Neptune Inc. uses a standard cost system and has the following information for the most recent month,
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Question:
Neptune Inc. uses a standard cost system and has the following information for the most recent month, April:
Actual direct labor hours (DLH) worked | 17,000 |
Standard direct labor hours allowed for good output produced in this period | 18,000 |
Actual total factory overhead costs incurred | $45,400 |
Budgeted Fixed Factory Overhead Costs | $10,800 |
Denominator activity level, in direct labor hours (DLH) | 15,000 |
Total factory overhead application rate per standard direct labor hour | $2.70 |
1. Total underapplied or overapplied factory overhead in April for Neptune, Inc. was:
2. The total variance in April factory overhead for Neptune, Inc. was:
3. The April factory overhead production volume variance for Neptune, Inc. was:
4. The Variable Factory Overhead Efficiency Variance for Neptune, Inc. in April was:
5. The total variance of the April factory overhead flexible budget for Neptune, Inc. was:
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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