The following information was gathered for Larsen Corp. for the year ending 20xx.   Budgeted direct labor hours                    15,500 Actual direct labor hours                         16,200 Budgeted factory overhead cost              $73,625 Actual factory overhead cost                   $74,990   -Assume direct labor hours is the cost driver   Required: What is the amount of over/underapplied overhead ? Is the variance over or under estimated ?

Q: The following information is available from the Terry Company:   Actual total factory overhead…

A: Formula: Applied Fixed overhead = Standard rate x Standard hours.

Q: The following data relate to factory overhead cost for the production of 6,000 computers: Actual:…

A: Workings for Answer-1: (1) Variable Factory Overhead Controllable Variance = Budgeted Variable…

Q: The following information relates to the Finishing department of Tom company for the fourth quarter:…

A: The question is based on the concept of Cost Accounting.

Q: The following information relates to Finishing department of Tom company for the fourth quarter:…

A: SOLUTION- EXPLANATION- SPENDING VARIANCE = ACTUAL FACTORY OVERHEAD - FLEXIBLE BUDGETED FACTORY…

Q: Using the following information                 Actual direct labor hours used,…

A: Variance analysis is the detailed analysis of the standards for the operations made relating to the…

Q: A has a normal capacity of 120 machines, working 8 hrs per day of 25 days in a month. company The…

A: Standard costing is used to compare the actual results with the budgeted figures and to take better…

Q: Electric Car Company listed the following data for the current year: Budgeted factory overhead…

A: Overhead is applied on predetermined overhead rate here based on direct labor hours. Then apply…

Q: Reddy Corporation has collected the following data for the month of June: Actual total factory…

A:

Q: A company is examining its Manufacturing Overhead for the year. You have been asked to examine the…

A: Variance Analysis - It is summary and analysis of difference between planned and actual numbers. It…

Q: The data below relate to the month of November for Badong, Inc. which uses a standard cost system:…

A: Labor rate variance = (standard rate - actual rate) * actual hours   -1400 = (standard rate -…

Q: Brice Corporation shows the following overhead information for the current period. Actual overhead…

A: Variable overhead price variance  =  Actual overhead -  ( Actual hours x Standard overhead rate )…

Q: Peters operated at 80% of capacity during the year but applied factory overhead based on the 90%…

A: Overhead amount of cost is the cost which is incurred by the company in order to make the product…

Q: Required: a. What was the budgeted volum

A: Under variable costing, fixed production overhead expenses are handled as period costs and charged…

Q: Selected operating information on three different companies for a recent year is given below.…

A: FIXED OVERHEAD VOLUME VARIANCE IS THE DIFFERENCE BETWEEN THE ALLOCATED FIXED OVERHEAD COST AND THE…

Q: What is the total labor cost variance?

A: Answer:   Option 1.

Q: Humphrey Manufacturing has the following standards for its production department:   Overhead is…

A: Overhead efficiency variance = (standard direct labor hours  -actual direct labor hours) x  Standard…

Q: Viger Corporation has a standard cost system in which it applies manufacturing overhead to products…

A: Solution:- Calculation of Variable overhead rate variance as follows under:-

Q: The following data relate to factory overhead cost for the production of 5,000 computers: Actual:…

A: Variable factory overhead volume variacne:   Budgeted variable factory overhead for 5,000…

Q: Bondi Corporation makes automotive engines. For the most recent month, budgeted production was 3,500…

A: Answer Variable overhead rate variance =Actual hours worked×(Standard overhead rate-Actual overhead…

Q: The following data relate to factory overhead cost for the production of 4,000 computers: Actual:…

A: Variance analysis is a technique which helps management to control on the business activities by…

Q: The following information relates to the Finishing department of Tom company for the overhead,…

A: Answer with explanation are as follows

Q: Normal annual capacity for ABC Company is 72,000 units, with fixed factory overhead budgeted at P…

A: “Since you have asked multiple sub-parts, we will solve the first three sub-parts for you. If you…

Q: The amount of budgeted overhead costs at normal capacity of P240,000 was divided by normal capacity…

A: Total Overhead Variance can be calculated by using the formula below:   Total Overhead Variance =…

Q: Print Works company has collected actual results for the current month as follows: Actual amounts:…

A: Variance is considered as the difference between budgeted value and actual results. The management…

Q: overall (or net) overhead variance

A: Budgeted fixed overhead P3,300 Budgeted variable overhead (3,500 hours * P3) P10,500 Total…

Q: Variable factory overhead controllable variance     Fixed factory overhead volume variance     Total…

A: Variance analysis refers to the difference between the actual and standard performance. When actual…

Q: ABC Inc. spent a total of $48,900 on factory overhead. Of this, $29,000 was fixed overhead. ABC Inc.…

A: Actual variable factory overhead = Total factory overhead - fixed factory overhead = $48900 - $29000…

Q: The cost formula for the maintenance department of Rainbow Ltd. is $19,400 per month plus $7.70 per…

A: Given, Fixed cost = $19,400 Variable cost = $7.70 per machine hour

Q: The following data relate to factory overhead cost for the production of 6,000 computers: Actual:…

A: a. Calculate the variable factory overhead controllable variance.

Q: The following describes production activities of Mercer Manufacturing for the year. Actual direct…

A: Variance: Variance refers to the difference level in the actual cost incurred and standard cost. The…

Q: Williams Corporation reports the following direct labor information for November: Standard rate $…

A: Labor Price variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked Labor…

Q: In October, Pine Company reports 20,600 actual direct labor hours, and it incurs $257,000 of…

A: overhead volume  variance  =  Standard hours  - normal hours) × fixed overhead  rate

Q: A manufacturing company is expected to complete a task in 45 minutes.  During a recent accounting…

A: Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked Labor…

Q: The following data for May has been provided by Mccawley Corporation.           Denominator…

A: Calculate overhead rate: Overhead rate = Budgeted fixed manufacturing overhead costs / Machine hours…

Q: At Overland Company, maintenance cost is exclusively a variable cost that varies directly with…

A: Budgeted Cost = Actual Cost - Unfavorable Variance = $9,800 - $200 = $9,600

Q: The following information relates to a given department of Mervi Company for the first quarter of…

A: 1)Calculation of the standard hours allowed for good output in this department as follows:- Total…

Q: Standish Company manufactures consumer products and provided the following information for the month…

A: Overhead represents the indirect cost involved in the production process of the company.

Q: The following data relate to factory overhead cost for the production of 10,000 computers: Actual:…

A: Solution: Actual cost of variable overhead $262,000.00   less: Standard cost of variable…

Q: The following information relates to the Finishing department of Tom company for the fourth quarter:…

A:

Q: ABC Inc. spent a total of $49,760 on factory overhead. Of this, $28,000 was fixed overhead. ABC Inc.…

A: Variance is considered as the difference between budgeted value and actual results. The management…

Q: The following data relate to factory overhead cost for the production of 4,000 computers: Actual:…

A: Formulas: Controllable variance = Actual variable over head - (Standard hours *(Standard rate -…

Q: Using the following information                 Actual direct labor hours used,…

A: Note: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered…

Q: What is the variable overhead efficiency​ variance?

A: Variable overhead efficiency variance:   Variable overhead rate variance is the difference between…

Q: The following data for february has been provided by Gillard corporation     Denominator level…

A: Compute the budget variance for February: Budget variance = Budgeted overheads - Actual overheads…