Fixed Overhead Spending and Volume Variances, Columnar and Formula Approaches Branch Company provided...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Fixed Overhead Spending and Volume Variances, Columnar and Formula Approaches
Branch Company provided the following information:
Standard fixed overhead rate (SFOR) per direct labor hour$5.00
Actual fixed overhead$305,000
BFOH$300,000
Actual production in units16,000
Standard hours allowed for actual units produced (SH)64,000
Required
Enter amounts as positive numbers and select Favorable (F) or Unfavorable(U).
1.Using the columnar approach, calculate the fixed overhead spending and volume variances.
(1)
(2)
(3)
SpendingVolume
2.Using the formula approach, calculate the fixed overhead spending variance.
3.Using the formula approach, calculate the fixed overhead volume variance.
4.Calculate the total fixed overhead variance.
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.