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The following data for November have been provided by Hunn Corporation, a producer of precision drills for oil exploration: Budgeted production Standard machine-hours per drill Standard indirect labor Standard power Actual production Actual machine-hours Actual indirect labor Actual power Indirect labor Power 4,100 drills Variable Overhead Rate Variance 9.4 machine-hours $ 9.20 per machine-hour $ 2.80 per machine-hour 4,300 drills 35,750 machine-hours Required: Compute the variable overhead rate variances for indirect labor and for power for November. Indicate whether each of the variances is favorable (F) or unfavorable (U). (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) $ 333,520 $ 96,788

The following data for November have been provided by Hunn Corporation, a producer of precision drills for oil exploration: Budgeted production Standard machine-hours per drill Standard indirect labor Standard power Actual production Actual machine-hours Actual indirect labor Actual power Indirect labor Power 4,100 drills Variable Overhead Rate Variance 9.4 machine-hours $ 9.20 per machine-hour $ 2.80 per machine-hour 4,300 drills 35,750 machine-hours Required: Compute the variable overhead rate variances for indirect labor and for power for November. Indicate whether each of the variances is favorable (F) or unfavorable (U). (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) $ 333,520 $ 96,788

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead
Section: Chapter Questions
Problem 19E: The normal capacity of a manufacturing plant is 30,000 direct labor hours or 20,000 units per month....
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The following data for November have been provided by Hunn Corporation, a producer of precision drills for oil exploration: Budgeted production 4,100 drills Standard machine-hours per drill Standard indirect labor Standard power Actual production Actual machine-hours Actual indirect labor Actual power Indirect labor Power 9.4 machine-hours $ 9.20 per machine-hour $ 2.80 per machine-hour 4,300 drills 35,750 machine-hours Required: Compute the variable overhead rate variances for indirect labor and for power for November. Indicate whether each of the variances is favorable (F) or unfavorable (U). (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Variable Overhead Rate Variance $ 333,520 $ 96,788
Transcribed Image Text:The following data for November have been provided by Hunn Corporation, a producer of precision drills for oil exploration: Budgeted production 4,100 drills Standard machine-hours per drill Standard indirect labor Standard power Actual production Actual machine-hours Actual indirect labor Actual power Indirect labor Power 9.4 machine-hours $ 9.20 per machine-hour $ 2.80 per machine-hour 4,300 drills 35,750 machine-hours Required: Compute the variable overhead rate variances for indirect labor and for power for November. Indicate whether each of the variances is favorable (F) or unfavorable (U). (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Variable Overhead Rate Variance $ 333,520 $ 96,788
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