Required information [The following information applies to the questions displayed below.] Trini Company...
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Accounting
Required information The following information applies to the questions displayed below. Trini Company set the following standard costs per unit for its single product Overhead is applied using direct labor hours. The standard overhead rate is based on a predicted activity level of of the company's capacity of units per quarter. The following additional information is available. During the current quarter, the company operated at of capacity and produced units; actual direct labor totaled hours. Units produced were assigned the following standard costs. Actual costs incurred during the current quarter follow. Required: a Compute the variable overhead spending and efficiency variances. b Compute the fixed overhead spending and volume variances. c Compute the overhead controllable variance. Complete this question by entering your answers in the tabs below. Required Compute the variable overhead spending and efficiency variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "cost per unit" and "rate per hour" answers to decimal places. Required: Compute the direct materials variance; including its price and quantity variances Compute the direct labor variance, including its rate and efficiency variances Compute the overhead controllable and volume variances
Required information
The following information applies to the questions displayed below.
Trini Company set the following standard costs per unit for its single product
Overhead is applied using direct labor hours. The standard overhead rate is based on a predicted activity level of of
the company's capacity of units per quarter. The following additional information is available.
During the current quarter, the company operated at of capacity and produced units; actual direct labor
totaled hours. Units produced were assigned the following standard costs.
Actual costs incurred during the current quarter follow.
Required:
a Compute the variable overhead spending and efficiency variances.
b Compute the fixed overhead spending and volume variances.
c Compute the overhead controllable variance.
Complete this question by entering your answers in the tabs below.
Required
Compute the variable overhead spending and efficiency variances.
Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "cost per unit" and "rate per hour" answers to decimal places.
Required:
Compute the direct materials variance; including its price and quantity variances
Compute the direct labor variance, including its rate and efficiency variances
Compute the overhead controllable and volume variances
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