Question: The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output 4.5 hours

The following standards for variable overhead have been established for a company that makes only one product:

Standard hours per unit of output 4.5 hours
Standard variable overhead rate $ 16.00 per hour

The following data pertain to operations for the last month:

Actual hours 8,200 hours
Actual total variable overhead cost $ 125,000
Actual output 1,810 units

Required:

a. What is the variable overhead rate variance for the month?

b. What is the variable overhead efficiency variance for the month?

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!

Q:

Saalfrank Corporation is considering two alternatives that are code-named M and N. Costs associated with the alternatives are listed below: Supplies costs Assembly costs Power costs Inspection costs...

Q:

14. value: 6.25 points The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output 6.3 hours Standard variable...

Q:

The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output 5.6 hours Standard variable overhead rate $14.00 per...

Q:

The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output Standard variable overhead rate 5.5 hours $14.00 per...

Q:

7. Dybala Corporation's produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Selling price $180 100% Variable expenses 90 50% Contribution margin...

Q:

The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output 4.5 hours Standard variable overhead rate $ 16.00 per...

Q:

19. The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output 4.4 hours Standard variable overhead rate $16.00...

Q:

16. Cox Company's direct material costs for the month of Januarv were as follows: Actual quantity purchased Actual unit purchase price Materials price variance-unfavorable 18,000 kilograms S3.60 per...

Q:

Ray Company provided the following excerpts from its Production Department's flexible budget performance report. Required: Complete the Production Department's Flexible Budget Performance Report....

Q:

The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output 6.1 hours Standard variable overhead rate $14.00 per...

Q:

1)A 0.500 L hydrochloric acid (HCI) solution, which has a density of 1.10 g/mL, contains 36% HCl by mass. Calculate the mole fraction of HC1. 2) A solution containing equal masses of NaCl and water...

Q:

Given matrix A= Matrix D are 2 2 and its eigenvectors v = [] and v = [] Then matrix P and 1 3

Q:

Which agency issues pronouncements that are guidelines for accounting practice? Question content area bottom Part 1 A . IRS B . GAAP C . SEC D . FASB

Q:

The first scenario will be a Verbal Judo scenario in which your scenario follows the standard Verbal Judo interaction: You need to ask somebody to modify their behavior either to do something or to...

Q:

Describe the seven standard parts of a letter.

Q:

Explain how to develop effective Internet-based messages.

Q:

Identify the advantages and disadvantages of written messages.