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In: Accounting
Tucker Company produced 7,000 units of product that required 3.2 standard hours per unit. The standard...
Tucker Company produced 7,000 units of product that required 3.2 standard hours per unit. The standard variable overhead cost per unit is $6.40 per hour. The actual variable factory overhead was $140,490. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number.
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ekkarill92 answered 1 year agoRelated Solutions
Bellingham Company produced 6,600 units of product that required 8.5 standard direct labor hours per unit....
Bellingham Company produced 6,600 units of product that required
8.5 standard direct labor hours per unit. The standard variable
overhead cost per unit is $6.10 per direct labor hour. The actual
variable factory overhead was $332,290. Determine the variable
factory overhead controllable variance. Enter a favorable variance
as a negative number using a minus sign and an unfavorable variance
as a positive number.
$
Units Produced 131000 Standard direct labor hours per unit .20 Standard variable OH rate per dierect...
Units Produced 131000
Standard direct labor hours per unit .20
Standard variable OH rate per dierect labor hour 3.4
actual variable overhead costs 8670
Actaul hours worked 26350
1. Calculate the total variable overhead variance
2. What if the actual production was 129600 units? How would
that affect the total variable overhead variance?
the total variable overhead variance
2. What if actual production has been
The Assembly Department produced 4,000 units of product during March. Each unit required 1.5 standard direct...
The Assembly Department produced 4,000 units of product during
March. Each unit required 1.5 standard direct labor hours. There
were 6,400 actual hours used in the Assembly Department during
March at an actual rate of $14.5 per hour. The standard direct
labor rate is $15.5 per hour.
Assuming direct labor for a month is paid on the fifth day of
the following month, journalize the direct labor in the Assembly
Department on March 31. For a compound transaction, if an...
1. Dvorak Company produced 2,800 units that require 11 standard pounds per unit at $3.5 standard...
1.
Dvorak Company produced 2,800 units that require 11 standard
pounds per unit at $3.5 standard price per pound. The company
actually used 29,600 pounds in production.
Journalize the entry to record the standard direct materials
used in production. For a compound transaction, if an amount box
does not require an entry, leave it blank.
Work in Process
Direct Materials Quantity Variance
Materials
2.
The following data relate to the direct materials cost for the
production of 2,400 automobile tires:...
Required information Hickory Company manufactures two products—15,000 units of Product Y and 7,000 units of Product...
Required information
Hickory Company manufactures two products—15,000 units of
Product Y and 7,000 units of Product Z. The company uses a
plantwide overhead rate based on direct labour-hours. It is
considering implementing an activity-based costing (ABC) system
that allocates all of its manufacturing overhead to four cost
pools. The following additional information is available for the
company as a whole and for Products Y and Z:
Activity Measure
Estimated Overhead Cost
Expected Activity
Machining
Machine-hours
$
227,700
11,000
MHs
Machine...
Ferris Company began January with 7,000 units of its principal product. The cost of each unit...
Ferris Company began January with 7,000 units of its principal
product. The cost of each unit is $6. Merchandise transactions for
the month of January are as follows:
Purchases
Date of Purchase
Units
Unit Cost*
Total Cost
Jan. 10
6,000
$
7
$
42,000
Jan. 18
7,000
8
56,000
Totals
13,000
98,000
* Includes purchase price and cost of freight.
Sales
Date of Sale
Units
Jan. 5
3,000
Jan. 12
3,000
Jan. 20
4,000
Total
10,000
10,000 units were on...
Ferris Company began January with 7,000 units of its principal product. The cost of each unit...
Ferris Company began January with 7,000 units of its principal
product. The cost of each unit is $6. Merchandise transactions for
the month of January are as follows:
Purchases
Date of Purchase
Units
Unit Cost*
Total Cost
Jan. 10
6,000
$
7
$
42,000
Jan. 18
7,000
8
56,000
Totals
13,000
98,000
* Includes purchase price and cost of freight.
Sales
Date of Sale
Units
Jan. 5
3,000
Jan. 12
3,000
Jan. 20
4,000
Total
10,000
10,000 units were on...
Ferris Company began January with 7,000 units of its principal product. The cost of each unit...
Ferris Company began January with 7,000 units of its principal
product. The cost of each unit is $6. Merchandise transactions for
the month of January are as follows:
Purchases
Date of Purchase
Units
Unit Cost*
Total Cost
Jan. 10
6,000
$
7
$
42,000
Jan. 18
7,000
8
56,000
Totals
13,000
98,000
* Includes purchase price and cost of freight.
Sales
Date of Sale
Units
Jan. 5
3,000
Jan. 12
3,000
Jan. 20
4,000
Total
10,000
10,000 units were on...
Ferris Company began 2018 with 7,000 units of its principal product. The cost of each unit...
Ferris Company began 2018 with 7,000 units of its principal
product. The cost of each unit is $6. Merchandise transactions for
the month of January 2018 are as follows: Purchases Date of
Purchase Units Unit Cost* Total Cost Jan. 10 6,000 $ 7 $ 42,000
Jan. 18 7,000 8 56,000 Totals 13,000 98,000 *Includes purchase
price and cost of freight. Sales Date of Sale Units Jan. 5 3,000
Jan. 12 1,000 Jan. 20 4,000 Total 8,000 12,000 units were on...
Ferris Company began January with 7,000 units of its principal product. The cost of each unit...
Ferris Company began January with 7,000 units of its principal
product. The cost of each unit is $6. Merchandise transactions for
the month of January are as follows:
Purchases
Date of Purchase
Units
Unit Cost*
Total Cost
Jan. 10
6,000
$
7
$
42,000
Jan. 18
7,000
8
56,000
Totals
13,000
98,000
* Includes purchase price and cost of freight.
Sales
Date of Sale
Units
Jan. 5
3,000
Jan. 12
3,000
Jan. 20
4,000
Total
10,000
10,000 units were on...
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