Homework 041008 - ACCY 202 Spring 2008 Exercises 10-28, 29,...

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ACCY 202 Spring 2008 Solutions to Homework Handed In 04/10/08 Exercises 10-28, 29, 30, 33 Problems 10-34, 41 Exercise 10-28 Larsen Company had the data below for its most recent year Actual Costs Variable OH Standards Indirect Labor 3,000 Indirect Labor 0.1 8 Supplies 700 Supplies 0.1 2 Actual Hours Worked 400 Number of Units Produced 5,000 Std VOH rate 10 per DLH Hours Allowed for Production 500 Prepare a performance report Cost Labor 8 3,000 3,200 (200) 4,000 (800) Supplies 2 700 800 (100) 1,000 (200) Total 10 3,700 4,000 (300) 5,000 (1,000) Exercise 10-29 Joven Inc operates a delivery service for over 70 restaurants. The corporation has a fleet of vehicles and a sophisticated computerized communication system. Joven has the following data on last year Deliveries made 42,000 Direct Labor 30,000 hours @ 7 Actual Variable Overhead 138,000 Standard Variable OH Rate 4.05 Standard Variable OH Base 0.75 hours per delivery Calculate the variable overhead spending and efficiency variances VOH Spending Variance (AVOR - SVOR) x AH 4.60 4.05 0.55 30,000 16,500 U VOH Efficiency Variance (AH - SH) x SVOR 30,000 31,500 (1,500) 4.05 (6,075) F Cost Formula Actual Costs Budget for Actual Hours Spending Variance Budget for Standard Hours Efficiency Variance
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ACCY 202 Spring 2008 Solutions to Homework Handed In 04/10/08 Exercises 10-28, 29, 30, 33 Problems 10-34, 41 Exercise 10-30 Refer to exercise 10-29. Assume actual fixed overhead was
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Homework 041008 - ACCY 202 Spring 2008 Exercises 10-28, 29,...

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