23-3B_22e - Actual variable factory overhead cost incurred...

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Problem 23-3B Name: Section: Enter the appropriate amount in the shaded cells below. All amounts should be entered as positive values unless the cell comment indicates otherwise. A red asterisk (*) will appear to the right of an incorrect answer in the outlined cells. 1. a. Direct Materials Cost Variance Price variance: Actual price Standard price Variance - Actual quantity x = Quantity variance: Actual quantity Standard quantity Variance - Standard price x = Total direct material cost variance - b. Direct Labor Cost Variance Price variance: Actual rate Standard rate Variance - Actual time x = Time variance: Actual time Standard time Variance - Standard rate x = Total direct labor cost variance - c. Factory Overhead Cost Variance Variable factory overhead controllable variance:
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Unformatted text preview: Actual variable factory overhead cost incurred Budgeted variable factory overhead for 15,600 hrs. Variance -Fixed factory overhead volume variance: Normal capacity at 100% hours Standard for amount produced hours Productive capacity not used hours Standard fixed factory overhead cost rate x = Variance -Total factory overhead cost variance -Alternative Computation of Overhead Variances: Factory Overhead Actual Costs Applied Costs Balance Budgeted Factory Actual Factory Overhead for Amount Overhead Produced Variable cost Fixed cost Total Controllable Variance Total factory overhead cost variance Applied Factory Overhead Volume Variance...
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23-3B_22e - Actual variable factory overhead cost incurred...

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