Answer to 1. StandardActualVariable OH Rate$3.35 Fixed OH Rate$1.80 Hours18,90017,955Fixed Overhead$46000 Actual Variable Overhea Answer to Standard Actual Variable OH Rate $3.35 Fixed OH Rate $1.80 Hours 18900 17955 Fixed Overhead $46000 Actual Variable O Actual variable overhead 67430 Total factory overhead 101450 Actual hours are from $3.35) = $7,280.75 Unfavorable Variance Fixed Factory Overhead Volume Hours for Actual Units Produced) × Fixed Factory Overhead Rate = ( 18,900 accounts Standard Actual Variable OH rate $3.35 Fixed OH rate $1.80 Hours 18,900 17,955* Fixed overhead $46,000 Actual variable overhead $67,430 Total 2 Sep 2019 In numerical terms, variable overhead efficiency variance is defined as (actual labor hours less budgeted labor hours) x hourly rate for standard 4 May 2017 Standard overhead rate x (Actual hours - Standard hours) = Variable overhead efficiency variance. A favorable variance means that the actual 5 Sep 2019 Standard Actual Variable OH Rate $3.35. Fixed OH Rate $1.80. Hours 18,900 17,955. Fixed Overhead $46,000. Actual Variable Overhead
Standard $3.35 $1.80 18,900 $46,000 Actual Variable OH rate Fixed OH rate Hours Fixed overhead Actual variable overhead Total factory overhead 17 955* $67430 $101 450 *Actual hours are equal to standard hours for units produced. The total factory overhead cost variance is a. Answer to Standard Actual Variable OH Rate $3.35 Fixed OH Rate $1.80 Hours 18,900 17,955 Fixed Overhead $46,000 Factory Overhead $101,450 71.
“This year, most of our claims will almost certainly be a result of a low corn price.”. Nationwide, corn crop prices are looking like they will be well below the spring guarantee corn price of $3.86. If corn is in the $3.00 to $3.35 range, that will likely trigger many revenue-based crop insurance claims. vr fee schedule rates & descriptions table 1: individual fee schedule rates service description rate per unit unit (duration) bilingual supplement service rate + 10% variable service area modifier – level i (up to 35 miles one way) $39.00 flat fee service area modifier – level ii (36 – 50 miles one way) $56.00 flat fee The variable overhead rate was $3 per hour. Actual fixed overhead was $360,000 and actual variable overhead was $170,000. Actual production was 11,700 units. Compute the factory overhead volume variance. A) $5,500F. B) $9,000U. C) $5,500U. D) $9,000F beginning in FY 2020, the MFT rate is projected to rise by one cent annually. Accounting for the inflation and a 1% rise in motor fuel consumption, LSC projects a 2.2% growth rate in MFT revenues from FY 2021 to FY 2023. Accordingly, LSC estimates MFT revenue ranging from $3.14 billion in FY 2020 to $3.35 billion in FY 2023.
Standard Actual Variable OH Rate $3.35 Fixed OH Rate $1.80 Hours 18,900 17,955 Fixed Overhead $46,000 Actual Variable Overhead $67,430 Total Factory Overhead $101,450 Calculate The Variable Factory Overhead Controllable Variance Using The Above Information: A) $8,981.75 Unfavorable B) $8,981.75 Favorable C) $7,280.75 Favorable D) Variable OH rate $3.35 Fixed OH rate $1.80 Hours standard 18,900. actual 17,955* Fixed overhead $46,000 Actual variable overhead $67,430 Total factory overhead $101,450 *Actual hours are equal to standard hours for units produced. Tthe variable factory overhead controllable variance is Standard $3.35 $1.80 18,900 $46,000 Actual Variable OH rate Fixed OH rate Hours Fixed overhead Actual variable overhead Total factory overhead 17 955* $67430 $101 450 *Actual hours are equal to standard hours for units produced. The total factory overhead cost variance is a. Answer to Standard Actual Variable OH Rate $3.35 Fixed OH Rate $1.80 Hours 18,900 17,955 Fixed Overhead $46,000 Factory Overhead $101,450 71.
Standard Actual Variable OH rate $3.35 Fixed OH rate $1.80 Hours 18,900 17,955* Fixed overhead $46,000 Actual variable overhead $67,430 Total factory overhead $101,450 *Actual hours are equal to standard hours for units produced. Variable OH Efficiency Variance = (Actual OH base x Std Variable OH per base) – (Std OH base x Std Variable OH per base) For Beta Company, the Variable OH rate per machine hour is $2 (calculated above) and actual variable overhead was $46,000 for 22,000 actual machine hours. Management expected to use 20,000 hours for 10,000 units produced. The variable overhead rate was $3 per hour. Actual fixed overhead was $360,000 and actual variable overhead was $170,000. Actual production was 11,700 units. Compute the factory overhead volume variance. A) $5,500F. B) $9,000U. C) $5,500U. D) $9,000F. The condensed income statement for a business for the past year is presented as follows: vr fee schedule rates & descriptions table 1: individual fee schedule rates service description rate per unit unit (duration) bilingual supplement service rate + 10% variable service area modifier – level i (up to 35 miles one way) $39.00 flat fee service area modifier – level ii (36 – 50 miles one way) $56.00 flat fee