A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company bases its variable manufacturing overhead standards on direct labor-hours.
The following data pertain to operations for the last month:
What is the variable overhead efficiency variance for the month?
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?
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.)
