Warner Co. has budgeted fixed overhead of $431,200. Practical capacity is 9,800 units, and budgeted production is 6,900
Posted: Sun Jul 03, 2022 4:13 pm
Jupiter Co. applies overhead based on direct labor hours. The variable overhead standard is 23 hours at $31 per hour. During February, Jupiter Co. spent $283,400 for variable overhead. 9,100 labor hours were used to produce 400 units. What is the over- or underapplied variable overhead? Multiple Choice $3,600 underapplied $3,600 overapplied $1,800 overapplied $3,300 overapplied
Exeter has a materials standard of 1 pound per unit of output. Each pound has a standard price of $26 per pound. During July, Exeter paid $141,000 for 5,040 pounds, which it used to produce 4,750 units. What is the direct materials price variance? Multiple Choice $9,960 unfavorable $26,560 unfavorable O $9.060 favorable $17,500 unfavorable)