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Fixed Overhead Spending and Volume Variances, Columnar and Formula Approaches Branch Company provided the following information:...

  1. Fixed Overhead Spending and Volume Variances, Columnar and Formula Approaches

    Branch Company provided the following information:

    Standard fixed overhead rate (SFOR) per direct labor hour $5.00
    Actual fixed overhead $305,000
    BFOH $300,000
    Actual production in units 16,000
    Standard hours allowed for actual units produced (SH) 64,000

    Required

    Enter amounts as positive numbers and select Favorable (F) or Unfavorable(U).

    1. Using the columnar approach, calculate the fixed overhead spending and volume variances.

    (1) (2) (3)
               
         
    Spending Volume

    2. Using the formula approach, calculate the fixed overhead spending variance.

    $  

    3. Using the formula approach, calculate the fixed overhead volume variance.

    $  

    4. Calculate the total fixed overhead variance.

  2. Fixed Overhead Spending and Volume Variances, Columnar and Formula Approaches

    Branch Company provided the following information:

    Standard fixed overhead rate (SFOR) per direct labor hour $5.00
    Actual fixed overhead $305,000
    BFOH $300,000
    Actual production in units 16,000
    Standard hours allowed for actual units produced (SH) 64,000

    Required

    Enter amounts as positive numbers and select Favorable (F) or Unfavorable(U).

    1. Using the columnar approach, calculate the fixed overhead spending and volume variances.

    (1) (2) (3)
               
         
    Spending Volume

    2. Using the formula approach, calculate the fixed overhead spending variance.Favorable or unfavorable?

    $  

    3. Using the formula approach, calculate the fixed overhead volume variance. favorable or unfavorable?

    $  

    4. Calculate the total fixed overhead variance. favorable or unfavorable?

    $  

  3. $  

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Expert Solution

ekkarill92 answered 1 year ago
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