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Wildhorse's Style manufactures dining room tables for both home and restaurant locations. Kevin Jason, the company's controller, developed the following standard costs for each 5-foot table. Ms. Jason developed these standards based on the company manufacturing 1,420 tables per month. Direct materials Direct labor Variable overhead Fixed overhead Total standard cost per table ● ● ● ● Standard Price $50.00 per linear foot 18.00 per DLH 16.00 per DLH 28.20 per DLH Standard Quantity 5.00 linear feet 12.00 DLH 12.00 DLH 12.00 DLH Standard Cost $250.00 216.00 192.00 338.40 $996.40 The company actually manufactured 1,320 tables during the month. 6,120 linear feet of direct materials were purchased during the month at a total cost of $258,264. 5,620 linear feet of direct materials were used to manufacture the tables. 16,620 direct labor hours were worked at a total cost of $245,160. Actual variable overhead was $286,800. Actual fixed overhead was $412,700.

Wildhorse's Style manufactures dining room tables for both home and restaurant locations. Kevin Jason, the company's controller, developed the following standard costs for each 5-foot table. Ms. Jason developed these standards based on the company manufacturing 1,420 tables per month. Direct materials Direct labor Variable overhead Fixed overhead Total standard cost per table ● ● ● ● Standard Price $50.00 per linear foot 18.00 per DLH 16.00 per DLH 28.20 per DLH Standard Quantity 5.00 linear feet 12.00 DLH 12.00 DLH 12.00 DLH Standard Cost $250.00 216.00 192.00 338.40 $996.40 The company actually manufactured 1,320 tables during the month. 6,120 linear feet of direct materials were purchased during the month at a total cost of $258,264. 5,620 linear feet of direct materials were used to manufacture the tables. 16,620 direct labor hours were worked at a total cost of $245,160. Actual variable overhead was $286,800. Actual fixed overhead was $412,700.

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
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Wildhorse's Style manufactures dining room tables for both home and restaurant locations. Kevin Jason, the company's controller, developed the following standard costs for each 5-foot table. Ms. Jason developed these standards based on the company manufacturing 1,420 tables per month. Direct materials Direct labor Variable overhead Fixed overhead Total standard cost per table ● ● Standard Price $50.00 per linear foot 18.00 per DLH per DLH 28.20 per DLH 16.00 Standard Quantity 5.00 linear feet 12.00 DLH 12.00 DLH 12.00 DLH Standard Cost 16,620 direct labor hours were worked at a total cost of $245,160. Actual variable overhead was $286,800. Actual fixed overhead was $412,700. $250.00 216.00 192.00 338.40 $996.40 The company actually manufactured 1,320 tables during the month. 6,120 linear feet of direct materials were purchased during the month at a total cost of $258,264. 5,620 linear feet of direct materials were used to manufacture the tables.
Transcribed Image Text:Wildhorse's Style manufactures dining room tables for both home and restaurant locations. Kevin Jason, the company's controller, developed the following standard costs for each 5-foot table. Ms. Jason developed these standards based on the company manufacturing 1,420 tables per month. Direct materials Direct labor Variable overhead Fixed overhead Total standard cost per table ● ● Standard Price $50.00 per linear foot 18.00 per DLH per DLH 28.20 per DLH 16.00 Standard Quantity 5.00 linear feet 12.00 DLH 12.00 DLH 12.00 DLH Standard Cost 16,620 direct labor hours were worked at a total cost of $245,160. Actual variable overhead was $286,800. Actual fixed overhead was $412,700. $250.00 216.00 192.00 338.40 $996.40 The company actually manufactured 1,320 tables during the month. 6,120 linear feet of direct materials were purchased during the month at a total cost of $258,264. 5,620 linear feet of direct materials were used to manufacture the tables.
(g) Your answer is partially correct. Calculate the fixed overhead spending variance for the month. (If variance is zero, select "Not Applicable" and enter O for the amounts.) Fixed overhead spending variance eTextbook and Media $ Save for Later Last saved 1 day ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. Favorable Attempts: unlimited Submit Answer
Transcribed Image Text:(g) Your answer is partially correct. Calculate the fixed overhead spending variance for the month. (If variance is zero, select "Not Applicable" and enter O for the amounts.) Fixed overhead spending variance eTextbook and Media $ Save for Later Last saved 1 day ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. Favorable Attempts: unlimited Submit Answer
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