Variable overhead expenditure variance, Cost Accounting

Assignment Help:

Variable Overhead Expenditure Variance

Budget for December 2003;	Shs.
Fixed Overheads	11,480
Variable Overheads	13,120
Labour Hours	3,280 hours
Standard Hours of Production	3,280 hours
Actual Results for December 2003	Shs.
Fixed Overheads	12,100
Actual Variable Overheads	13,930
Actual Labour Hours	3,150/hours
Standard Hours of Production	3,280 hours

= Actual Variable Overheads - (Actual labour hours x V.O.A.R)

= Shs.13, 930 - (3,150 x 4)

= Shs.13, 930 - Shs.12,600

= Shs.1, 330 Unfavourable

The variance is unfavourable since we spent more than allowed.

Related Discussions:- Variable overhead expenditure variance

Cost sheet, Marple Associates is a consulting firm that specializes in info...

Marple Associates is a consulting firm that specializes in information systems for construction and landscaping companies. The firm has two offices-one in Houston and one in Dallas

Non-profit cash flows statement, Are non-profit and governments required to...

Are non-profit and governments required to depreciate assets? Why or why not? Would it make sense for them to use double declining balance? Is there a difference between a non-p

WACC, formula for calculting WACC

formula for calculting WACC

The purposes of cost accounting information, what are the purposes of cost ...

what are the purposes of cost accounting information

Factors affect decision making, Factors affect Decision Making These d...

Factors affect Decision Making These decisions need consideration of factors as like A. The level of market possible to be available in future B. The strategy that compe

Maeginal costing approach, advantage of marginal costing

advantage of marginal costing

Uniform Capitalization rules, Are public service corporations subject to un...

Are public service corporations subject to uniform capitalization rules?

four decisions for which abc information is useful, What are the key reaso...

What are the key reasons for product cost differences among traditional costing system and ABC systems? Explain four decisions for which ABC information is useful?

Considerations in variance investigation, Considerations in Variance Invest...

Considerations in Variance Investigation As already notice above, not all variances are investigated; this is only the material and meaningful as for cost control reasons vari

Estimate finished goods cost of goods sold , ln an attempt to conceal a the...

ln an attempt to conceal a thefi of funds, Kaito Kid, controller of Shinichi Products, lnc. placed a bomb in the company s record vault. The ensuing explosion left only fragments o

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages