Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. wisteria co. produces snowboards and uses a standa

Wisteria Co. produces snowboards and uses a standard cost system. Variable overhead is applied using...

90.2K

Verified Solution

Question

Accounting

Wisteria Co. produces snowboards and uses a standard cost system. Variable overhead is applied using direct labor hours. Standards allowed for each unit are 5.2 hours of labor at a standard variable overhead rate of $7.70. During December, Wisteria Co. produced 3,050 snowboards. Materials purchases totaled 21,000 pounds at a total cost of $224,780. Materials usage totaled 21,060 pounds. Payroll totaled $183,690 for 17,130 hours worked. Variable overhead incurred totaled $129,131. a. Calculate the variable overhead rate variance. (Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).) b. Calculate the variable overhead efficiency variance. (Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).)

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

Geometry
1.2K views

7 Find the values of x and y 5y 29 3 x 6 4x 7...

Chemistry
1.2K views

1. Which one describes not about a nuclear reaction but about a chemical reaction? Protons, neutrons, electrons,...

Psychology
1.2K views

Case Study: Little Raymond Raymond and his mother live in the urban high rise. Raymond loves to...

Physics
1.2K views

A particle having charge q and mass mis projected with velocity v 21 3j in...

Basic Math
1.2K views

Question 16 options Semi annually Quarterly Monthly Question 17 1 point An 128GB iPhone costs...

Calculus
1.2K views

f x x Add vertical stretch Then the veritcal Shift up by 3 by 2

Calculus
1.2K views

Part 1 of 6 Find the derivative of the inverse cosine using the theorem of...

Algebra
1.2K views

Suppose the vector C 6 is in the nullspace of the matrix d 1 5...

Algebra
1.2K views

Which equation best models the set of data shown in this table 4 27 O...

Accounting
1.2K views

The Portland Division's operating data for the past two years is as...

Finance
1.2K views

foreign; foreign 49 J 1.25 ai) i) is when the domestic currency is backed 100%...

Finance
1.2K views

10. Consider the following accounting statements for the most recent year of your business: Income...