Vath Corporation, which makes landing gears, has provided the following data for a recent month: Budgeted production
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Question:
Vath Corporation, which makes landing gears, has provided the following data for a recent month:
Budgeted production | 9,300 | gears |
Standard machine-hours per gear | 4.0 | machine-hours |
Budgeted supplies cost | $3.00 | per machine-hour |
Actual production | 9,870 | gears |
Actual machine-hours | 39,542 | machine-hours |
Actual supplies cost (total) | $111,045 | |
Required:
Determine the rate and efficiency variances for the variable overhead item supplies and indicate whether those variables are favorable or unfavorable.
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Related Book For
Cost Management Measuring, Monitoring and Motivating Performance
ISBN: 978-1119185697
3rd Canadian edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott, Liang Hsuan Chen, Gail Cook
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