Lack of enough sales orders to keep a factory operating at normal capacity results in an...
Lack of enough sales orders to keep a factory operating at normal capacity results in an unfavorable:
a.budgeted variable factory overhead variance.
b.fixed factory overhead controllable variance.
c.direct materials quantity variance.
d.fixed factory overhead volume variance.
Homework Answers
Answer : Option D ( fixed factory overhead volume variance.)
Lack of enough sales orders to keep a factory operating at normal capacity results in an fixed factory overhead volume variance.
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Lack of enough sales orders to keep a factory operating at
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Factory Overhead Variance Corrections The data related to Shunda Enterprises Inc.'s factory overh...
Factory Overhead Variance Corrections The data related to Shunda Enterprises Inc.'s factory overhead cost for the production of 50,000 units of product are as follows: Actual: Variable factory overhead Fixed factory overhead 76,000 hrs. at $7 ($4.10 for variable factory overhead) $308,500 220,200 532,000 Standard: Productive capacity at 100% of normal was 75,100 hours, and the factory overhead cost budgeted at the level of 76,000 standard hours was $528,800. Based on these data the chief cost accountant prepared the following...
Direct materials Direct labor Factory overhead Actual Costs 9,800 lb. at $5.60 1,940 hrs. at $16.90...
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Direct Materials and Direct Labor, Variance Analysis; Factory Overhead Cost Variance Analysis Route 66 Tire Co....
Direct Materials and Direct Labor, Variance Analysis; Factory Overhead Cost Variance Analysis Route 66 Tire Co. manufactures automobile tires. Standard costs and actual costs for direct materials, direct labor, and factory overhead Incurred for the manufacture of 7,200 tires were as follows: Standard Costs Actual Costs Direct materials 9,400 lbs. at $5.50 9,300 lbs. at $5.40 Direct labor 1,800 hrs. at $17.60 1,840 hrs. at $17.90 Factory overhead Rates per direct labor hr. based on 100% of normal capacity of...
Direct Materials and Direct Labor, Variance Analysis; Factory Overhead Cost Variance Analysis Route 66 Tire Co....
Direct Materials and Direct Labor, Variance Analysis; Factory Overhead Cost Variance Analysis Route 66 Tire Co. manufactures automobile tires. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 7,200 tires were as follows: Standard Costs Actual Costs 9,300 lbs. at $5.40 Direct materials 9,400 lbs. at $5.50 1,800 hrs. at $17.60 1,840 hrs. at $17.90 Direct labor Factory overhead Rates per direct labor hr., based on 100% of normal capacity of...
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Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 5,200 units of product were as follows: Standard Costs Actual Costs Direct materials 6,800 lb. at $4.60 6,700 lb. at $4.40 Direct labor 1,300 hrs. at $18.10 1,330 hrs. at $18.50 Factory overhead Rates per direct labor hr., based on 100% of normal capacity...
Factory Overhead Cost Variance Report Tannin Products Inc. prepared the following factory overhead cost budget for...
Factory Overhead Cost Variance Report
Tannin Products Inc. prepared the following factory overhead
cost budget for the Trim Department for July of the current year,
during which it expected to use 14,000 hours for production:
Variable overhead costs:
Indirect factory labor
$47,600
Power and light
10,360
Indirect materials
15,400
Total variable overhead cost
$73,360
Fixed overhead costs:
Supervisory salaries
$56,430
Depreciation of plant and equipment
14,850
Insurance and property taxes
27,720
Total fixed overhead cost
99,000
Total factory overhead cost...
Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical...
Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufactu of 6,800 units of product were as follows: Standard Costs Actual Costs Direct materials 8,800 lb. at $4.80 8,700 lb. at $4.70 1,700 hrs. at $16.10 1,740 hrs. at $16.50 Direct labor Factory overhead Rates per direct labor hr., based on 100% of normal capacity...
Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of...
Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 6,000 computers: Actual: Variable factory overhead $170,200 Fixed factory overhead 57,500 Standard: 6,000 hrs. at $35 210,000 If productive capacity of 100% was 10,000 hours and the total factory overhead cost budgeted at the level of 6,000 standard hours was $233,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate...
The data related to Shunda Enterprises Inc.’s factory overhead cost for the production of 50,000 units...
