The following information is available for Sheffield’s Hot Dogs: Actual production   11,820 packages Budgeted production   12,500 packages Standard direct labor hours   1.55 direct labor hours per package Actual direct labor hours   19,372   Standard variable overhead rate   $3 per direct labor hour Actual variable overhead costs   $51,926   Calculate the variable overhead spending and efficiency variances. (Round answers to 0 decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter 0 for the amounts.) Variable overhead spending variance   $    Not ApplicableFavorableUnfavorable Variable overhead efficiency variance   $    Not ApplicableUnfavorableFavorable     Click if you would like to Show Work for this question: Open Show Work

Q: Hardigree Corporation makes a product that has the following direct labor standards: hours per 0.3…

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

Q: Fogel Company expects to produce and sell 111,000 units for the period. The company’s flexible…

A: The flexible budget is prepared on the basis of estimated costs for the period.  The controllable…

Q: The fixed budget for 21,000 units of production shows sales of $462,000; variable costs of $63,000;…

A: The benchmark is established in advance, and actual performance is assessed against it. Management…

Q: Wilms, Inc. uses a standard cost system. Overhead cost information for product A for the month of…

A: Total budgeted variable overhead. = Standard hours allocated for actual production x Variable…

Q: Formidable Company collected the following information: Standard costs per unit:   Variable…

A: Variance is the difference between budgeted and actual costs or production, on the basis of which…

Q: Formidable Company collected the following information: Standard costs per unit:   Variable…

A: Total Variance It is important in the calculation of the variance of the cost which is helpful to…

Q: Western Co. has total budgeted fixed costs of $72,000. Actual production of 5,500 units resulted in…

A: Fixed overhead volume variance = (Budgeted units - Actual units) x  Fixed overhead rate  Fixed…

Q: MCD Corp. spent a total of 810,000 actual variable cost and 290,000 and cost for the month of May.…

A: Spending variance = $60000 U Volume variance = $260000 U

Q: Shaw Incorporated began this period with a budget for 1,050 units of predicted production. The…

A: Volume Variance is a way to determine whether or not there is a discrepancy between the actual…

Q: Shaw Company produced 730 units, Its overhead allocation base is DLH and its standard amount per…

A: A volume variance can be defined as the difference between the total actual overhead costs and the…

Q: The direct labor time variance is

A: Answer:   $7,800 unfavorable

Q: I need helo solving this problem

A: Calculate the direct labor rate, efficiency, and spending variances.

Q: Last year, Gladner Company had planned to produce 140,000 units. However, 143,000 units were…

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

Q: Adams Company established a predetermined variable overhead cost rate at S10.00 per direct labor…

A: Formula: Variable overhead cost variance = Actual hours x ( standard - actual cost )

Q: nformation on Bustos Manufacturing Company’s overhead costs is as follows: Budgeted overhead based…

A: The overhead variance is the difference between actual overhead cost and applied overhead cost.

Q: Formidable Company collected the following information: Standard costs per unit:   Variable…

A: The question is based on the concept of budget and the standard costing method of budget.  A budget…

Q: Shaw Incorporated began this period with a budget for 1,070 units of predicted production. The…

A: Budgeted (flexible) overhead at units produced is the amount of budgeted overhead at budgeted…

Q: Fogel Co. expects to produce 103,000 units for the year. The company’s flexible budget for 103,000…

A: Variance is calculated by measuring the difference between the actual results and the flexible…

Q: What is the amount of the Factory OH Controllable Variance, given the following info: Actual…

A: Controllable Variance = Actual factory overhead – Standard overhead where, Standard overhead =…

Q: The Big Company's expected production volume was 36,000 units at 9,000 hours of labor. The fixed…

A: Variance analysis helps to find out the deviations between the actual performance and the standards…

Q: The following data relate to direct labor costs for the current period: Standard costs 7,300 hours…

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

Q: Fogel Co. expects to produce 116,000 units for the year. The company’s flexible budget for 116,000…

A:

Q: The following variances were computed: Fixed overhead spending variance $24,000 U   Variable…

A: Expenditures of running  business that varies with degree of commercial industrial activity are…

Q: The following data were collected by Bemidji Co. for the month of June: Static budget data: Sales…

A: Actual revenue=15000×$45=$675,000

Q: The flexible-budget variance for materials is $5,000 (U). The sales-volume variance is $13,000 (U).…

A: Note: In the give question, the price variance for materials is already given i.e. $31,000 (F). It…

Q: Wilms, Inc. uses a standard cost system. Overhead cost information for product A for the month of…

A: Total budgeted variable overhead. = Standard hours allocated for actual production x Variable…

Q: Oliver Enterprises has collected the following data for one of its​ products: Direct materials…

A: Given,  Actual quantity of material used = 40000 pounds Standard price = $ 0.44 per pounds  Standard…

Q: The Lopez Company uses standard costing in its manufacturing plant for auto parts. , the budgeted…

A: Spending variance for variable manufacturing overhead = Budgeted overhead for actual machine hours -…

Q: Shaw Company produced 860 units. Its overhead allocation base is DLH and its standard amount per…

A: Volume variance is the formula used in comparing the actual overheads with the standard set by the…

Q: Deems Company's budgeted fixed factory overhead cost is P50,000 per month plus a variable factory…

A: Formula: Applied factory overhead = Budgeted fixed factory overhead + standard direct labor cost +…

Q: Crystal Glassware Company has the following standards and flexible-budget data. Standard…

A: Hey, since there are multiple requirements posted, we will answer first three requirements. If you…

Q: Beech Company produced and sold 113,000 units in May. For the level of production in May, budgeted…

A: A flexible budget is a budget at the actual activity (113,000 units) which is already given.…

Q: Shaw Incorporated began this period with a budget for 1,000 units of predicted production. The…

A: Controllable variance = Actual total overhead - Standard overhead Volume variance = Budgeted…

Q: Fogel Company expects to produce and sell 116,000 units for the period. The company's flexible…

A: The flexible budget is prepared on the basis of standard rates and actual production data. The…

Q: A manager prepared the following table by which to analyze labor costs for the month: Actual hours…

A: Total labor variance = Standard hours at Standard rate - Actual hours at Actual rate Actual hours at…

Q: Flapjack Corporation had 7,784 actual direct labor hours at an actual rate of $12.34 per hour.…

A: Direct Labor Time Variance: The outcome will be zero if there is no difference between the actual…

Q: Shaw Incorporated began this period with a budget for 1,070 units of predicted production. The…

A: Variance analysis is an evaluation of the discrepancy between actual and planned data. The sum of…

Q: Deems Company’s budgeted fixed factory overhead cost is P50,000 per month plus a variable factory…

A: In two way variance Controllable variance=[Variable absorbed budgeted+Fixed budgeted]-Actual Total…

Q: Deems Company's budgeted fixed factory overhead cost is P50,000 per month plus a variable factory…

A: Formula    Flexible budget variance  =   (Vaeiable  budgeted overhead - variable     actual…

Q: I am struggling to solve this problem

A: Meaning of Fixed Overhead Spending Variance:Fixed Overhead spending variance is also known as fixed…

Q: variable factory overhead controllable variance is

A: Variable factory overhead variance = Standard hours required for actual production * Standard rate…

Q: Williams Corporation reports the following direct labor information for November:…

A: Variance: Variance refers to the difference level in the actual cost incurred and standard cost. The…

Q: he following information is for the standard and actual costs for Happy Corporation: Enter…

A: Standard costing represents preparation of budgets by expecting future possibilities related to the…

Q: Shaw Company produced 730 units. ts overhead allocation base is OLH and its standard amount per…

A: Volume variance refers to the difference among the actual sold quantity as well as the budgeted…

Q: In Zinchin Ind where Standard Costing is followed, the budgeted fixed overheads for a budgeted…

A: Standard costing is an method used to identify variances between actual and budgeted figures, in…

Q: The following information relates to the Finishing department of Tom company for the fourth quarter:…

A:

Q: Fogel Company expects to produce and sell 110,000 units for the period. The company's flexible…

A: Variable overheads are those which changes with the variation in the activity or level of…

Q: Information on Reng Company's overhead costs for January production activity is a follows: Budgeted…

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

Q: The following data are available for the most recent year of operations for Slacker & Sons. The…

A: given that, sales activity variance is $288,000 F. actually sales units = 161000 units budgeted…

Q: What is the variable overhead efficiency​ variance?

A: Variable overhead efficiency variance:   Variable overhead rate variance is the difference between…

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.