Question: i need help with this problem 1&2 please SB (Algo) Patel and Sons ... [The following information applies to the questions displayed below] Patel and
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SB (Algo) Patel and Sons ... [The following information applies to the questions displayed below] Patel and Sons inc. uses a standard cost system to apply factory overhead costs to units produced. Practical capacity for the plant is defined as 52,500 machine hours per year, which represents 26,250 units of output. Annual budgeted fixed factory overhead costs are $262,500 and the budgeted variable factory overhead cost rate is $2.80 per unit. Factory overhead costs are applied on the basis of standard machine hours allowed for units produced. Budgeted and actual output for the year was 19,800 units, which took 41,500 machine hours. Actual fixed factory overhead costs for the year amounted to $254,900 while the actual variable overhead cost per unit was $2.70. Brief Exercise 15-16 (Algo) Given this information, what was (a) the fixed overhead... [LO 15-2] Based on the information provided above, what was (o) the fixed overhead spending (budget) variance for the year, and (b) the production volume variance for the year? Indicate whether each variance was favorable (F) or unfavorable (U), (Do not round intermediate calculations. Round final answers to the nearest whole dollar amount.) SB (Algo) Patel and Sons ... [The following information applies to the questions displayed below] Patel and Sons inc. uses a standard cost system to apply factory overhead costs to units produced, Practical capacity for the plant is defined as 52,500 machine hours per year, which represents 26,250 units of output. Annual budgeted fixed factory overhead costs are $262,500 and the budgeted variable factory overhead cost rate is $2.80 per unit. Factory overhead costs are applied on the basis of standard machine hours allowed for units produced, Budgeted and actual output for the year was 19,800 units, which took 41,500 machine hours. Actual fixed factory overhead costs for the year amounted to $254,900 while the actual variable overhead cost per unit was $2.70. Brief Exercise 15-17. (Algo) Given this information, what was (a) the variable overhead.... [LO 15-2] Based on the information provided above, what was (a) the variable overhead spending variance for the year, and (b) the variable overhead efficiency variance for the year? Indicate whether each variance was favorable (F) or unfavorable (U). (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)
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