A manufacturing company that has only one product has established the following standards for Its varlable manufacturing overhead. The company bases Its varlable manufacturing overhead standards on direct labor-hours. 3. 20 direct 1labor-hours Standard hours per unit of output Standard variable overhead rate $10.55 per direct labor-hour The follawing data pertain to operations for the last month: Actual direct labor-hours 9,400 direct labor-hours $ 95,780 Actual total variable manufacturing overhead cost Actual output 2,700 units What is the veariable overhesd efficlency veriance for the month? Multiple Choic $4.272 U $7.573 $7.573U

Q: Puvo, Inc, manufactures a single product in which variable manufacturing overhead is assigned on the…

A: Cost accounting is beneficial since it can demonstrate where a corporation spends money, earns…

Q: Puvo, Incorporated, manufactures a single product in which variable manufacturing overhead is…

A: To calculate: Variable overhead rate variance   Standard rate = $8.50 per hour Actual rate = $14,061…

Q: tion is available for the year just ended:Standard variable-overhead rate per hour: $2.50Standard…

A: Given : Standard Variable-overhead rate per hour $2.50 Standard fixed-overhead rate per hour $4.00…

Q: Norwall Company’s variable manufacturing overhead should be $3.00 per standard machine-hour and…

A: Predetermined overhead rate:   Predetermined overhead rate is a measure used to allocate the…

Q: Assume that a company uses a standard cost system and applies overhead to production based on direct…

A: Standard costing is a very important technique in setting out budgets for the all the costs and…

Q: Luthan Company uses a plantwide predetermined overhead rate of $23.40 per direct labor-hour. This…

A: Overhead cost is the cost that is related to the business but it did not include direct cost related…

Q: Calculate the total variable overhead cost and total fixed overhead cost variance, indicating the…

A: Variable overhead cost variance = Standard cost - Actual cost Variable overhead Spending variance =…

Q: 1. Still using the data for Bless, Inc., the labor efficiency variance for March should be?  2.…

A: Labor time variance = (Standard hours allowed - Actual hours worked)*Standard rate per hour Variable…

Q: Camm Corporation has two manufacturing departments--Forming and Assembly. The company used the…

A: Estimated fixed manufacturing overhead cost per MH = $4,600 / 2,000 = $2.30

Q: Puvo, Incorporated, manufactures a single product in which variable manufacturing overhead is…

A: working notes:  VARIABLE OVERHEAD EFFICIENCY VARIANCE: formula = (Standard  HOUR -ACTUAL…

Q: Verst Products Co. uses a process cost system and applies actual factory overhead to work in process…

A: Fixed factory overhead per unit = Fixed factory overhead / Units produced = 60000/25000 = $2.4 per…

Q: October Inc. manufactures a single product in which variable manufacturing overhead is assigned on…

A: This Numerical has covered the concept of Variance Analysis.

Q: A company uses a standard costing system and applies overhead to production based on direct…

A: Standard costing means where standard is set for various cost element and actual cost is then…

Q: Maxwell Company uses a standard cost accounting system and applies production overhead to products…

A: The question is based on the concept of Cost Accounting.

Q: manufacturing company that has only one product has established the following standards for its…

A: Answer -  Variable overhead rate variance =  (SVOHR - AVOHR) * ALH.   Alternatively, The computation…

Q: Assume that a company uses a standard cost system and applies overhead to production based on direct…

A: Standard hours per unit: 2 Hours Standard rate: $6.00 Standard cost: $12.00 Actual Fixed overhead…

Q: Maxwell Company uses a standard cost accounting system and applies production overhead to products…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Brothern Corporation bases its predetermined overhead rate on the estimated machine-hours for the…

A:

Q: variable factory overhead is $7 per hour ($84,000/12,000 hrs.). Martin’s labor standards allow 0.5…

A: Variance is the amount of variation of actual results from the standard or expected results.…

Q: Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on…

A: Variable overhead rate variance is  calculated by multiply the actual labor hours incurred with the…

