The following budget data pertain to the Machining Department of Yolkenverst Co.: Maximum capacity 60,000 units...
The following budget data pertain to the Machining Department of Yolkenverst Co.:
| Maximum capacity | 60,000 units |
| Machine hours per unit | 2.50 |
| Variable factory overhead | $3.60 per machine hour |
| Fixed factory overhead | $433,500 |
The company prepared the budget at 85% of the maximum capacity level. The department uses machine hours as the basis for applying standard factory overhead costs to production.
During the year the Machining Department produced 50,000 units, consuming 127,500 machine hours and incurring $433,500 of fixed overhead. For the current year the department has a fixed overhead production volume variance, rounded to the nearest whole dollar, of:
Homework Answers
Solution:
Budgted Hours = 60000*85%* 2.5 = 127,500
Fixed Overhead application rate = $433500 / 127500 = $3.40 per machine hour
Fixed overhead applied = 50000*2.50*$3.40 = $425,000
fixed overhead production volume variance = Applied Fixed Overehad - Budgeted Fixed Overhead
= $425000 - $433500
= $8500 Unfavorable
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The following budget data pertain to the Machining Department of
Yolkenverst Co.:
Maximum capacity
60,000 units...
The following budget data pertain to the Machining Department of Yolkenverst Co.: Maximum capacity Machine hours...
The following budget data pertain to the Machining Department of Yolkenverst Co.: Maximum capacity Machine hours per unit Variable factory overhead Fixed factory overhead 60,000 units 2.50 $ 3.60 per machine hour $433,500 The company prepared the budget at 85% of the maximum capacity level. The department uses machine hours as the basis for applying standard factory overhead costs to production. The budgeted total factory overhead for the Machining Department, rounded to the nearest dollar, is: Multiple Choice $617,100 $875,000....
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The following budget data pertain to the Machining Department of Yolkenverst Co.: Maximum capacity Machine hours per unit Variable factory overhead Fixed factory overhead 60,000 units 2.50 $ 3.60 per machine hour $433,500 The company prepared the budget at 85% of the maximum capacity level. The department uses machine hours as the basis for applying standard factory overhead costs to production. The budgeted total factory overhead for the Machining Department, rounded to the nearest dollar, is: Multiple Choice $617,100 $875,000....
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