ABC Company manufactures widgets. Both variable and fixed overhead are allocated to widgets produced using machine...
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ABC Company manufactures widgets. Both variable and fixed overhead are allocated to widgets produced using machine hours. The actual units produced for March was 1,900 widgets. Budgeted production in units was 2,000 widgets. The following data is available for March: Variable overhead: Standard (budgeted) Variable overhead rate per hour: Standard (budgeted) machine hours per unit Actual total variable overhead costs: Actual machine hours used: Fixed overhead: Standard (budgeted) machine hours per unit Total Budgeted Fixed Overhead (Static Budget) Fixed Overhead rate variance: $8 per machine hour 0.6 machine hours $9,450 1,220 Select one: O a $2.280 F O b. $3,000 U O c. $2,280 U Od. $3,000 F 0.6 machine hours $45,600 $3,000 favourable The Fixed Overhead Production Volume Variance is: ABC Company manufactures widgets. Both variable and fixed overhead are allocated to widgets produced using machine hours. The actual units produced for March was 1,900 widgets. Budgeted production in units was 2,000 widgets. The following data is available for March: Variable overhead: Standard (budgeted) Variable overhead rate per hour: Standard (budgeted) machine hours per unit Actual total variable overhead costs: Actual machine hours used: Fixed overhead: Standard (budgeted) machine hours per unit Total Budgeted Fixed Overhead (Static Budget) Fixed Overhead rate variance: $8 per machine hour 0.6 machine hours $9,450 1,220 Select one: O a $2.280 F O b. $3,000 U O c. $2,280 U Od. $3,000 F 0.6 machine hours $45,600 $3,000 favourable The Fixed Overhead Production Volume Variance is:
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Total Budgeted Fixed OH static Budget 45600 Budgeted Hours sta... View the full answer
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133392883
6th Canadian edition
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
Posted Date:
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