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Compare the flexible budget with the actual overhead

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Reference no: EM13513668

The following shows factory overhead budget information for Los Alamitos, Inc., for the year:

Indirect materials used

$0.50 per machine hour plus

$6,000 fixed cost

Indirect labor

$92,000 fixed cost

Repairs and maintenance

$1.50 per machine hour plus

$2,100 fixed cost

Depreciation

$9,500 fixed cost

Rent

$12,000 fixed cost

In 19A, the company operated at 11,000 machine hours and incurred the following overhead costs:

Indirect materials used

$11,700

Indirect labor

91,000

Power

10,650

Repairs and maintenance

19,200

Depreciation

9,500

Rent

12,500

Compare the flexible budget with the actual overhead, computing a variance for each item and for the total overhead. Indicate whether variances are favorable (F) or unfavorable (U).

Reference no: EM13513668

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