2010-08-03_203803_13-48

2010-08-03_203803_13-48 - 13-48 Overhead Variances Study...

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Unformatted text preview: 13-48 Overhead Variances Study Appendix 13. Consider the following data for the Rivera Company: Factory Overhead Fixed Variable Actual incurred $14,200 $13,300 Budget for standard hours allowed for output achieved 12,500 11,000 Applied 11,600 11,000 Budget for actual hours of input 12,500 11,400 From the above information, fill in the blanks below. Be sure to mark your variances F for favorable and U for unfavorable. a. Flexible-budget variance $______ Fixed $______ Variable $______ b. Production-volume variance $______ Fixed $______ Variable $______ c. Spending variance $______ Fixed $______ Variable $______ d. Efficiency variance $______ Fixed $______ Variable $______ 13-48 Variances in dollars: 4,000 U Fixed Variable 1,700 U1 2,300 U2 900 U Fixed Variable 900 U3 NA Spending variance 3,600 U Fixed Variable 1,700 U4 1,900 U5 Efficiency variance 400 U Fixed Variable NA 400 U6 Flexible-budget variance Production-volume variance NA = not applicable 1. 2. 3. 4. 5. $14,200 - $12,500 $13,300 - $11,000 $12,500 - $11,600 $14,200 - $12,500 $13,300 - $11,400 6. $11,400 - $11,000 ...
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2010-08-03_203803_13-48 - 13-48 Overhead Variances Study...

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