Viger Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month: Budgeted level of activity Actual level of activity Standard variable manufacturing overhead rate Actual total variable manufacturing overhead 7,700 MHS 7,900 MHs $6.40 per MH $48,360 What was the variable overhead rate variance for the month?

Q: Rizwan Manufacturing Corporation has a standard cost system in which it applies manufacturing…

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Q: Overhead information for Cran-Mar Company for October follows:           Total factory overhead…

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Q: The Pangasinan Company has a standard costing system. The following data are available for January:…

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A:

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: Ferro Enterprises, Inc., uses a standard cost system in which it applies manufacturing overhead to…

A: Given: Applied overhead cost = P52,000

Q: Case: Mercurial Company has made the following information available for its production facility for…

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

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: Viger Corporation has a standard cost system in which it applies manufacturing overhead to products…

A: 1. Variable Overhead Rate Variance - This Variance shows the Variable Overhead Spending Variance…

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

A: Labor rate variance = (standard rate - actual rate) * actual hours   -1400 = (standard rate -…

Q: Case: Mercurial Company has made the following information available for its production facility for…

A: Followings are the solutions to requisite problems

Q: Okin Inc.'s flexible budget performance report for last month shows that actual indirect materials…

A: Cost formula per machine-hour for indirect materials cost = Indirect material cost in flexible…

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

A: Standard hours= Output* Standard hours per unit                          = 250*6.6 hours per unit…

Q: The following data relate to direct labor costs for the current period: Standard costs  7,500 hours…

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

Q: Selected operating information on three different companies for a recent year is given below.…

A: FIXED OVERHEAD VOLUME VARIANCE IS THE DIFFERENCE BETWEEN THE ALLOCATED FIXED OVERHEAD COST AND THE…

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: Humphrey Manufacturing has the following standards for its production department:   Overhead is…

A: Overhead efficiency variance = (standard direct labor hours  -actual direct labor hours) x  Standard…

Q: The following labor standards have been established for a particular product:     Standard…

A: Variance refers to a change between the expected value and the actual result. This term is usually…

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: Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 3,500…

A: Answer Variable overhead rate variance =Actual hours worked×(Standard overhead rate-Actual overhead…

Q: Shown below are the relevant data relating to fixed overhead costs of Calming Balm Corporation for a…

A:

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

A: Answer Variable Overhead Spending variance =  $720.00 Favorable

Q: The SM Corporation uses a standard costing system in which variable factory overhead is assigned to…

A: Variable Overhead Variance:- It is also known as spending variance which is the difference between…

Q: At Cady Company, maintenance is a variable cost that varies directly with machine-hours. The…

A: Definition:

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: 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: Descamps Incorporated has provided the following data concerning one of the products in its standard…

A: Variable overheads are those indirect costs in the business that changes with change in level of…

Q: Mercurial Company has made the following information available for its production facility for the…

A: Total Overhead Variance: This is the difference between the budgeted total overhead and the actual…

Q: Mercurial Company has made the following information available for its production facility for the…

A: Variance analysis: This is the study of how the actual results have deviated from the planed or…

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 following data for May has been provided by Mccawley Corporation.           Denominator…

A: Calculate overhead rate: Overhead rate = Budgeted fixed manufacturing overhead costs / Machine hours…

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: At Overland Company, maintenance cost is exclusively a variable cost that varies directly with…

A: Budgeted Cost = Actual Cost - Unfavorable Variance = $9,800 - $200 = $9,600

Q: The Six-C Corporation uses a standard costing system in which variable factory overhead is assigned…

A: Total standard variable overhead = Manufacturing overhead cost incurred + Total Variable Overhead…

Q: Case: Mercurial Company has made the following information available for its production facility for…

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

Q: Olsen Company uses a standard cost system for its production process. Olsen Company applies overhead…

A: Spending Variance = Actual Overhead - Budget OH/Actual Use Spending…

Q: What is the variable overhead rate variance for the month?

A: Variable overhead rate variance is the variance in variable overheads due to difference in standard…

Q: Standish Company manufactures consumer products and provided the following information for the month…

A: Overhead represents the indirect cost involved in the production process of the company.

Q: Viger Corporation has a standard cost system in which it applies manufacturing overhead to products…

A: Variable overhead rate variance = (Actual hours*Actual rate) - (Actual hours*Standard rate)

Q: Hamilton Pty Ltd uses a standard costing system for product costing. The company uses direct labour…

A: FOH Volume Variance = $ 24,000 (Adverse)

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: Sharp Company manufactures a product for which the following standards have been set: Standard…

A: 1a. Material quantity variance = $2250 U(SQ - AQ) x SP = -$2250(2350 x 3 - AQ) x $5 = -$2250Actual…

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

A: Two-way analysis takes into account two variances: Overhead controllable variance and overhead…

Q: The following labor standards have been established for a particular product:     Standard…

A: Lets understand the basics. Labor efficiency variance is a variance between the standard hour that…

Q: The following data for february has been provided by Gillard corporation     Denominator level…

A: Compute the budget variance for February: Budget variance = Budgeted overheads - Actual overheads…

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

A: Labor rate variance = (standard rate - actual rate) * actual hours   -1400 = (standard rate -…

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.