The following data is given for the Bahia Company: Budgeted production 1,094 units Actual production   919 units Materials:       Standard price per pound $1.861     Standard pounds per completed unit 12      Actual pounds purchased and used in production 10,697     Actual price paid for materials $21,929 Labor:       Standard hourly labor rate $14.09 per hour     Standard hours allowed per completed unit 4.5      Actual labor hours worked 4,732.85     Actual total labor costs $72,176 Overhead:       Actual and budgeted fixed overhead $1,021,000     Standard variable overhead rate $28.00 per standard labor hour      Actual variable overhead costs $132,520 Overhead is applied on standard labor hours. The variable factory overhead controllable variance is a.$163,322.67 unfavorable b.$163,322.67 favorable c.$16,726.00 unfavorable d.$16,726.00 favorable

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A: “Since you have asked multiple question, we will solve the first question for you. If youwant any…

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

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A: Computation of the direct material quantity variance is as follows:

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A: Formula: Standard direct labor hours = Actual output units x Standard direct labor per hour variable…

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A: Direct material quantity variance = (Standard quantity - Actual quantity used)×Standard price

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A:

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Q: The variable factory overhead controllable variance is

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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.