Rath Company showed the following information for the year: Standard variable overhead rate (SVOR) per direct labor hour $3.75 Standard hours (SH) allowed per unit 4 Actual production in units 15,000 Actual variable overhead costs $222,816 Actual direct labor hours 57,200 Required: 1. Calculate the standard direct labor hours for actual production. hours 2. Calculate the applied variable overhead. $4 3. Calculate the total variable overhead variance. Enter amount as a positive number and select Favorable or Unfavorable.

Q: Total Variable Overhead Variance Rath Company showed the following information for the year:…

A: 1.Standard hours allowed 60000 =15000*4  2.Applied variable overhead 225000=60000*3.75

Q: Stanford Company makes a single product and uses standard costing. Some data concerning this product…

A: Labor efficiency variance = (standard direct labor hours allowed - actual direct labor…

Q: Beverly Company has determined a standard variable overhead rate of $3.90 per direct labor hour and…

A: Standard hours=Actual units×Labor hour per unit=3400×0.50=1700

Q: manufacturing company that has only one product has established the following standards for its…

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

Q: The following information pertains to ABC Co's 202x manufacturing operations: Standard direct labor…

A: Variable overhead efficiency variance shows the difference between the actual time and the budgeted…

Q: A company reports the following information for its direct labor. Actual hourn of direct labor used…

A: When actual hours/price is higher than standard then it is unfavorable and vice versa is favorable.

Q: Juhasz Corporation makes a product with the following standards for direct labor and variable…

A: Variable overhead variance - it is the difference between the budgeted variable overhead and the…

Q: Aretha Company provided the following information: Standard variable overhead rate (SVOR) per…

A: Formula used: 1)Variable overhead spending variance: Variable overhead spending variance=AH(AR-SR)…

Q: Marvel Company uses a standard costing system. During the past month, the following variances were…

A: Variance analysis gives the reason for excess actual cost incurred in comparison to standard cost.…

Q: A company had net income of $60,000 on their direct (variable) costing Income Statement for a given…

A: According to the Variable costing income statement, the net income =$60,000. In Variable costing the…

Q: The data below relate to the month of November for Badong, Inc. which uses a standard cost system:…

A: Formula: Fixed overhead rate = Budgeted fixed cost / Normal activity hours

Q: The standard costs and actual costs for factory overhead for the manufacture of 2,500 units of…

A:

Q: Stanford Company makes a single product and uses standard costing. Some data concerning this product…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: A company reports the following information for its direct labor. Actual hours of direct labor used…

A: Lets understand the basics. Direct labor rate variance is a variance between the rate at which labor…

Q: 2. During November, York Company recorded 5,100 actual direct labor hours, $20,600 actual variable…

A: Introduction:- Calculation of variable overhead efficiency variance for November for York Company as…

Q: Mandy Company has the following information from last month:     Standard direct labor hours for…

A: Direct labour cost is cost of labour which is directly engaged in production or manufacturing.…

Q: The data below relate to the month of november for badong, inc. which uses a standard cost system:…

A: Formula: Fixed factory overhead = Budgeted fixed costs / Normal activity in hours

Q: Reddy Corporation has collected the following data for the month of June: Actual total factory…

A: Formula: Variable overhead efficiency variance = ( Standard hours - Actual hours ) x Standard rate

Q: The data below relate to the month of November for Badong, Inc. which uses a standard cost system:…

A: Labor usage variance= Actual hours * Standard rate per hour - Actual hours * Actual rate per hou

Q: The Henry company made the following data available from its accounting records and reports.…

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

Q: The following information relates to manufacturing overhead for Chapman Company: Standards: Total…

A: Absorbed overheads = Actual production x Standard hours allowed per unit x Fixed overhead rate…

Q: Use this information to answer the question that follow. The standard costs and actual costs for…

A: Fixed factory overhead volume variance = (Standard hrs required - Budgeted hrs) * std rate per hr

Q: The following information describes a company's direct labor usage in a recent period. 72,000 15…

A: Direct labor cost is the difference between actual direct and standard direct labor rates at a…

Q: A manufacturing company that has only one product has established the following standards for its…

A: To calculate: Variable overhead rate variance   Standard Variable overhead rate = $14.20 per DLH…

Q: A company reports the following information for its direct labor. Actual hours of direct labor used…

