Question: HWB 4 - Please help me with the multipart question 4 parts remaining Part 2016 Points: 0.9 of 6 Save Bargain Fender uses a standard

HWB 4 - Please help me with the multipart question 4 parts remaining
HWB 4 - Please help me with the multipart question 4 parts
remaining Part 2016 Points: 0.9 of 6 Save Bargain Fender uses a
standard cost system and provide the following information (Click the icon to

Part 2016 Points: 0.9 of 6 Save Bargain Fender uses a standard cost system and provide the following information (Click the icon to view the information) Bargain Fonder allocates manufacturing overhead to production based on standard direct labor hours. Bargain Fender reported the following actual results for 2024 actual number of fenders produced, 20,000; actual variable overhead, 54,420, actual fixed overhead, 535,000; actual direct labor hours, 450 Read the resicements Requirement 1. Compute the overhead variances for the year variable overhead cost variance, variable overhead efficiency variance, fixed overhead cost variance, and fixed overhead volume variance Begin with the variable overhead cost and efficiency variances Select the required formulas, compute the variable overhead cost and efficiency variances, and identify whether each variance is favorable (F) or unfavorable (U). (You may need to simply the formula based on the data provided. Abbreviations used: AC = actual cont. AQ = actual quantity. FOH fixed overhead, SC - standard cost $0 = standard quantity: VOH : variable overhead) Formula Variance VOH cost variance (AC-SC) A 5 3,070 VOH efficiency variance (AQ - SQ) - SC 55 330F Now compute the fixed overhead cost and volume variances Select the required formulas, compute the fixed overhead cost and volume variances and identify Bargain Fender uses a standard cost system and provide the following information: (Click the icon to view the information) Bargain Fender allocate manufacturing overhead to production based on standard direct labor hours Bargain Fonder reported the following actual results for 2024 actual number of fonders produced, 20,000 actual variable overhead, 54,420, actual foed overhead, 5.35,000, actual direct labor hours, 450 Read the requirements Com Formula Variance VOH cost variance (AC-SC) AD $ 3,070U VOH efficiency variance ( ASO) SC $ 330 F Now compute the fixed overhead cost and volume variances Select the required formulascompute the fixed overhead cost and volume variances and Identity whether each variance in favorable (F) or untavorable (U). (Abbreviations used. Ac - actual coat. AQ = actual quantity, FOH = fixed overhead, SC = standard cost: S - standard quantity) Formula Variance FOH cost variance FOH volume variance Data table ed th rect $2,268 $30,240 Static budget variable overhead Static budget fixed overhead Static budget direct labor hours Static budget number of units Standard direct labor hours 756 hours 27,000 units 0.028 hours per fender Ind va fixed

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