Homework Help is Here – Start Your Trial Now!
Business
Accounting
Three OH variances Berlin Ltd. uses a combined overhead rate of $2.90 per machine hour to apply overhead to products. The rate was developed at an annual expected capacity of 211,200 machine hours; each unit of product requires two machine hours to produce. At 211,200 machine hours, expected fixed overhead for Munich Ltd. Is $200,640. During November, the company produced 9,568 units and used 19,760 machine hours. Actual variable overhead for the month was $37,680 and fixed overhead was $16,000. Calculate the overhead spending, efficiency, and volume variances for November. Note: Do not use negative signs with your answers. Note: Round your answers to the nearest whole dollar. OH Spending Variance Actual OH Budget at Actual = OH Spending Variance OH Efficiency Variance Budget at Actual Budget at Standard = OH Efficiency Variance Volume Variance Budget at Standard Applied OH = Volume Variance $

Three OH variances Berlin Ltd. uses a combined overhead rate of $2.90 per machine hour to apply overhead to products. The rate was developed at an annual expected capacity of 211,200 machine hours; each unit of product requires two machine hours to produce. At 211,200 machine hours, expected fixed overhead for Munich Ltd. Is $200,640. During November, the company produced 9,568 units and used 19,760 machine hours. Actual variable overhead for the month was $37,680 and fixed overhead was $16,000. Calculate the overhead spending, efficiency, and volume variances for November. Note: Do not use negative signs with your answers. Note: Round your answers to the nearest whole dollar. OH Spending Variance Actual OH Budget at Actual = OH Spending Variance OH Efficiency Variance Budget at Actual Budget at Standard = OH Efficiency Variance Volume Variance Budget at Standard Applied OH = Volume Variance $

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter10: Standard Costing And Variance Analysis
Section: Chapter Questions
Problem 72P: Moleno Company produces a single product and uses a standard cost system. The normal production...
See similar textbooks
icon
Related questions
Question

I need help with a cost accounting question 

Three OH variances Berlin Ltd. uses a combined overhead rate of $2.90 per machine hour to apply overhead to products. The rate was developed at an annual expected capacity of 211,200 machine hours; each unit of product requires two machine hours to produce. At 211,200 machine hours, expected fixed overhead for Munich Ltd. Is $200,640. During November, the company produced 9,568 units and used 19,760 machine hours. Actual variable overhead for the month was $37,680 and fixed overhead was $16,000. Calculate the overhead spending, efficiency, and volume variances for November. Note: Do not use negative signs with your answers. Note: Round your answers to the nearest whole dollar. OH Spending Variance Actual OH Budget at Actual = OH Spending Variance = $ OH Efficiency Variance Budget at Actual Budget at Standard = OH Efficiency Variance 24 $ 2$ Volume Variance Budget at Standard Applied OH = Volume Variance - = $
Transcribed Image Text:Three OH variances Berlin Ltd. uses a combined overhead rate of $2.90 per machine hour to apply overhead to products. The rate was developed at an annual expected capacity of 211,200 machine hours; each unit of product requires two machine hours to produce. At 211,200 machine hours, expected fixed overhead for Munich Ltd. Is $200,640. During November, the company produced 9,568 units and used 19,760 machine hours. Actual variable overhead for the month was $37,680 and fixed overhead was $16,000. Calculate the overhead spending, efficiency, and volume variances for November. Note: Do not use negative signs with your answers. Note: Round your answers to the nearest whole dollar. OH Spending Variance Actual OH Budget at Actual = OH Spending Variance = $ OH Efficiency Variance Budget at Actual Budget at Standard = OH Efficiency Variance 24 $ 2$ Volume Variance Budget at Standard Applied OH = Volume Variance - = $
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Accounting systems
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
SEE MORE TEXTBOOKS