If the Actual o.h. center A.( 275 000)$. Estimated o.h. center A(.350 000)$. the value of Variance -------
Q: You are required to complete the last column of the flexed budget by calculating the variance…
A: As per the norms of Bartleby, if multiple independent questions have been asked, the expert can…
Q: Calculate Material price variance. Material usage variance and material cost variance from the…
A: Material Price Variance = Standard Cost of Actual Material Used - Actual Cost of Material used…
Q: The management of Watchdog Security Systems has calculated the following variances: $9,000 U 40,000…
A: Solution:- Calculation of the Total Direct Labour Variance of the company as follows:-
Q: The sales price factor shows a variance of: a) P150,000 unfavorable b) P150,000 favorable c)…
A: Sale price variance is the difference between the actual sales and the budgeted sales due to change…
Q: The standard direct labor cost per unit for a company was $27 (- $18 per hour x 15 hours per unit)…
A: Direct labor cost is referred to as that cost which is related to the labor force which is used in…
Q: Lido Company's standard and actual costs per unit for the most recent period, during which 400 units…
A: Material price variance = (Standard price - actual price)*actual quantity purchased Material…
Q: Devin Company has the following data for their budget and actual performance. Master Budget Variance…
A: SOLUTION- MASTER BUDGET-IT IS AN EXPENSIVE BUSINESS STRATEGY THAT DOCUMENTS EXPECTED FUTURE…
Q: Acme had a P22,000 favorable fixed overhead budget variance, a P15,000 unfavorable variable overhead…
A: Volume variance arises when there is difference in units produced as per actual and as per budget.…
Q: 1. ABC had a P28,000 favorable volume variance, a P25,000 unfavorable variable overhead spending…
A: Comment- We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: Type of Variance Amount Analysis Sales Price Variance 4,000 Favorable Cost Volume Variance, 4-way…
A: Cost volume variance when arises when actual cost is not same as standard cost. When actual cost is…
Q: If the Actual o.h. ( center A. 350 000)$. Estimated o.h.( center A.(365655)$. the value of Variance…
A: Negative variances are negative variations between two numbers, such as the amount by which actual…
Q: Using Control Limits to Determine When to Investigate a Variance Kavallia Company set a standard…
A: 1) Variance from standard for each month. Month Actual Cost(A) Standard Cost(B)…
Q: Devin Company has the following data for their budget and actual performance. Master Budget Variance…
A:
Q: orme Onerom Inc., a multi-product firm, has a Sales Mix Variance of 925 unfavorable and a Final…
A: solution given Sales Mix Variance 925 unfavorable Final Sales Volume Variance 1,780…
Q: Using Control Limits to Determine When to Investigate a Variance Kavallia Company set a standard…
A: Variance =Standard cost -Actual cost If standard cost is more than actual cost , the variance is…
Q: The following are actual cost and variances for direct materials and direct labour for the month of…
A: The variances are calculated in order to compare the actual results with the standard results.…
Q: Required: a. - d. Prepare the pro forma income statement that would appear in the master budget and…
A:
Q: Working With Variances From the following data, determine the total actual costs incurred for direct…
A: Variance analysis: It is the technique in budgeting that allows for analysis of the variances…
Q: Variances Spending Efficiency Volume…
A: The difference between the actual and standard costs is defined as variance. The total cost…
Q: For each of the following independent cases, fill in the missing amounts in the table: (Indicate the…
A: Direct labor rate variance refers to the difference between actual and standard cost of direct labor…
Q: lask 2. Calculate Material price variance. Material usage variance and material cost variance from…
A: Material Price Variance = Standard Cost of Actual Material Used - Actual Cost of Material used…
Q: If actual fixed overhead was $54,000 and there was a $1,300 unfavorable spending variance and a…
A: Fixed overhead spending variance = Budgeted fixed overhead - Actual fixed overhead
Q: Gigil Company has asked you to reconstruct their record after a fire. You were given the following…
A: Initially, calculate the actual labor hours as follows: Total spending variance=Standard variable…
Q: 9. A company using direct costing in its performance evaluation would normally include the following…
A: A company using direct costing in its performance evaluation would normally include the following…
Q: Type of Variance Actual Standard Variance Materials price variance $24,600 $23,400 Materials usage…
A: Variance Amount = Actual Cost- Standard cost If the Actual cost is higher than the Standard cost…
Q: Prepare a performance report for the period based on actual production. If an amount box does not…
A: The variance is the difference between the actual data and standard output of the production.
