Solution-What franklin variable overhead efficiency variance

What franklin variable overhead efficiency variance

Assignment Help Cost Accounting

Reference no: EM132596327

Franklin Glass Works' production budget for the year ended November 30, 2001 was based on 200,000 units. Each unit requires two standard hours of labor for completion. Total overhead was budgeted at P900,000 for the year, and the fixed overhead rate was estimated to be P3.00 per unit. Both fixed and variable overhead are assigned to the product on the basis of direct labor hours.

The actual data for the year ended November 30, 2001 are presented below.

Actual production in units 198,000

Actual direct labor hours 440,000

Actual variable overhead P 352,000

Actual fixed overhead P 575,000

Question 1: Franklin's variable overhead efficiency variance for the year ended November 30, 2001 is

A. P33,000 unfavorable

B. P66,000 unfavorable

C. P35,520 favorable

D. P33,000 favorable

Reference no: EM132596327

Questions Cloud

Compare the deontological approach to ethics : Compare the Deontological Approach to ethics, specifically paying attention to that of the function to Natural Law to that of the Virtue Theory.

How much of the lump-sum death payment is taxable : Elaina, a 57-year-old widow, lost her husband in 2019. How much of the lump-sum death payment is taxable

What normal capacity was used to determine fixed overhead : Actual production of 19,500 units resulted in a P3,000 favorable volume variance. What normal capacity was used to determine the fixed overhead rate?

What is the interest rate per annum : What is the interest rate per annum that the bank is offering to Irin?

What franklin variable overhead efficiency variance : What Franklin's variable overhead efficiency variance for the year ended November 30, 2001 is?Franklin Glass Works' production budget for the year

How much of central office cost would be allocated to resort : Woodland Hotels Inc. operates four resorts in the heavily wooded areas. How much of the central office costs would be allocated to each resort?

What would you do to help turn around the organization : USPS has been around for a long time delivering tradition mails for everbody in the United States. They seem to be losing money every year because USPS is run.

Facilitating successful change in organization : Why is vision essential to facilitating successful change in an organization?

How is sdlc beneficial to organizations : In 80 words or more Explain Agile Methodology as it pertains to Systems Development Life Cycle (SDLC)? How is this beneficial to organizations?

User Account

All Pages

What franklin variable overhead efficiency variance

Reference no: EM132596327

Reference no: EM132596327

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT