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
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
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 8EA: Queen Industries uses a standard costing system in the manufacturing of its single product. It...
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Transcribed Image Text: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
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