13-67 Straightforward Problem on Standard Cost System
Study Appendix 13.
The Winnipeg Chemical Company uses flexible budgets and a standard cos
• Direct-labor costs incurred, 12,000 hours,
$150,000
• Variable-overhead costs incurred,
$1,600, favorable
6 hours
Prepare an analysis of all variances (similar to Exhibit 13-11, p. 614).
• Fixed-overhead flexible-budget variance,
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- Spring '10
- Johnson
- Variance, $3, $1,600, $38,000, $13, $37,000 1,800
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