Deems Company’s budgeted fixed factory overhead cost is P50,000 per month plus a variable factory overhead rate of P4 per direct labor hour. The standard direct labor hours allowed for November production was 18,000. An analysis of the factory overhead indicates that in November, Deems had an unfavorable budget (controllable) variance of P1,000 and a favorable volume variance of P500. Deems uses a two-way analysis of overhead variance The applied factory overhead in November is: P122,000 P121,000 P123,000 P122,500

Q: ogel Co. expects to produce 116,000 units for the year. The company's flexible budget for 116,000…

A:

Q: Barley, Inc., produces a product and has the following as standard costs per unit for materials and…

A: Actual price=Material usedQuantity=$800,00050,000=$16

Q: Fogel Company expects to produce and sell 111,000 units for the period. The company’s flexible…

A: The flexible budget is prepared on the basis of estimated costs for the period.  The controllable…

Q: The director of cost management for Odessa Company uses a statistical control chart to help…

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

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

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

Q: Use the following information to complete variance analysis for Maple Co. Budgeted Units 40,000…

A: Direct labour price variance is the difference between standard labour cost and actual labour cost…

Q: Using the following information, prepare a factory overhead cost budget for Starts Inc. where the…

A: Given: Total factory overhead cost = $115,000 Variable overhead cost per unit = $18.50 Total fixed…

Q: MCD Corp. spent a total of 810,000 actual variable cost and 290,000 and cost for the month of May.…

A: Spending variance = $60000 U Volume variance = $260000 U

Q: Bellingham Company produces a product that requires 10 standard direct labor hours per unit at a…

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

Q: In September, Numbers Incorporated sold 40,000 units of its only product for $240,000, and incurred…

A: Organizations have variances in their budgeted costs and actual costs. However, the amount with the…

Q: Enter a favorable variance as a negative number. Round your answer to the nearest dollar. $…

A: Given information is: Titus Company produced 3,200 units of a product that required 3.243 standard…

Q: I need helo solving this problem

A: Calculate the direct labor rate, efficiency, and spending variances.

Q: The Perry Corporation recorded the following budgeted and actual information relating to fixed…

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

Q: Baxter Corporation’s master budget calls for the production of 5,200 units per month and $162,240…

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

Q: The management of​ Pamela's Pet Supplies has calculated the following​ variances:   Direct materials…

A: Fixed factory overhead volume variance = Budgeted overhead - standard overhead

Q: Garcia Corp’s current year annual budget for variable and fixed overhead costs total $192,500 and…

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

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

A: The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are…

Q: Bellingham Company produces a product that requires 10 standard direct labor hours per unit at a…

A: Direct labor rate variance = (Actual rate - Standard rate) x Actual hours Direct labor time variance…

Q: Information on Reng Company’s overhead costs for January production activity is as follows:…

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

Q: Deems Company’s budgeted fixed factory overhead cost is P50,000 per month plus a variable factory…

A: Budgeted factory overhead = Variable factory overhead + Fixed factory overhead = (18000×P4) +…

Q: Fogel Co. expects to produce 103,000 units for the year. The company’s flexible budget for 103,000…

A: Variance is calculated by measuring the difference between the actual results and the flexible…

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: The Big Company's expected production volume was 36,000 units at 9,000 hours of labor. The fixed…

A: Variance analysis helps to find out the deviations between the actual performance and the standards…

Q: Spiral Company’s budgeted fixed factory overhead cost is P50,000 per month plus a variable factory…

A: Variance is difference between budgeted and actual spending and volume. Unfavourable means it…

Q: Crystal Glassware Company has the following standards and flexible-budget data. 8.00 per…

A: Variance:- It means the difference between the actual and the standard, company compare actual…

Q: Fogel Co. expects to produce 116,000 units for the year. The company’s flexible budget for 116,000…

A:

Q: What is the actual factory overhead measured in March?

A: calculate Standard overhead budgeted for actual activity level: Standard overhead budgeted for…

Q: Normal annual capacity for ABC Company is 72,000 units, with fixed factory overhead budgeted at P…

A: “Since you have asked multiple sub-parts, we will solve the first three sub-parts for you. If you…

Q: Deems Company's budgeted fixed factory overhead cost is P50,000 per month plus a variable factory…

A: Formula: Applied factory overhead = Fixed factory overhead + Standard direct labor + Favorable…

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

A: Direct material  price variance =  Actual quantity ×(Standard price - Actual price)

Q: Deems Company's budgeted fixed factory overhead cost is P50,000 per month plus a variable factory…

A: Formula: Applied factory overhead = Budgeted fixed factory overhead + standard direct labor cost +…

Q: Spiral Company’s budgeted fixed factory overhead cost is P50,000 per month plus a variable factory…

A: Applied Factory Overhead:-Applied overhead is the fixed-rate charged to a specific job or production…

Q: Crystal Glassware Company has the following standards and flexible-budget data. Standard…

A: Hey, since there are multiple requirements posted, we will answer first three requirements. If you…

Q: Fogel Company expects to produce and sell 116,000 units for the period. The company's flexible…

A: The flexible budget is prepared on the basis of standard rates and actual production data. The…

Q: In September, Larson Inc. sold 50,000 units of its only product for $328,000, and incurred a total…

A: A management team uses a master budget as its primary planning tool to guide company operations and…

Q: Shaw Incorporated began this period with a budget for 1,070 units of predicted production. The…

A: Variance analysis is an evaluation of the discrepancy between actual and planned data. The sum of…

Q: In September, Numbers Incorporated sold 40,000 units of its only product for $262,000 and incurred a…

A: The question asks for actual operating income which is the difference between actual sales and…

Q: Deems Company’s budgeted fixed factory overhead cost is P50,000 per month plus a variable factory…

A: In two way variance Controllable variance=[Variable absorbed budgeted+Fixed budgeted]-Actual Total…

Q: Alvarez Company’s output for the current period yields a $20,000 favorable overhead volume variance…

A: Given information is: Alvarez Company’s output for the current period yields a $20,000 favorable…

Q: Deems Company's budgeted fixed factory overhead cost is P50,000 per month plus a variable factory…

A: Formula    Flexible budget variance  =   (Vaeiable  budgeted overhead - variable     actual…

Q: Deems Company's budgeted fixed factory overhead costs are $50,000 per month plus a variable factory…

A: Formula: Applied factory overhead = Fixed factory overhead + Standard direct labor + Favorable…

Q: Deems Company's budgeted fixed factory overhead cost is P50,000 per month plus a variable factory…

A: Formula: Standard direct labor hour value = Direct labor hours x hourly rate

Q: Deems company's budgeted fixed factory overhead cost is 50,000 per month plus a variable overhead…

A: Formula   Flexible budget variance =  ( Variable budget overhead - variable actual overhead ) +…

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

A: Variance refers to a change between the expected value and the actual result. This term is usually…

Q: Fogel Company expects to produce and sell 112.000 units for the period. The company's flexible…

A: Variable cost per unit = Total budgeted variable costs / budgeted production = $156800/112000 units…

Q: LOFAT Co. uses the two-way variance analysis for overhead performance. The budgeted factory overhead…

A: Factory Overhead Applied: One kind of direct overhead expenditure is called an applied overhead, and…

Q: Fogel Company expects to produce and sell 110,000 units for the period. The company's flexible…

A: Variable overheads are those which changes with the variation in the activity or level of…

Q: In September, Larson Inc. sold 50,000 units of its only product for $317,000, and incurred a total…

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

Q: The following data are available for the most recent year of operations for Slacker & Sons. The…

A: given that, sales activity variance is $288,000 F. actually sales units = 161000 units budgeted…