AIAC AD Y Z AA X S TU P QR N C M Alternative Computation...

80.2K

Verified Solution

Question

Accounting

image
image
AIAC AD Y Z AA X S TU P QR N C M Alternative Computation of Overhead Variances: Factory Overhead Applied costs 782,000 Actual costs Balance Underapplied Budgeted Factory Overhead for Amount toduced Applied Factory Overhead Actual Factory Overhead $555,000 240.000 S795.000 Variable cost Fixed cost $782,000 Total 18.000 (13,000) F Controllable Volume Variance Variance $ 5,000 U Factory Overhuad Cost Varance X P W N MacBook Air Controllable variance: Actual variable factory overhead 542,000 Standard variable factory overhead at actual production: Standard hours at actual production Variable factory overhead rate Standard variable factory overhead Controllable variance 92,500 $6.00 555,000 (13,000) favorable Volume variance: 100,000 Volume at 100% of normal capacity 92,500 Less standard hours 7,500 Idle capacity $2.40 Fixed overhead rate Volume variance- unfavorable 18,000 Total factory overhead cost variance- unfavorable 5,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students