Business, 30.03.2020 16:38 briannabridgewater01

Variable Overhead Spending and Efficiency Variances, Columnar and Formula Approaches

Aretha Company provided the following information:

Standard variable overhead rate (SVOR) per direct labor hour $4.70
Actual variable overhead costs $335,750
Actual direct labor hours worked (AH) 69,200
Actual production in units 14,000
Standard hours (SH) allowed for actual units produced 70,000
Required:

1. Using the columnar approach, calculate the variable overhead spending and efficiency variances. Enter amounts as positive numbers and select Favorable (F) or Unfavorable (U).2. Using the formula approach, calculate the variable overhead spending variance. Enter amount as a positive number and select Favorable or Unfavorable.
3. Using the formula approach, calculate the variable overhead efficiency variance. Enter amount as a positive number and select Favorable or Unfavorable.
4. Calculate the total variable overhead variance. Enter amount as a positive number and select Favorable or Unfavorable.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 23:30

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

Answers: 1

Answer

Business, 22.06.2019 00:10

What are the forecasted levels of the line of credit and special dividends? (hints: create a column showing the ratios for the current year; then create a new column showing the ratios used in the forecast. also, create a preliminary forecast that doesn’t include any new line of credit or special dividends. identify the financing deficit or surplus in this preliminary forecast and then add a new column that shows the final forecast that includes any new line of credit or special dividend.) now assume that the growth in sales is only 3%. what are the forecasted levels of the line of credit and special dividends?

Answers: 1

Answer

Business, 22.06.2019 15:30

Careers in designing, planning, managing, building and maintaining the built environment can be found in the following career cluster: a. agriculture, food & natural resources b. architecture & construction c. arts, audio-video technology & communications d. business, management & administration

Answers: 2

Answer

Business, 22.06.2019 20:50

Stormie zanzibar owns a bakery in the fictitious country of olombia. each month the government’s market ministry mails her a large list of the regulated price of goods which include products like bread, muffins and flat bread. the list also dictates the types of goods she can sell at the bakery and what she is to charge. because of the regulations placed on these goods, stormie has increased her production of sweets, pies, cakes, croissants and buns and decreased her supply of breads, muffins and flat bread. she has taken these steps because the sweet goods’ prices are not government controlled. stormie zanzibar lives under what type of economy?

Answers: 3

Answer

You know the right answer?

Variable Overhead Spending and Efficiency Variances, Columnar and Formula Approaches

Are...

Questions