Q: Requirements 1. Compute the variable manufacturing overhead variances. What do each of these…
A: 1. Calculation of variable overhead variances: a) Variable overhead rate variance is calculated as…
Q: Rockport Industries Inc. gathered the following data for March: Planned Actual Sales price per…
A: Formula: Revenue price variance = Actual units sold x ( Actual price - planned price ) Deduction of…
Q: Material and Labor Variances The following actual and standard cost data for direct material and…
A: Actual cost = AQ×AP Split cost = AQ×SP Standard cost = SQ×SP1. Material variance:Actual cost (11,700…
Q: Required: 1. Compute the following variances for July: (Indicate the effect of each variance by…
A: In cost accounting variance indicates the deviation of estimated financial data from actual…
Q: Direct Labor Variances The following data relate to labor cost for production of 33,000 cellular…
A: Standard costing: Under the standard costing consists of the setting of the predetermined estimate…
Q: Using the data below, answer the questions about the Direct Materials Cost (DMC) variances and the…
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: 1. Prepare the following variance analyses for both chocolates and the total, based on the actual…
A: Note:- As per our honor code, I can answer only first question. If you want the answer for the…
Q: is the DM Quantity Variance, given the following info: Actual Costs = 4,600 lbs. at $5.50 Standard…
A: Direct material quantity variance = (Standard quantity - Actual quantity)×standard rate
Q: The management of Earth Barber Lawnmowers has calculated the following variances: Direct materials…
A: The fixed overhead variance represents the actual overhead incurred deducted from the overhead…
Q: verify whether variances favorable of unfavorable: budgeted cost at actual volue would be 25344…
A: Wage Rate Variance = (Budgeted Rate-Actual rate) x Actual Hours Labor Efficiency Variance =…
Q: Zyan had a $2,000 favorable volume variance, a $7,000 unfavorable variable overhead spending…
A: Fixed overhead budget variance is the difference between actual fixed fixed overhead costs and…
Q: The management of Earth Barber Lawnmowers has calculated the following variances: $9,000 U 35,000 F…
A: Fixed overhead variance is the cost variance of fixed overhead
Q: Material and Labor Variances The following actual and standard cost data for direct material and…
A: Materials Variances Material price variance = (Standard price-Actual price)×Actual quantity
Q: If actual fixed overhead was $54,000 and there was a $1,300 unfavorable spending variance and a…
A: Budgeted Fixed Overhead will be calculated as: BFO = Actual Fixed OHD – Unfavorable Spending…
Q: What is the materials price variance? (Round per unit calculations to 2 decimal places, e.g. 1.25…
A: Waterways Corporation is using standard costing method to evaluate its manufacturing efficiency. The…
Q: The returns of Al Maha Ceramics for the last four years are Year 1=(-35), Year 2=10, Year 3=25, Year…
A: Solution: Mean of returns = (-35+10+25+28) / 4 = 7 X X-Mean (X-Mean)^2 -35 -42 1764 10 3 9…
Q: Blue Co. has the following variances gathered from its reports: Analysis 2,000 Unfavorable 3,500…
A: Solution: Total gross profit variance = Favorable cost price variance, 4 way - Unfavorable volume…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- If the Actual o.h. ( center A. 350 000)$. Estimated o.h.( center A.(365655)$. the value of Variance ---------- * a-( 15655)$ b-( -15655) $ c- another option .Compute the variances in dollar amount and in percentage. (Round to the nearest whole percent.) Indicate whether the variance is favorable (F) or unfavorable (U).Budgeted Income Amount $300.00Actual Amount $325.00Dollar Variance $Percent Variance %F or UThe following variances are determined by Bulldogs Co.: · Sales Price Variance – 560,000 favorable · Cost Price Variance – 120,000 unfavorable · Sales Volume Variance – 255,000 unfavorable · Cost Volume Variance – 550,000 unfavorable If based on the forecast the budgeted sales amounts to P2,462,000, what is the amount of actual sales? 2,647,0002,157,0002,767,0002,610,000
