Wetherbee Tech Services (WTS) is a chain of computer maintenance technicians for households and small...
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Wetherbee Tech Services WTS is a chain of computer maintenance technicians for households and small businesses. The following data are available for last years services: WTS recorded tech calls last year. It had budgeted calls, averaging minutes each. Standard variable labor and support costs per tech call were as follows: Direct IT specialist services: minutes at $ per hour$Variable support staff, supplies, and overhead: minutes at $ per hour Fixed overhead costs: Annual budget $ Fixed overhead is applied at the rate of $ per call. Actual tech service call costs: Direct IT specialist services: calls averaging minutes at $ per hour$ Variable support staff, supplies, and overhead: averaging minutes per call at $ per hour callsFixed overhead Required: Prepare a cost variance analysis for each variable cost for last year. Prepare a fixed overhead cost variance analysis.
Wetherbee Tech Services WTS is a chain of computer maintenance technicians for households and small businesses. The following data are available for last years services:
WTS recorded tech calls last year. It had budgeted calls, averaging minutes each.
Standard variable labor and support costs per tech call were as follows:
Direct IT specialist services: minutes at $ per hour$Variable support staff, supplies, and overhead: minutes at $ per hour
Fixed overhead costs:
Annual budget $
Fixed overhead is applied at the rate of $ per call.
Actual tech service call costs:
Direct IT specialist services: calls averaging minutes at $ per hour$ Variable support staff, supplies, and overhead: averaging minutes per call at $ per hour callsFixed overhead
Required:
Prepare a cost variance analysis for each variable cost for last year.
Prepare a fixed overhead cost variance analysis.
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