Crystal Glassware Company Has The Following Standards And Flexible Budget Data Standard Variable Overhead Rate Standard 1 (47.6 KiB) Viewed 11 times
Crystal Glassware Company has the following standards and flexible-budget data. standard variable-overhead rate standard quantity of direct labor Budgeted fixed overhead Budgeted output Actual results for April are as follows: Actual output Actual variable overhead Actual fixed overhead Actual direct labor Required 1 Required 2 $917,280 $331,000 (1) Actual Fixed Overhead $ 19,200 units $380,000 50,400 hours Required: Use the following diagrams below (similar to Exhibit 11-6 and Exhibit 11-8 to compute (1) the variable-overhead spending and efficiency variances, and (2) the fixed-overhead budget and volume variances. 17 per direct-labor hour 2.0 hours per unit of output 29,000 units Complete this question by entering your answers in the tabs below. Favorable Fixed-overhead budget variance Compute the fixed-overhead budget and volume variances. (Round your "per hour" rate answers to 2 decimal places. Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).) Fixed-Overhead Budget And Volume Variances (Hours = Direct-Labor Hours) (2) Budgeted Fixed Overhead Fixed Overhead Applied To Work In Process Standard Allowed Hours hours Unfavorable (3) Fixed-overhead volume variance X Standard Fixed- Overhead Rate per hour
Crystal Glassware Company has the following standards and flexible-budget data. Standard variable-overhead rate standard quantity of direct labor Budgeted fixed overhead Budgeted output Actual results for April are as follows: Actual output Actual variable overhead Actual fixed overhead Actual direct labor Required 1 Required 2 (1) Actual Variable Overhead $917,280 $331,000 Actual Hours (AQ) hours $ Required: Use the following diagrams below (similar to Exhibit 11-6 and Exhibit 11-8 to compute (1) the variable-overhead spending and efficiency varlances, and (2) the fixed-overhead budget and volume variances. 19,200 units Complete this question by entering your answers in the tabs below. $380,000 per hour 17 per direct-labor hour 2.0 hours per unit of output 29,000 units 50,400 hours Compute the variable-overhead spending and efficiency variances. (Round your "per hour" rate answers to 2 decimal places. Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).) Actual Rate (AVR) (2) Projected Variable Overhead Actual Hours (AQ) hours Unfavorable Variable-Overhead Spending And Efficiency Variances (Hours = Direct-Labor Hours) Variable-overhead spending variance X Standard Rate (SVR) per hour Flexible Budget: Variable Overhead Standard Allowed Hours (SQ) hours Unfavorable (3) Variable-overhead efficiency variance < Required 1 Standard Rate (SVR) per hour (4) Variable Overhead Applied To Work-In-Process Required 2 > Standard Allowed Hours (SQ) None hours x Standard Rate (SVR) per hour
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