- Can you help me interpret these results i)Revenue Variance, Price, and Volume Variance Revenue variance = Actual revenues – Static revenues = $2,200,000 - $1,9800,000 = $220,000 Price variance = Actual revenues – Flexible revenues =$2,2000,000 - $2,200,000 =$0 Volume variance = Flexible revenues – Static revenues =$2,200,000 - $1,980,000 = $220,000 ii) Cost Variance, Volume Variance and Management Variance Cost variance = Static cost - Actual cost =$1,350,000 -$1,625,000 = $-275,000 Volume = Static cost – Flexible costs = $1,350,000 - =$1,475,000 = $-125,000 Management variance = Flexible cost- Actual cost =$2,200,000 - 1,625,000 =$575,000 iii) Profit Variance Profit Variance= Actual Profit - Static Profit = 225,000 - 130,000 = 95,000 Revenue Variance = Actual Revenue - Static Revenue = 2, 200,000 - 1,980,000 = 220,000 Cost Variance = Static Cost - Actual Costs = 1,850,000 - 1,975,000 = (125,000) Can you help me interpret these resultsThe following information is available from the KANSAN CORP.: Actual factory O/H P15,000 Fixed O/H expenses, actual P7,200 Fixed O/H expenses, budgeted P7,000 Actual hours 3,500 Standard hours 3,800 Variable O/H rate per DLH P2.50 Assuming that Tyro uses a three-way analysis of O/H variances, what is the spending variance?The sales price factor shows a variance of: a) P150,000 unfavorable b) P150,000 favorable c) P84,000 unfavorable d) P84,000 favorable
- Acme Inc. has the following information available: NOTE: All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). For the variance conditions, your answer is either "F” (for Favorable) or "U” (for Unfavorable) - capital letter and no quotes. Complete the following table of variances and their conditions: Variance Variance Amount Favorable (F) or Unfavorable (U) Material Price Material Quantity Total DM Cost Variance Labor Rate Labor Efficiency Total DL Cost VarianceAt the start of 2021, X Company developed the following budgeted total cost function: $9.52X + $234,700, where X is number of units produced. Budgeted production for the year was 10,600 units, but actual production for the year was 9,400 units. Actual total costs were $308,189. What was the 2021 flexible budget variance for total costs [a positive number means a favorable variance and a negative number means an unfavorable variance]? A: $11,088 B: $12,530 C: $14,158 D: $15,999 E: $18,079 F: $20,429Subject: Cost managent & accounting Compute the missing figures Standard Variances Actuala) Rs. 50,000 Rs. 5,000 Adverse ?b) Rs. 90,000 Rs. 10,000 Favourable ?c) Rs. 100,000 Nil ?d) ? Rs. 12,000 Adverse Rs. 82,000e) ? Rs. 20,000 Favourable Rs. 100,000
- 9) Given data provided determine the DM price, quantity and total variances. Actual: 680,000 lbs. at $3.10 per pound Standard 640,000 lbs. at $3.50 per pound `nfromation on Pio's FOH costs for the May 2020 production activity is as follows: Budgeted Fixed FOH:150,000 Std. Fixed FOH rate per DL hr.: 3 Std. Variable FOH rate per DL hr.: 6 Std. DL hours allowed for actual production: 48,000 Actual Total FOH: 440,000 Pio has a standard absorption and a flexible budget system and uses the two variance method for FOH variances. What is the volume variance for MAy 2020? A. 6,000 U B. 6,000 F C. 8,000 U D. 8,000 FUse the information provided below to calculate the following variances. In each case state whether the variance is favourable or unfavourable. 3.1 Material issue price variance 3.2 Material quantity variance 3.3 Total material variance, without using the answers from the previous questions. INFORMATION To produce one unit of Product Rap a standard quantity of 4 kilograms of material Y at a standard price of R5 per kilogram is allowed. Expected production per month is 8 500 units. The cost figures for September 2022 showed that 35 200 kilograms of material Y were purchased at R5.20 per kilogram. 8 000 units of Product Rap were produced during September 2022 using 33 600 kilograms of material Y.