Question 2 is part E,F, and G Buckley Manufacturing reported the following...

50.1K

Verified Solution

Question

Accounting

Question 2 is part E,F, and G

Buckley Manufacturing reported the following budgeted and actual figures for one of its products:

Standard variable overhead cost per unit (1 hour at $2.00 per hour)

$2.00

Actual variable overhead costs

$4,750

Budgeted units

725

Actual units produced

300

Given this data, what is the total variable overhead variance for this product?

A. $3,300 favorable

B.$4,150 unfavorable

C. $4,150 favorable

D. $3,300 unfavorable

F. Easel Manufacturing budgeted fixed overhead costs of $2.75 per unit at an anticipated production level of 1,350 units. In July Easel incurred actual fixed overhead costs of $5,000 and actually produced 1,100 units.

What is Easel's fixed overhead budget variance for July?

A. $1,287.50 unfavorable

B. $1,287.50 favorable

C. $1,975.00 unfavorable

D. $1,975.00 favorable

G.

Network Enterprises incurred actual fixed manufacturing overhead costs of $22,800 for the month of September. If the fixed manufacturing overhead budget variance was a favorable $6,300 what were the budgeted fixed overhead costs?

A. $6,300

B. $22,800

C. $16,500

D. $29,100

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