Q.1. Schneider manufacturing company has following information for March 2019. Budgeted FOH for 10,000 hours $ 30,000

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Q.1. Schneider manufacturing company has following information for March 2019.

Budgeted FOH for 10,000 hours $ 30,000

Budgeted FOH for 16,000 hours $ 42,000

FOH applied rate for $ 3 per hour

Actual hours worked 15,000 hours

Actual Factory overhead $ 44,000

Required: (10)

1. Determine the fixed portion of the factory overhead application rate.

2. Determine the Variable portion of the factory overhead application rate

3. Determine the Spending and Idle capacity variance

4. Is factory overhead for March is over or under applied, and by how much

Related Book For answer-question

Management Accounting

ISBN: 9780077185534

6th Edition

Authors: Will Seal, Carsten Rohde, Ray Garrison, Eric Noreen

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Posted Date: May 14, 2024 03:06 PM

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Q.1. Schneider manufacturing company has following information for March 2019. Budgeted FOH for 10,000 hours $ 30,000

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1 To determine the fixed portion of the factory overhead application rate we need to find the difference in budgeted factory overhead for the two leve... View the full answer

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