Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. sweet acacia co. uses a standard job cost system w

Sweet Acacia Co. uses a standard job cost system with a normal capacity of 25,500...

90.2K

Verified Solution

Question

Accounting

Sweet Acacia Co. uses a standard job cost system with a normal capacity of 25,500 direct labour hours. Sweet Acacia Co. produces 12,400 units, which cost $211,500 for direct labour (23,500 hours), $24,800 for variable overhead, and $144,460 for fixed overhead. The standard variable overhead per unit is $2 (2 hours at $1 per hour), and the standard fixed overhead per unit is $10.40 (2 hours at $5.20 per hour).

Calculate the variable overhead spending variance and the variable overhead efficiency variance.

Variable overhead spending variance
$enter a dollar amount
select an option Neither favourable nor unfavourableUnfavourableFavourable
Variable overhead efficiency variance
$enter a dollar amount
select an option UnfavourableFavourableNeither favourable nor unfavourable

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