Question
In: Accounting
Fletcher Company collected the following data regarding production of one of its products. Compute the variable...
Fletcher Company collected the following data regarding
production of one of its products. Compute the variable overhead
efficiency variance.
| Direct labor standard (2 hrs. @ $12.60/hr.) | $ | 25.20 | per finished unit | |
| Actual direct labor hours | 101,500 | hrs. | ||
| Budgeted units | 61,000 | units | ||
| Actual finished units produced | 50,000 | units | ||
| Standard variable OH rate (2 hrs. @ $16.20/hr.) | $ | 32.40 | per finished unit | |
| Standard fixed OH rate ($603,900/61,000 units) | $ | 9.90 | per unit | |
| Actual cost of variable overhead costs incurred | $ | 1,614,000 | ||
| Actual cost of fixed overhead costs incurred | $ | 605,000 | ||
Multiple Choice
-
$307,800 unfavorable.
-
$24,300 favorable.
-
$6,000 unfavorable.
-
$6,000 favorable.
-
$24,300 unfavorable.
Solutions
Expert Solution
Variable overhead efficiency variance
= (Standard hours - Actual hours) * Standard rate
= (2*50,000 - 101,500) * 16.20
= (100,000 - 101,500)*16.20
= 24,300 Unfavorable
ekkarill92 answered 2 years agoRelated Solutions
22. Fletcher Company collected the following data regarding production of one of its products. Compute the...
22. Fletcher Company collected the following data regarding
production of one of its products. Compute the variable overhead
cost variance.
Direct labor standard (2.0 hrs. @ $13.40/hr.)
$
26.80
per finished unit
Actual direct labor hours
92,500
hrs.
Budgeted units
47,500
units
Actual finished units produced
45,500
units
Standard variable OH rate (2 hrs. @ $15.20/hr.)
$
30.40
per finished unit
Standard fixed OH rate ($589,000/47,500 units)
$
12.40
per unit
Actual cost of variable overhead costs incurred
$
1,379,200...
Barbaro Production Company has developed the following standards for one of its products: STANDARD VARIABLE COST...
Barbaro Production Company has developed the following standards
for one of its products:
STANDARD VARIABLE COST CARD
One Unit of Product
Materials: 30 square feet × $5 per square foot $150.00
Direct labor: 16 hours × $7 per hour 112.00
Variable manufacturing overhead: 16 direct labor hours × $5 per
hour 80.00
Total standard variable cost per unit $342.00
The company records materials price variances at the time of
purchase. The following activity occurred during the month of
April:
Materials...
Parallel Enterprises has collected the following data on one of its products. During the period the...
Parallel Enterprises has collected the following data on one of
its products. During the period the company produced 25,000 units.
What is the direct materials price variance? Direct materials –
standard (7 kg. @ $2.40/kg) $16.80 per finished unit Actual cost of
materials purchased $402,500 Actual direct materials purchased and
used 158,000 lbs
Parallel Enterprises has collected the following data on one of its products. During the period the...
Parallel Enterprises has collected the following data on one of
its products. During the period the company produced 25,000 units.
What is the direct materials price variance?
Direct materials – standard (7 kg. @ $2.40/kg)
$16.80 per finished unit
Actual cost of materials purchased
$402,500
Actual direct materials purchased and used
158,000 lbs
a.
$23,300 U
b.
$23,300 F
c.
$40,800 F
d.
$40,800 U
e.
$17,500 U
Parallel Enterprises has collected the following data on one of
its products....
1.) Georgia, Inc. has collected the following data on one of its products. The direct materials...
1.) Georgia, Inc. has collected the following data on one of its
products. The direct materials price variance is:
Direct materials standard (3 lbs @ $1/lb)
$3
per finished unit
Total direct materials cost variance—unfavorable
$22,250
Actual direct materials used
100,000
lbs.
Actual finished units produced
25,000
units
2.) Milltown Company specializes in selling used cars. During
the month, the dealership sold 32 cars at an average price of
$16,000 each. The budget for the month was to sell 30...
Variance Analysis Peter Enterprises has collected the following data on one of its products. During the...
Variance Analysis
Peter Enterprises has collected the following data on one of its
products. During the period the company produced生产了（件） 25,000
units. The direct materials quantity variance
直接原材料数量差异is:
Direct materials standard (7 kg. @ $2.05/kg)
$14.35
per finished unit
Actual cost of materials purchased
$332,150
Actual direct materials purchased and used
151,000
kg
Multiple Choice
$22,600 favorable.
$26,600 unfavorable.
$49,200 favorable.
$49,200 unfavorable.
$22,600 unfavorable.
The following data for the dependent variable, y, and the independent variable, x, have been collected...
The following data for the dependent variable, y, and the
independent variable, x, have been collected using simple random
sampling:
X
Y
10
120
14
130
16
170
12
150
20
200
18
180
16
190
14
150
16
160
18
200
Construct a scatter plot for these data. Based on the scatter
plot, how would you describe the relationship between the two
variables?
Compute the correlation coefficient.
Fletcher Fabrication, Inc., produces three products by a joint production process. Raw materials are put into...
Fletcher Fabrication, Inc., produces three products by a joint
production process. Raw materials are put into production in
Department X, and at the end of processing in this department,
three products appear. Product A is sold at the split-off point
with no further processing. Products B and C require further
processing before they are sold. Product B is processed in
Department Y, and product C is processed in Department Z. The
company uses the estimated net realizable value method of...
Fletcher Fabrication, Inc., produces three products by a joint production process. Raw materials are put into...
Fletcher Fabrication, Inc., produces three products by a joint
production process. Raw materials are put into production in
Department X, and at the end of processing in this department,
three products appear. Product A is sold at the split-off point
with no further processing. Products B and C require further
processing before they are sold. Product B is processed in
Department Y, and product C is processed in Department Z. The
company uses the estimated net realizable value method of...
Fletcher Fabrication, Inc., produces three products by a joint production process. Raw materials are put into...
Fletcher Fabrication, Inc., produces three products by a joint
production process. Raw materials are put into production in
Department X, and at the end of processing in this department,
three products appear. Product A is sold at the split-off point
with no further processing. Products B and C require further
processing before they are sold. Product B is processed in
Department Y, and product C is processed in Department Z. The
company uses the estimated net realizable value method of...
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