Solution-Calculate the rate variance for fixed

Calculate the rate variance for fixed manufacturing overhead

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Reference no: EM132746619

Spencer Limited manufactures Circuit Boards. Spencer allocates fixed overhead to each Circuit Board using Machine Hours. Each Circuit Board is budgeted to take twenty minutes of machine time to complete. Spencer had budgeted to complete 25,200 Circuit Boards in November.

The budgeted fixed overhead for November was $180,600. Actual fixed overhead cost for November was $182,600 and 25,500 tablets were started and completed.

Required:

Problem 1. Calculate the Flexible Budget Variance for Fixed Manufacturing Overhead

Problem 2. Calculate the Rate Variance for Fixed Manufacturing Overhead

Problem 3. Calculate the Efficiency Variance for Fixed Manufacturing Overhead

Problem 4. Calculate the Production Volume Variance for the month.

Problem 5. Calculate the over/under allocated Fixed Manufacturing Overhead for the month.

Reference no: EM132746619

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Calculate the rate variance for fixed manufacturing overhead

Reference no: EM132746619

Reference no: EM132746619

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