1. Jones Incorporated uses direct labour hours as its basis foroverhead allocation. Jones produces 1,000 units of product thismonth, utilizing 5,050 direct labour hours in the process. Inincurring 5,050 direct labour hours this month, Jones incurreddirect labour cost of $30,000, variable manufacturing overhead of$11,500, and fixed manufacturing overhead of $8,000. Standardvariable overhead per unit is expected to be $12.50 per unit (5hours at $2.50 per hour). Fixed overhead standard is expected to be$7.50 per unit (5 hours at $1.50 per hour). Based on the abovecalculate the FMOH efficiency variance. If an unfavourable varianceenter amount as a negative.
2.
Jones Incorporated uses direct labour hours as its basis foroverhead allocation. Jones produces 1,000 units of product thismonth, utilizing 5,050 direct labour hours in the process. Inincurring 5,050 direct labour hours this month, Jones incurreddirect labour cost of $30,000, variable manufacturing overhead of$11,500, and fixed manufacturing overhead of $8,000. Standardvariable overhead per unit is expected to be $12.50 per unit (5hours at $2.50 per hour). Fixed overhead standard is expected to be$7.50 per unit (5 hours at $1.50 per hour). Based on the abovecalculate the FMOH spending variance. If an unfavourable varianceenter amount as a negative.
3. Jones Incorporated uses direct labour hours as its basis foroverhead allocation. Jones produces 1,000 units of product thismonth, utilizing 5,050 direct labour hours in the process. Inincurring 5,050 direct labour hours this month, Jones incurreddirect labour cost of $30,000, variable manufacturing overhead of$11,500, and fixed manufacturing overhead of $8,000. Standardvariable overhead per unit is expected to be $12.50 per unit (5hours at $2.50 per hour). Fixed overhead standard is expected to be$7.50 per unit (5 hours at $1.50 per hour) Based on the abovecalculate the VMOH efficiency variance. If an unfavourable varianceenter amount as a negative.
4. Jones Incorporated uses direct labour hours as its basis foroverhead allocation. Jones produces 1,000 units of product thismonth, utilizing 5,050 direct labour hours in the process. Inincurring 5,050 direct labour hours this month, Jones incurreddirect labour cost of $30,000, variable manufacturing overhead of$11,500, and fixed manufacturing overhead of $8,000. Standardvariable overhead per unit is expected to be $12.50 per unit (5hours at $2.50 per hour). Fixed overhead standard is expected to be$7.50 per unit (5 hours at $1.50 per hour).
Based on the above calculate the VMOH spending variance. If anunfavourable variance enter amount as a negative.