Bellingham Company produced 15,000 units of product that required 4 standard direct labor hours per unit. The standard fixed overhead cost per unit is $1.15 per direct labor hour at 58,000 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Q: Titus Company produced 6,500 units of a product that required 4.50 standard hours per unit. The…

A:

Q: Watson Company manufactures a product with a standard direct labor cost of three hours at $20.00 per…

A: The variance is the difference between the actual data and standard output of the production.

Q: The following information describes a company's usage of direct labor in a recent period. The direct…

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

Q: he following information summarizes the standard cost for producing one metal tennis racket frame at…

A: MPV = (Standard Price – Actual Price) x Actual Quantity

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A: Solution 1: Fixed overhead spending variance = Budgeted fixed overhead - Actual fixed overhead =…

Q: Formidable Company collected the following information: Standard costs per unit:   Variable…

A: Variance is the difference between budgeted and actual costs or production, on the basis of which…

Q: The direct labor time variance is

A: Direct labour cost variance: direct labour variance is variance analysis done by the company to know…

Q: Bellingham Company produced 3,300 units of product that required 4.5 standard direct labor hours per…

A: Variance is the measure which is used to determine the difference between the budgeted and the…

Q: Hello Company had P400,000 budgeted fixed overhead costs and based its standard on normal activity…

A: The standard cost represents the estimated amount of cost whereas the actual cost is the costs…

Q: Reed Corp. has set the following standard direct materials and direct labor costs per unit for the…

A: Definition: Direct material variances: The difference between the actual material cost per unit and…

Q: The direct materials quantity variance is

A: Direct material cost variance: direct material variance is variance analysis done by the company to…

Q: Last year, Gladner Company had planned to produce 140,000 units. However, 143,000 units were…

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

Q: Standish Company manufactures consumer products and provided the following information for the month…

A: 1. Fixed overhead spending variance = Budgeted Fixed overhead - Actual Fixed overhead  =…

Q: Ipad Man Inc. has provided the following standard direct labor cost for its product: Standard…

A: Standard rate of labor = P15 per direct labor hour Actual rate of labor = P36,000 / 1800 = P20 per…

Q: Misterio Company uses a standard costing system. During the past quarter, the following variances…

A: Solution: Let standard hours = X Actual hours = X*130% = 1.30X Variable overhead efficiency variance…

Q: Bellingham Company produced 15,000 units of product that required 4 standard direct labor hours per…

A: Controllable variance: It is the difference between the actual overheads incurred and the standard…

Q: The following information relates to manufacturing overhead for Chapman Company: Standards: Total…

A: Variance is the technique which is being used for the purpose of determining the variations in the…

Q: Misterio Company uses a standard costing system. During the past quarter, the following variances…

A: Variable overhead efficiency variance = Standard rate x (Standard Hours - Actual Hours)

Q: Bellingham Company produced 1,900 units of product that required 7.5 standard hours per unit. The…

A: Standard labor overheads required for actual output= 1900 unit x 7.5 hour per unit= 14,250 hours…

Q: A company has a normal capacity of 120 machines, working 8 hrs per day of 25 days in a month. The…

A: Variance:- It occurs when there is a difference between actual performance and Standard Performance.…

Q: Venneman Company produces a product that requires 5 standard pounds per unit. The standard price is…

A: GIVEN DATA   Variances Venneman Company produces a product that requires 5 standard pounds per unit.…

Q: Venneman Company produced 14,000 units of product that required 4 standard hours per unit. The…

A: The fixed overhead volume variance is the difference between the amount of fixed overhead actually…

Q: Misterio Company uses a standard costing system. During the past quarter, the following variances…

A: Excess hours than allowed = Unfavorable Variable overhead efficiency variance / variable overhead…

Q: Misterio Company uses a standard costing system. During the past quarter, the following variances…

A: Let standard labor hours = X Actual labor hours = (1 + 0.30)X = 1.3X Variable overhead efficiency…

Q: The following variances were computed: Fixed overhead spending variance $24,000 U   Variable…

A: Expenditures of running  business that varies with degree of commercial industrial activity are…

Q: The standard costs and actual costs for factory overhead for the manufacture of 2,500 units of…

A: SOLUTION- The Variable factory overhead controllable variance is calculated by the following…

Q: Queen Industries uses a standard costing system in the manufacturing of its single product. It…

A: Direct labor cost variance refers to the variance in actual cost of labor concerning the budgeted…

Q: Superior produced 1,000 units of finished product in 2018. Direct materials cost variance $115 U…

A: In the Standard costing system, a standard or estimated cost is calculated for each item like direct…

Q: What is the total variable overhead variance for March for Harry?

