Question

If the $9 per hour overhead rate in Question 12 includes $5 variable, and actual overhead...

If the $9 per hour overhead rate in Question 12 includes $5 variable, and actual overhead costs were $248,000, what is the overhead controllable variance for June? The normal capacity hours were 28,000. Is the variance favorable or unfavorable?

Do not need info from question 12 to answer this question as this is the only information I have, never had a question 12 with the assignment.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Overhead Fixed Cost= Overhead cost per hour-Variable overhead cost per hour

= $9- $5

= $4

Total Fixed Overhead cost = No of Hours * Overhead Fixed Cost per hour

= 28000hours * $ 4

= $112,000

Total variable overhead cost= Total overhead cost-Total Fixed overhead cost

= $248,000-$112,000

= $136,000

Variable overhead cost per hour = Total variable overhead cost/ No of hours

= $136,000/28000

= $4.85

overhead controllable variable= Variable overhead cost variance

Standard variable overhead cost= Total no of hours * Standard Cost

= $28000* $5

= $140,000

Variance= Standard Cost- Actual Cost

= $28000*5- $28000*4.85

= $4000

This is favourable for the company.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
20. Flapjack Corporation had 8,002 actual direct labor hours at an actual rate of $12.00 per...
20. Flapjack Corporation had 8,002 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 994 units were actually produced. Labor standards were 7.6 hours per completed unit at a standard rate of $12.86 per hour. The direct labor rate variance is a.$6,881.72 unfavorable b.$6,881.72 favorable c.$5,577.18 unfavorable d.$5,577.18 favorable 21. Flapjack Corporation had 7,768 actual direct labor hours at an actual rate of $12.08 per hour. Original...
The following data relate to factory overhead cost for the production of 8,000 computers: Actual: Variable...
The following data relate to factory overhead cost for the production of 8,000 computers: Actual: Variable factory overhead $223,100 Fixed factory overhead 94,250 Standard: 8,000 hrs. at $36 288,000 If productive capacity of 100% was 13,000 hours and the total factory overhead cost budgeted at the level of 8,000 standard hours was $324,250, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $7.25 per hour....
The following data relate to factory overhead cost for the production of 15,000 computers: Actual: Variable...
The following data relate to factory overhead cost for the production of 15,000 computers: Actual: Variable factory overhead $240,000 Fixed factory overhead 160,000 Standard: 19,500 hrs. at $20 390,000 If productive capacity of 100% was 20,000 hours and the total factory overhead cost budgeted at the level of 19,500 standard hours was $394,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $8.00 per hour....
The following data relate to factory overhead cost for the production of 5,000 computers: Actual: Variable...
The following data relate to factory overhead cost for the production of 5,000 computers: Actual: Variable factory overhead $141,900 Fixed factory overhead 46,000 Standard: 5,000 hrs. at $35 175,000 If productive capacity of 100% was 8,000 hours and the total factory overhead cost budgeted at the level of 5,000 standard hours was $192,250, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and totalfactory overhead cost variance. The fixed factory overhead rate was $5.75 per hour. Enter...
Direct Materials, Direct Labor, and Reports budgeted and actual costs for variable and fixed factory overhead...
Direct Materials, Direct Labor, and Reports budgeted and actual costs for variable and fixed factory overhead along with the related controllable and volume variances.Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. A detailed estimate of what a product should cost.Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 6,800 units of product were as follows: Standard Costs Actual Costs Direct materials 8,800 lb. at $4.90 8,700...
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 5,000 computers: Actual: Variable factory overhead $104,300 Fixed factory overhead 28,000 Standard: 5,000 hrs. at $25 125,000 If productive capacity of 100% was 8,000 hours and the total factory overhead cost budgeted at the level of 5,000 standard hours was $135,500, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate...
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 7,000 computers: Actual: Variable factory overhead $98,500 Fixed factory overhead 38,500 Standard: 7,000 hrs. at $18 126,000 If productive capacity of 100% was 11,000 hours and the factory overhead cost budgeted at the level of 7,000 standard hours was $140,000, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was...
actory Overhead Cost Variances The following data relate to factory overhead cost for the production of...
actory Overhead Cost Variances The following data relate to factory overhead cost for the production of 4,000 computers: Actual: Variable factory overhead $90,200 Fixed factory overhead 34,500 Standard: 4,000 hrs. at $29 116,000 If productive capacity of 100% was 6,000 hours and the total factory overhead cost budgeted at the level of 4,000 standard hours was $127,500, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate...
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 3,000 computers: Actual: Variable factory overhead $122,200 Fixed factory overhead 35,000 Standard: 3,000 hrs. at $49 147,000 If productive capacity of 100% was 5,000 hours and the total factory overhead cost budgeted at the level of 3,000 standard hours was $161,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate...
The standard costs and actual costs for factory overhead for the manufacture of 2,800 units of...
The standard costs and actual costs for factory overhead for the manufacture of 2,800 units of actual production are as follows: Standard Costs Fixed overhead (based on 10,000 hours) 3 hours per unit @ $0.78 per hour Variable overhead 3 hours per unit @ $1.91 per hour Actual Costs     Total variable cost, $17,800     Total fixed cost, $8,100 The variable factory overhead controllable variance is a.$1,756 favorable b.$1,756 unfavorable c.$1,405 favorable d.$0
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT