The following data is given for the Bahia Company: Budgeted production 1,049 units Actual production...

70.2K

Verified Solution

Question

Accounting

imageimage

The following data is given for the Bahia Company: Budgeted production 1,049 units Actual production 952 units Materials: Standard price per pound $1.791 Standard pounds per completed unit 10 Actual pounds purchased and used in production 9,234 Actual price paid for materials $18,930 Labor: Standard hourly labor rate $14.38 per hour Standard hours allowed per completed unit 4.8 Actual labor hours worked 4,902.8 Actual total labor costs $74,768 Overhead: Actual and budgeted fixed overhead $1,063,000 Standard variable overhead rate $27.00 per standard labor hour Actual variable overhead costs $137,278 Overhead is applied on standard labor hours. The variable factory overhead controllable variance is O a. $98,294.57 unfavorable Ob. $98,294.57 favorable c. $13,898.80 unfavorable d. $13,898.80 favorable

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