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

Q: The Clark Company makes a single product and uses standard costing. Variable overhead is assigned to…

A: Labour rate variance = Actual labour hours (Actual labour rate - Standard labour rate)

Q: data below relate to the month of November for Badong, Inc. which uses a standard cost system:…

A: Fixed overhead rate = 9,000/12,000 = 0.75 per hour Variable overhead rate = 2.25 - 0.75 = 1.50 per…

Q: Total Fixed Overhead Variance Bradshaw Company provided the following data: Standard fixed overhead…

A: Solution 1: Standard hours allowed for actual production = 15000 * 4 = 60000 hours

Q: ABC Inc. spent a total of $48,900 on factory overhead. Of this, $29,000 was fixed overhead. ABC Inc.…

A: Actual variable factory overhead = Total factory overhead - fixed factory overhead = $48900 - $29000…

Q: DRS Company showed the following information for the year: Standard variable overhead rate (SVOR)…

A: This question deals with the various concept relating to standard costing. Let's understand each…

Q: The standard costs and actual costs for factory overhead for the manufacture of 2,800 units of…

A: Factory Overhead is the indirect cost consisting of indirect material, indirect labor, heating,…

Q: The standard costs and actual costs for factory overhead for the manufacture of 2,600 units of…

A: Factory Overhead is the indirect cost consisting of indirect material, indirect labor, heating,…

Q: ThingOne Company has the following information available for the past year. They use machine hours…

A: Variable overhead efficiency variance = (Standard machine hours allowed for actual output - Actual…

Q: Are the answers correct?

A: 9.Variable overhead rate variance: The difference between the actual variable overhead rate and…

Q: A company reports the following information for its direct labor.   Actual hours of direct labor…

A: The direct labor cost variance is a combination of two variances - the direct labor rate variance…

Q: Mosaic Company applies overhead using machine hours and reports the following information. Compute…

A: Formula to calculate total variable overhead cost variance (TVOHCV): TVOHCV = (Standard…

Q: See Clear Company manufactures clear plastic CD cases. It applies variable overhead based on the…

A: Amount Favourable/Unfavourable Variable Overhead Rate Variance $9000 Favorable Variable…

Q: The standard costs and actual costs for factory overhead for the manufacture of 2,700 units of…

A: Total Factory Overhead Cost Variance = Variable overhead cost variance + Fixed overhead cost…

Q: The following standards for variable manufacturing overhead have been established for a company that…

A: Variable overhead efficiency variance= (Actual Hours - Standard Hours) X Standard Rate…

Q: Using the following information: Actual direct labor hours used 4,700 Units produced 1,500 Standard…

A: Variable overhead = (Actual direct labour hours used - Standard labour hours) x Standard Rate for…

Q: What was Badong’s volume variance for November? P2,250 unfavorable P500 favorable P500 unfavorable…

A: Fixed overhead rate = P9,000 / 12000 = P0.75 per labor hour

Q: The data below relate to the month of November for Badong, Inc. which uses a standard cost system:…

A: 1. Budgeted Fixed overhead rate = 9,000 / 12,000 = 0.75 2. Total Overhead Application  Rate = 2.25…

Q: A manufacturing company that has only one product has established the following standards for its…

A: Calculate the Variance overhead efficiency variance by using the below formula:  Variance overhead…

Q: The Litton Company has established standards as follows: Direct material Direct Labor Variable…

A: Labour Rate Variance :— It is the difference between standard labour cost & actual labour cost.…

Q: Tucker Company produced 7,400 units of product that required 3.40 standard hours per unit. The…

A: Variable factory overhead controllable variance = Standard variable factory overhead - Actual…

Q: ThingOne Company has the following information available for the past year. They use machine hours…

A:

Q: ThingOne Company has the following information available for the past year. They use machine hours…

A: Actual variable overhead = Actual total overhead - Actual fixed overhead = $81140-33500 = $47,640

Q: a standard cost system:             Actual direct labor cost, P43,400             Actual hours…

A: SOLUTION FIXED OVERHEAD RATE = BUDGETED FIXED COST / NORMAL ACTIVITY HOURS.

Q: The following standards for variable manufacturing overhead have been established for a company that…

A:

Q: Use this information to answer the question that follow. The standard costs and actual costs for…

A: Variable factory overhead controllable variance = Standard cost - Actual cost

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.