Calculate the following overhead variances, Cost Accounting

                                                                              Planned                          Actual        

      Production                                                         92,000 units                     87,000 units

      Direct labor hours                                             506,800 DL hrs                380,000 DL hrs

      Fixed manufacturing overhead                          $205,000                         $182,400

      Variable manufacturing overhead                       $910,000                         $841,500

      Standard direct labor hour per unit                              5.5

Required:

Calculate the following three overhead variances:

a. Overhead volume variance.

b. Overhead efficiency variance.

c. Overhead spending variance.

Posted Date: 2/27/2014 11:57:43 PM | Location : United States







Related Discussions:- Calculate the following overhead variances, Assignment Help, Ask Question on Calculate the following overhead variances, Get Answer, Expert's Help, Calculate the following overhead variances Discussions

Write discussion on Calculate the following overhead variances
Your posts are moderated
Related Questions
Your organization (City Rehab) has been approached by an MCO looking for an exclusive arrangement for the rehabilitation of its hip replacement patients. The MCO is aggressively po

SALES REVENUE VARIANCE (SRV) The word 'Sales Variance' is indicated by the expression 'operating profit variance due to sales' by ICMA.  It is described as 'the difference betw

Igor and Angela were married in 2005, separated in 2011, and divorced recently. At the time of marriage, each had some investments and personal assets. They both worked during the


The following information is available for Whitlock Corporation in millions average common stockholders equity 2014-$2,532 2013-$2,591 dividends declared for common stockholders 20

Chen Enterprises purchased 67,000 pounds (cost = $616,400) of direct material to be used in the manufacture of the company''s only product.

Cost Element Stage 1. Cost Elements The raw data concern with Labour, Expenses, and Materials are gathered from Invoices, Payroll, and Requisitions and Goods Issued Notes

Cost sheet is a declaration of cost for a product for given period of time.

In the beach city of Santa Barbara, California, there are seven bathing suit stores, each with the same schedule of costs and each facing an identical demand curve. Swim N Style is

A local government authority owns and operates a leisure centre with numerous sporting facilities, residential accommodation, a cafeteria and a sports shop. The summer season lasts