The data related to Shunda Enterprises Inc.’s factory overhead cost for the production of 50,000 units of product are as follows: Actual: Variable factory overhead $263,300 Fixed factory overhead 188,800 Standard: 76,000 hrs. at $6 ($3.50 for variable factory overhead) 456,000 Productive capacity at 100% of normal was 75,000 hours, and the factory overhead cost budgeted at the level of 76,000 standard hours was $453,300. Based on these data, the chief cost accountant prepared the following variance analysis: Variable factory...
Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical...
Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 6,400 units of product were as follows: Standard Costs Actual Costs 8,200 lb. at $5.70 1,640 hrs. at $16.90 Direct materials 8,300 lb. at $5.80 Direct labor 1,600 hrs. at $16.50 Factory overhead Rates per direct labor hr., based on 100% of normal capacity...
Factory Overhead Variance Corrections The data related to Shunda Enterprises Inc.'s factory overhead cost for the production of 50,000 units of product are as follows: Actual: Variable factory overhead Fixed factory overhead 76,000 hrs. at $7 ($4.10 for variable factory overhead) $308,500 220,200 532,000 Standard: Productive capacity at 100% of normal was 75,100 hours, and the factory overhead cost budgeted at the level of 76,000 standard hours was $528,800. Based on these data the chief cost accountant prepared the following...
Direct materials Direct labor Factory overhead Actual Costs 9,800 lb. at $5.60 1,940 hrs. at $16.90 Standard Costs 9,900 lb. at $5.70 1,900 hrs. at $16.70 Rates per direct labor hr., based on 100% of normal capacity of 1,980 direct labor hrs.: Variable cost, $4.30 $8,090 variable cost $13,464 fixed cost Fixed cost, $6.80 Each unit requires 0.25 hour of direct labor. Required: a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance,...
Direct Materials and Direct Labor, Variance Analysis; Factory Overhead Cost Variance Analysis Route 66 Tire Co. manufactures automobile tires. Standard costs and actual costs for direct materials, direct labor, and factory overhead Incurred for the manufacture of 7,200 tires were as follows: Standard Costs Actual Costs Direct materials 9,400 lbs. at $5.50 9,300 lbs. at $5.40 Direct labor 1,800 hrs. at $17.60 1,840 hrs. at $17.90 Factory overhead Rates per direct labor hr. based on 100% of normal capacity of...
Direct Materials and Direct Labor, Variance Analysis; Factory Overhead Cost Variance Analysis Route 66 Tire Co. manufactures automobile tires. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 7,200 tires were as follows: Standard Costs Actual Costs 9,300 lbs. at $5.40 Direct materials 9,400 lbs. at $5.50 1,800 hrs. at $17.60 1,840 hrs. at $17.90 Direct labor Factory overhead Rates per direct labor hr., based on 100% of normal capacity of...
Factory Overhead Cost Variance Report
Tannin Products Inc. prepared the following factory overhead
cost budget for the Trim Department for July of the current year,
during which it expected to use 14,000 hours for production:
Variable overhead costs:
Indirect factory labor
$47,600
Power and light
10,360
Indirect materials
15,400
Total variable overhead cost
$73,360
Fixed overhead costs:
Supervisory salaries
$56,430
Depreciation of plant and equipment
14,850
Insurance and property taxes
27,720
Total fixed overhead cost
99,000
Total factory overhead cost...
Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufactu of 6,800 units of product were as follows: Standard Costs Actual Costs Direct materials 8,800 lb. at $4.80 8,700 lb. at $4.70 1,700 hrs. at $16.10 1,740 hrs. at $16.50 Direct labor Factory overhead Rates per direct labor hr., based on 100% of normal capacity...
Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 6,000 computers: Actual: Variable factory overhead $170,200 Fixed factory overhead 57,500 Standard: 6,000 hrs. at $35 210,000 If productive capacity of 100% was 10,000 hours and the total factory overhead cost budgeted at the level of 6,000 standard hours was $233,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate...
Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 6,400 units of product were as follows: Standard Costs Actual Costs 8,200 lb. at $5.70 1,640 hrs. at $16.90 Direct materials 8,300 lb. at $5.80 Direct labor 1,600 hrs. at $16.50 Factory overhead Rates per direct labor hr., based on 100% of normal capacity...
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