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Social ScienceCorporation uses a standard costing system in which variable manufacturing overhead is assigned to productione basis of the number of machine hours. The following data pertain to one month's operations:Standard machine hours allowed for actual production:Actual machine hours for the month:3,550 MH4,000 MH80,000Actual variable manufacturing overhead costs incurred:Variable overhead spending variance:5,450 Unfavorable9 What is variable overhead rate variance?A. $9,450.00 unfavorableB. $Act HoursActual HoursStratt9,450.00 favorablest RateAclual Rate4,000.00 unfavorable3,550K 214/000 mhX 21D$4,000.00 favorableE. Not determinable74155084/00020,000(9,450U4000 FViata vauianee5,450 UApndime Vauiane10 Edelweiss Company uses a standard costing system and applies its fixed manufacturing overhead (FMOH) costs toproducts based on the number of labor hours. Some data for last year are given below. The FMOH was over-applied by $2,000.$ 48,0005,000 unitsS 4,000 favorableActual FMOH costsActual productionVolume varianceDetermine the budgeted production level in units for the past year.units5,000A.FrxdlowlooddAchalBudeyatelunits4.800B.units4,792C.D.E. Need more informationunits4,600DHXFPOHR5,000#$48,000500046,000 10/unlt50,000S10/unit4000 FBudoydedVaianeVoumVinanuFPoet x DH -SH)&A EAS
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Corporation uses a standard costing system in which variable manufacturing overhead is assigned to production e basis of the number of machine hours. The following data pertain to one month's operations: Standard machine hours allowed for actual production: Actual machine hours for the month: 3,550 MH 4,000 MH 80,000 Actual variable manufacturing overhead costs incurred: Variable overhead spending variance: 5,450 Unfavorable 9 What is variable overhead rate variance? A. $9,450.00 unfavorable B. $ Act Hours Actual Hours Stratt 9,450.00 favorable st Rate Aclual Rate 4,000.00 unfavorable 3,550 K 21 4/000 mh X 21 D $ 4,000.00 favorable E. Not determinable 741550 84/000 20,000 (9,450U 4000 F Viata vauianee 5,450 U Apndime Vauiane 10 Edelweiss Company uses a standard costing system and applies its fixed manufacturing overhead (FMOH) costs to products based on the number of labor hours. Some data for last year are given below. The FMOH was over- applied by $2,000. $ 48,000 5,000 units S 4,000 favorable Actual FMOH costs Actual production Volume variance Determine the budgeted production level in units for the past year. units 5,000 A. Frxdl owloodd Achal Budeyatel units 4.800 B. units 4,792 C. D. E. Need more information units 4,600 DHXFPOHR 5,000# $48,000 5000 46,000 10/unlt50,000 S10/unit 4000 F Budoyded Vaiane Voum Vinanu FPoet x DH -SH) &A EA S
Expert Answer
9.
Variable overhead rate variance: The difference between the actual variable overhead rate and standard variable overhead rate, for the actual hours worked, is referred to as variable overhead rate variance.
Formula:
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Actual variable overhead rate- Variable overhead xActual hours Standard variable overhead rate rate variance
Compute standard variable overhead rate.
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Actual hours x Stan dar d variable overhead rate S80,000-S5,450= 4,000 hoursxStan dard rate Actual variable manufacturing overhead costs = (Variable overhead spending variance Standard vari able overhead rate = S80,000-S5,450 4,000 hours =$19(rounded)
Compute variable overhea...
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(Actual variable overhead rate Variable overhead (Standard variable overhead rate*Actual hours -(S20-S19)x4,000 hours rate variance 4,000 Unfavorable
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