Mosaic Company Applies Overhead Using Machine Nours And Reports The Following Information Actual Machine Hours Used Ah 1 (34.31 KiB) Viewed 26 times
Mosaic Company Applies Overhead Using Machine Nours And Reports The Following Information Actual Machine Hours Used Ah 2 (27.61 KiB) Viewed 26 times
Mosaic Company applies overhead using machine nours and reports the following information. Actual machine hours used (AH) Standard machine hours (for actual production) (SH) Actual variable overhead rate per hour (AVR) Standard variable overhead rate per hour (SVR) AH Compute the variable overhead spending variance and the variable overhead efficiency variance and classify each as favorable of unfavorable. Actual Cost X- X Vanable overhead spending variance Vanable overhead efficiency variance Total variable overhead cost variance AVR 0 0 0 S AH 0 0 Flexible Budget ✔ X X Answer is not complete. 4,700 hours 5,000 hours 54.15 $4.00 Favorable Favorable < Prev SVR 00 4 of 7 # *** SH Next > Standard Cost X SVR Return to question
Actual direct labor hours used (1) rate per hour (AK) Actual direct labor Standard direct labor rate per hour (SR) Standard direct labor hours for units produced (SH) AH AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate Compute the direct labor rate and efficiency variances for the period and classify each as favorable, unfavorable or no variance. Actual Cost x X $ 975,000 65,000 Direct labor rate variance Direct labor efficency variance Total direct labor variance AR $15.00 $05,000 000 Os 65,000 15 14 67,000 AH 65,000 S S • Answer is not complete. X x $ 910,000 65.000 28,000 Favorable Unfavorable Unfavorable SRO $14.00✔ 0 0 0 $28.000 Standard Cost SHO 67,000 $938,000 SR $14.00 eturm to question
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