A: Given information is: Harry Company's standard variable overhead rate is $6.00 per direct labor…

Q: Standard and actual costs for direct labor for the manufacture of 1,000 units of product were as…

A: Introduction: Variance analysis is the quantitative examination of the difference between actual and…

Q: Greyson Company produced 8,300 units of product that required 4.25 standard hours per unit.…

A: Given: Units produced =8300 unitsstandard hours per unit =4.25100% of normal capacity=27000…

Q: Quicksand Company has set the following standards for one unit of product: Direct material…

A: Calculation of Material Quantity variance Material Usage variance = (Standard quantity of material…

Q: Todco planned to produce 3,000 units of its single product, Teragram, during November. The standard…

A: In Standard costing system, a standard or estimated cost is calculated for each item like direct…

Q: Feagin  Company’s  actual  variable  overhead  was  $73,000.  Actual  direct labor hours  were…

A: Formulas: Variable overhead spending variance = (standard variable overhead rate - actual variable…

Q: At Laramie, the standard quantity of labor is 26 hours per refrigeration unit. The standard wage…

A: Labor Rate Variance: Calculating the difference between real hours multiplied by the actual rate and…

Q: A manufacturing company is expected to complete a task in 45 minutes.  During a recent accounting…

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

Q: Purvis Manufacturing, which produces a single product, has prepared the following standard cost…

A: The variance is the difference between standard data of production and actual costs incurred for…

Q: standard direct labour cost of Product Z is as follows: Four hours of grade B labour at £3 per hour…

A: The direct labor (DL) variance is that the difference between the total actual direct labor cost and…

Q: The following information summarizes the standard cost for producing one metal tennis racket frame…

A: The question is based on the concept of Cost Accounting. When compared to the industry or setting…

Q: Determine the (a) volume variance, (b) controllable variance, and (c) total factory overhead cost…

A: Solution:- Given, The standard factory overhead rate = $12 per machine hour…

Q: Venneman Company produced 14,000 units of product that required 4 standard hours per unit. The…

A: Factory Overhead volume variance = (Actual hours - Budgeted hours) x  Standard fixed overhead cost

Q: Bellingham Company produced 4,200 units of product that required 2.5 standard direct labor hours per…

A: Fixed factory overhead: The overheads amount remains fixed. It won't varies according to the input…

Q: he data below relate to the month of November for Badong, Inc. which uses a standard cost system:…

A: A standard costing system is a tool used in accounting to create budgets, manage and control…

Q: Misterio Company uses a standard costing system. During the past quarter, the following variances…

A: Solution: Let standard direct labor hours = X Actual labor hours used = X*130% = 1.30 X Variable…

Q: Bellingham Company produced 15,000 units of product that required 4 standard direct labor hours per…

A: Variable factory overhead controllable variances:   The difference between the actual variable…

Q: Titus Company produced 6,800 units of a product that required 3 standard hours per unit. The…

A: Fixed overhead volume variance = Absorbed fixed overhead - Budgeted fixed overhead If the absorbed…

Q: What is the direct labor rate variance? What is the direct labor time variance?

A: Variance analysis is the analysis of actual and budgeted figures of production and related…

Q: Myers Corporation has the following data related to direct materials costs for November: actual…

A: Direct  Material quantity variance = (Actual quantity used - Standard quantity allowed)*Standard…

Q: Dvorak Company produced 3,500 units of product that required 1.5 standard hours per unit. The…

A: Fixed overhead volume variance is the amount of fixed overhead actually incurred over and above the…

Q: Javonte Co. set standards of 3 hours of direct labor per unit of product and $15 per hour for the…

A: Given the following information: Standard direct labor hour per unit: 3 hours Standard labor rate:…