Question: ABC Corp's budgeted variable manufacturing overhead rate is $12 per direct labor hour. Budgeted fixed overhead is $200,000 per month. During the month, actual production

ABC Corp's budgeted variable manufacturing overhead rate is $12 per direct labor hour. Budgeted fixed overhead is $200,000 per month. During the month, actual production was 15,000 units, and actual direct labor hours were 10,000. Actual variable overhead was $180,000. Calculate the total overhead variance and break it down into variable and fixed overhead variances.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

XYZ Corp's budgeted variable manufacturing overhead rate is $4 per direct labor hour. Budgeted fixed overhead is $60,000 per month. During the month, actual production was 8,000 units, and actual...

XYZ Corp's budgeted variable manufacturing overhead rate is $30 per direct labor hour. Budgeted fixed overhead is $600,000 per month. During the month, actual production was 30,000 units, and actual...

XYZ Corp's budgeted variable manufacturing overhead rate is $10 per direct labor hour. Budgeted fixed overhead is $200,000 per month. During the month, actual production was 15,000 units, and actual...

XYZ Corp's budgeted variable manufacturing overhead rate is $10 per direct labor hour. Budgeted fixed overhead is $200,000 per month. During the month, actual production was 12,000 units, and actual...

XYZ Corp's budgeted variable manufacturing overhead rate is $20 per direct labor hour. Budgeted fixed overhead is $300,000 per month. During the month, actual production was 20,000 units, and actual...

XYZ Corp's budgeted variable manufacturing overhead rate is $40 per direct labor hour. Budgeted fixed overhead is $800,000 per month. During the month, actual production was 40,000 units, and actual...

XYZ Corp's budgeted variable manufacturing overhead rate is $25 per direct labor hour. Budgeted fixed overhead is $500,000 per month. During the month, actual production was 25,000 units, and actual...

ABC Corp's budgeted variable manufacturing overhead rate is $6 per direct labor hour. Budgeted fixed overhead is $100,000 per month. During the month, actual production was 8,000 units, and actual...

ABC Corp's budgeted variable manufacturing overhead rate is $8 per direct labor hour. Budgeted fixed overhead is $150,000 per month. During the month, actual production was 10,000 units, and actual...

XYZ Corp's budgeted variable manufacturing overhead rate is $3 per direct labor hour. Budgeted fixed overhead is $50,000 per month. During the month, actual production was 10,000 units, and actual...

Yost Company purchased 75% of Sinker Company's common stock on January 1, 20X6 for $360,000. On that date, Sinker reported common stock of $240,000 and retained earnings of $120,000. Based on these...

What will be your annual cost, if you have an average cash balance is $2,000, and you will withdraw $500 every 8th day, nominal interest rate is 3%, opportunity cost is 15%, and probability of loss...

Which of the following items results in a temporary difference taxable amount for a given year? Premiums on officer's life insurance ( officer is beneficiany ) Vacation pay acerual Premiums on...

Adams Corporation manufactures fasteners. The company's income statements for three years are indicated in Exhibit 1. The balance Sheets for the same period are shown in Exhibit 2. Exhibit 1 ADAMS...

Predict the geometry of the following E2 products Br NaOH ..... Br NaOEt Et KH I

Doras Dresses new computerized stock control system has the following features incorporated into the procedure for purchasing and stock renewal: 1. All stock purchases must have a Purchase Order. 2....

1.Draw two tautomeric forms of Thymine 2. Give mechanisms for the following conversions 3.Suggest a synthesis for the following heterocycle NH N

Create a 200 word summary on the Juvenile Justice System than and today. Describe The Juvenile system and provide a generalizable definition. Highlight the issues in the Juvenile system and why this...

How does this chapter illustrate a situational approach to management?

Divide the class into groups of four or five students (depending on class size). Assign one pattern of departmentation to each group (assign two to each if the class is small). The groups should...

Why are so many national government agencies organized primarily on a territorial basis?