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Jasper Company makes a single product. Its standard costs per unit are as follows: Direct materials, 2 pounds @$4.50 Direct labour, 3 hours @$5 Overhead $10 per direct labour-hour (DLH)* Standard cost per $9 15 30 $54 unit *Based on normal capacity of 50,000 units. $7 per DLH is variable. At the beginning of 2019, there were no inventories. During 2019, the following events осcurred: 1. Direct labour was $790,750 for 151,000 DLH worked. 2. Variable overhead incurred was $1,046,000. 3. Fixed overhead was $490,000. 4. Jasper produced 48,000 units. There were no unfinished goods or work in process (WIP) at the end of 20X6.

Jasper Company makes a single product. Its standard costs per unit are as follows: Direct materials, 2 pounds @$4.50 Direct labour, 3 hours @$5 Overhead $10 per direct labour-hour (DLH)* Standard cost per $9 15 30 $54 unit *Based on normal capacity of 50,000 units. $7 per DLH is variable. At the beginning of 2019, there were no inventories. During 2019, the following events осcurred: 1. Direct labour was $790,750 for 151,000 DLH worked. 2. Variable overhead incurred was $1,046,000. 3. Fixed overhead was $490,000. 4. Jasper produced 48,000 units. There were no unfinished goods or work in process (WIP) at the end of 20X6.

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 23E: Orinder Company provided the following information for the last calendar year: During the year,...
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__________

A. What was the total overhead spending variance (variable and fixed) for 2019?

B. What was the fixed overhead volume variance for 2019?

Jasper Company makes a single product. Its standard costs per unit are as follows: Direct materials, 2 pounds @$4.50 Direct labour, 3 hours @$5 Overhead $10 per direct labour-hour (DLH)* Standard cost per $9 15 30 $54 unit *Based on normal capacity of 50,000 units. $7 per DLH is variable. At the beginning of 2019, there were no inventories. During 2019, the following events осcurred: 1. Direct labour was $790,750 for 151,000 DLH worked. 2. Variable overhead incurred was $1,046,000. 3. Fixed overhead was $490,000. 4. Jasper produced 48,000 units. There were no unfinished goods or work in process (WIP) at the end of 20X6.
Transcribed Image Text:Jasper Company makes a single product. Its standard costs per unit are as follows: Direct materials, 2 pounds @$4.50 Direct labour, 3 hours @$5 Overhead $10 per direct labour-hour (DLH)* Standard cost per $9 15 30 $54 unit *Based on normal capacity of 50,000 units. $7 per DLH is variable. At the beginning of 2019, there were no inventories. During 2019, the following events осcurred: 1. Direct labour was $790,750 for 151,000 DLH worked. 2. Variable overhead incurred was $1,046,000. 3. Fixed overhead was $490,000. 4. Jasper produced 48,000 units. There were no unfinished goods or work in process (WIP) at the end of 20X6.
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