Fogel Co. expects to produce 116,000 units for the year. The company’s flexible budget for 116,000 units of production shows variable overhead costs of $162,400 and fixed overhead costs of $124,000. For the year, the company incurred actual overhead costs of $262,800 while producing 110,000 units. Compute the controllable overhead variance and classify it as favorable or unfavorable.

Q: Sheldon Company manufactures only one product and uses a standard cost system. During the past…

A: Formula  Direct labor flexible budget variance =  Direct labor rate variance + Direct labor…

Q: The following information relates to Pasko Company for the 4th quarter of the current year: Actual…

A: Solution: Fixed overhead variance is based on the difference of applied fixed overhead and budgetd…

Q: During June, the Conchran Manufacturing Company's costing system reported several variances that the…

A: Standard costing is an costing method where it was used to identify variances between actual and…

Q: The data below relate to the standards for the sole product of Marshal Corporation in August:…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Western Co. has total budgeted fixed costs of $72,000. Actual production of 5,500 units resulted in…

A: Fixed overhead volume variance = (Budgeted units - Actual units) x  Fixed overhead rate  Fixed…

Q: Shaw Incorporated began this period with a budget for 1,050 units of predicted production. The…

A: Volume Variance is a way to determine whether or not there is a discrepancy between the actual…

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: Vinton Inc. provides the following details for the year: Type of variance Amount Variable…

A: Formula: sales-volume variance for operating income = Operating income volume + fixed overhead…

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: Peters operated at 80% of capacity during the year but applied factory overhead based on the 90%…

A: Overhead amount of cost is the cost which is incurred by the company in order to make the product…

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: 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: 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: should not be included in Skelton's flexible budget at a 60,000-unit level? Explain the reasoning…

A: Based on the information available for skeleton corporation ,we can answer the Question as follows:…

Q: The following data relate to direct labor costs for the current period: Standard costs 7,300 hours…

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

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: At the beginning of the year, Forest Corporation estimates overhead to be $175,000. If the actual…

A:

Q: At Cady Company, maintenance is a variable cost that varies directly with machine-hours. The…

A: Definition:

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

A: Sales Activity variance describes the variance of different components of the sales activity. So for…

Q: he budget for the month of May was for 15,600 units at a direct materials cost of $30 per unit.…

A:

Q: Use the following information to prepare a standard cost income statement for Whitmer Company for…

A: Formula: Net profit = Revenues - expenses Deduction of expenses from revenues derives the net…

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: For the stamping department of a manufacturing firm, the standard cost for direct labor is $15 per…

A: A labor variation occurs when the actual cost of a labor activity differs from the predicted amount…

Q: Beverly Company has determined a standard variable overhead rate of $3.40 per direct labor hour and…

A:

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: Beverly Company has determined a standard variable overhead rate of $4.00 per direct labor hour and…

A: Applied overhead = No. of units produced x labor hour per unit  x variable overhead rate = 3,500…

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

A: Standard hours required = Actual units produced x Stnadrd hours  per unit = 3,500 units x 1.5 hour…

Q: Paradise Corp. has determined a standard labor cost per unit of $14 (0.50 hour × $28 per hour). Last…

A: Direct labour costs is cost of labour directly used for production and manufacturing activity.…

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: I am struggling to solve this problem

A: Meaning of Fixed Overhead Spending Variance:Fixed Overhead spending variance is also known as fixed…

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: At Overland Company, maintenance cost is exclusively a variable cost that varies directly with…

A: Budgeted Cost = Actual Cost - Unfavorable Variance = $9,800 - $200 = $9,600

Q: Williams Corporation reports the following direct labor information for November:…

A: Variance: Variance refers to the difference level in the actual cost incurred and standard cost. The…

Q: he following information is for the standard and actual costs for Happy Corporation: Enter…

A: Standard costing represents preparation of budgets by expecting future possibilities related to the…

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: The following information relates to the Finishing department of Tom company for the fourth quarter:…

A: Standard Costing is generally used to find out the variances of the various production expenses…

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: Standish Company manufactures consumer products and provided the following informationfor the month…

A: Answer 1) Calculation of Total Variable Overhead Variance Total Variable overhead variance =…

Q: Forsyth Company manufactures one product, it does not maintain any beginning or ending inventories,…

A: Standard costing is the one used by the management to estimate cost which is further substituted for…

Q: Prepare a comprehensive performance report for March. Assume that the static budget for March was…

A: A flexible budget is a budget that can change upon the change in the quantity or activity changes.…

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: 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…