Homework Answers
Requirement-1
Variable Overhead allocated to production = 42400 * 0.60 = 25440
Fixed Overhead allocated to production = 42400 * 16.20 = 686880
Requirement-2
Variable MOH rate variance = AH ( AR - SR)
= 42400 ( [668040-632000]/42400- 0.60)
= 42400 ( 0.85 - .0.60)
= 10600 Unfavourable (U)
It indicates that per rate efficency is not achieved.
Variable MOH efficency variance = SR ( AH - SH)
= 0.60 ( 42400 - 164000*1/4)
= 840 Umfavorable (U)
This hints to the managers that an efficency is not acquired in the variable cost control.
Requirement - 3
Fixed MOH Budget Variance = Budgeted Fixed MOH - Actual Fixed MOH
= 625000 - 632000
= 7000 Unfavourable (U)
It hints to the managers that unplanned fixed expenditure are met by the firm.
Fixed MOH Volume Variance = Actual Output * Standard Rate - Budgeted Fixed MOH
= 42400 * 16.20 - 625000
= 686880 - 625000
= 61880 Unavourable (F)
This hints that volume of fixed variance is increased considerably.
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Data table provided
Positive rating awarded upon completion thank you
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Data table provided
Positive rating awarded upon completion thank you
0 More Info The company allocates manufacturing overhead based on direct labor hours. Martin has budgeted fixed manufacturing overhead for the year to be $627,000 The predetermined fixed manufacturing overhead rate is $16.20 per direct labor hour, while the standard variable manufacturing overhead rate is $0.80 per direct labor hour. The direct labor standard for each case is one-quarter (0.25) of an hour The company actually processed 160,000 cases of...
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i Standard Price and Volume Direct materials (resin) 12 pounds per pot at a cost of $3.00 per pound 2.0 hours at a cost of $15.00 per hour Direct labor Standard variable manufacturing overhead rate $3.00 per direct labor hour Budgeted fixed manufacturing overhead $27,400 $8.00 per direct labor hour (DLH) Standard fixed MOH rate - X Actual Results Ceramics Etc. allocated fixed...
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help asap please
Actual cost and operating data from the most recent month are as follows: EE (Click the loon to view the actual rosults) All manufacturing overhead is allocated on the basis of direct labor hours Pratt Awning manufactures awnings and uses a standard cost systom. The company allocatos overhoed based on the number of direct labor hours. The following are the company's cost and standards data: Read the requirements Requirement 1. Caloulate the standard cost of one awning...
Purchased 41,800 yards at a total cost of $434,720 Used 38,800 yards in producing 1,900 awnings Actual direct labor cost of $67,100 for a total of 5,500 hours Actual variable MOH $22,550 Actual fixed MOH $47,800 Standards: Direct materials 21.0 yards per awning at $11.00 per yard Direct labor 3.0 hours per awning at $12.00 per hour Variable MOH standard rate $4.00 per direct labor hour Predetermined fixed MOH standard rate $8.00 per direct labor hour Total budgeted fixed MOH...
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