Q: Puvd, Inc manulactures a single product in which variable manufacturing overhead is assigned on the…

A: Material quantity variance is the difference in actual material costs and budgeted material costs…

Q: Martin Manufacturing applies factory overhead to products using direct labor hours. To calculate a…

A: Production Overheads: All the indirect charges which are incurred throughout the process of…

Q: Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on…

A: The variable overhead rate variance is calculated by deducting the actual variable overhead cost…

Q: Maxwell Company uses a standard cost accounting system and applies production overhead to products…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: ABC Inc. uses a plantwide predetermined overhead rate of $22.30 per direct labor-hour. The…

A: Manufacturing Overhead costs includes all the indirect costs in manufacturing the product in the…

Q: Bless Inc. manufactures a single product in which variable manufacturing overhead is assigned on the…

A: Material price variance = (Actual price per pound - Standard price per pound)*Actual quantity…

Q: Flandro Company uses a standard cost system and sets predetermined overhead rates on the basis of…

A:

Q: Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on…

A: Labor Efficiency Variance:-It is the difference between the actual hours taken for producing goods…

Q: Fluegge Incorporated has provided the following data concerning one of the products in its standard…

A: The raw materials variance is calculated as difference between standard price and actual price…

Q: Karvel Corporation uses machine hours as the basis for allocating manufacturing overhead costs to…

A: Predetermined overhead: =Estimated overhead/ Estimated machine hours Over or under applied: =Actual…

Q: Adom Company uses a standard cost system for its production process and applies overhead based on…

A: given that, Budgeted variable overhead = GH¢21875 Budgeted fixed overhead = GH¢38750   actually…

Q: Blerce Corporation has two manufacturing departments-Machining and Finishing. The company used the…

A: (A).  If Company uses Plantwide predefined manufacturing Overhead based on Machine hours, then…

Q: A manufacturing company that has only one product has established the following standards for its…

A: Variable cost is the cost that varies with the change in output. Whereas, the fixed cost is the cost…

Q: Your Company uses a predetermined overhead rate in applying overhead to production orders on a labor…

A: The main duty of the cost accountant will be to assign the overhead cost to the products. While…

Q: Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on…

A:

Q: Baehr Company is a manufacturing company with a fiscal year that runs from July 1 to June 30. The…

A: Job-order costing is adopted by a company if it produces several products which are heterogeneous.

Q: Assume that a company uses a standard cost system and applies overhead to production based on direct…

A: Actual units = 24,190 Standard ghours per unit = 2 Standard rate per hour = $6.00

Q: Overhead information for Cran-Mar Company for October follows:           Total factory overhead…

A: At the point when the actual cost contrasts from the standard cost, it is called variance. In the…

Q: overhead is applied to products on the basis of direct labor-hours. Standard Price or Standard…

A: Formula: Variable Overhead Rate Variance=Standard Rate-Actual Rate×Actual Quantity Variable Overhead…

Q: Dirickson Incorporated has provided the following data concerning one of the products in its…

A: The variation between actual results and the budget or standard is referred as variance.

Q: Compute the fixed portion of the predetermined overhead rate for the year. Compute the fixed…

A: Given that: Total budgeted fixed overhead cost for the year $300,000 Budgeted standard direct…

Q: Bless Inc. manufactures a single product in which variable manufacturing overhead is assigned on the…

A: Material price variance = (Actual price per pound - Standard price per pound)*Actual quantity…

Q: Fairchild, Inc., manufactures two products, Regular and Deluxe, and applies overhead on the basis of…

A: Answer A Pool rate used for order processing =Order processingOrder processed=$254000$500=$508 per…

Q: Bless Inc. manufactures a single product in which variable manufacturing overhead is assigned on the…

A: Labor efficiency variance = (Standard hours allowed - Actual hours worked)*Standard rate per hour…

Q: The Lincoln Company uses predetermined overhead rates to apply manufacturing overhead to jobs. The…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…