A manufacturing company that has only one product hasestablished the following standards for its variable manufacturingoverhead. Variable manufacturing overhead standards are based onmachine-hours.
Standard hours per unit of output 4.20 machine-hours Standard variableoverhead rate $11.55 per machine-hour
The following data pertain tooperations for the last month:
Actual hours 8,600 machine-hours Actual totalvariable manufacturing overhead cost $95,890 Actual output 1,900 units
What is the variable overheadefficiency variance for the month?
A manufacturing company that has only one product hasestablished the following standards for its variable manufacturingoverhead. Variable manufacturing overhead standards are based onmachine-hours. |
| Standard hours per unit of output | 4.20 | machine-hours |
| Standard variableoverhead rate | $11.55 | per machine-hour |
| The following data pertain tooperations for the last month: |
| Actual hours | 8,600 | machine-hours |
| Actual totalvariable manufacturing overhead cost | $95,890 | |
| Actual output | 1,900 | units |
| What is the variable overheadefficiency variance for the month? |
Related questions
| A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. Variable manufacturing overhead standards are based on machine-hours. |
| Standard hours per unit of output | 2.90 | machine-hours |
| Standard variable overhead rate | $10.65 | per machine-hour |
| The following data pertain to operations for the last month: |
| Actual hours | 9,700 | machine-hours |
| Actual total variable manufacturing overhead cost | $95,750 | |
| Actual output | 2,400 | units |
| What is the variable overhead rate variance for the month? |
$7,555 F
$7,836 F
$7,555 U
$7,836 U
17 A manufacturing company that has only one product hasestablished the following standards for its variable manufacturingoverhead. Variable manufacturing overhead standards are based onmachine-hours. |
Standard hours per unit of output | 3.90 | machine-hours |
Standard variable overhead rate | $11.25 | per machine-hour |
The following data pertain to operations for the last month: |
Actual hours | 8,800 | machine-hours |
Actual total variable manufacturing overheadcost | $95,850 | |
Actual output | 2,200 | units |
What is the variable overhead efficiency variance for themonth? |
$2,692 U
$7,513 F
$2,475 U
$7,513 U
18 The following materials standards have been established for aparticular product: |
Standard quantity per unit of output | 4.9 | grams |
Standard price | $12.00 | per grams |
The following data pertain to operations concerning the productfor the last month: |
Actual materials purchased | 3,800 | grams |
Actual cost of materials purchased | $ 44,270 | |
Actual materials used in production | 3,100 | grams |
Actual output | 570 | units |
The direct materials purchases variance is computed when thematerials are purchased. |
Required: | |
a. | What is the materials price variance for the month?(Input the amount as a positive value. Leave no cells blank- be certain to enter "0" wherever required. Indicate the effect ofeach variance by selecting "F" for favorable, "U" for unfavorable,and "None" for no effect (i.e., zero variance.) |
Materials Price Variance_______________
b. | What is the materials quantity variance for the month?(Input the amount a as positive value. Leave no cells blank- be certain to enter "0" wherever required. Indicate the effect ofeach variance by selecting "F" for favorable, "U" for unfavorable,and "None" for no effect (i.e., zero variance.) |
Materials quantity variance____________
