor (standard hours) Budgeted overhead Variable overhead Fixed overhead Total ovenstad $ 1,879,150 $26.eee $ 2,705, 150 $ 2,023,700 126,000 $ 2,849,700 $ 2,268,250 $26,000 $32.94250 During the current month, the company operated at 65% of capacity, direct labor of 365.000 hours were used and the following actual overhead costs were incurred Actual yordable overhead Actual fixed overhead Actul total overbead $ 1,816,000 199,50 $ 2,925,050 Pey 2 21 of 21 !! Required information 1. Compute the variable overhead spending and efficiency variances. 2. Compute the fixed overhead spending and volume variances 3. Compute the controllable variance Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Compute the variable overhead spending and effidency variances, (Indicate the effect of eade variance by selecting favorable, unfavorable, or ne variance. Round "rate per unit to 2 decimal places.) Actual Variable OH Cost AH AVR X Flexible Budget X AH SVR Standard Cost(VOH applied SH SVR 0 X oluntavorable o For Favorable S