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Unformatted text preview: 93,483 30753+62730 Overhead flexible budget variance $12,197 U Production volume variance: Flexible budget overhead for actual outputs $93,483 Standard overhead allocated to production 92,259 Production volume variance $1,224 U Favorable because actual price is cheaper UnFavorable because actual cost is higher UnFavorable because actual quantity used is higher Favorable because less actual hours were used ( ( 31365+62730 ) /10250)*10050 P2227A Given Direct Labor flexible budget variance 1385 U Standard labor Rate 10.00 Actual labor rate 10.50 Actual Standard direct labor hours 4450 Req. 1 Standard labor cost $44,500 4450*10.00 Actual labor cost $45,885 44500+1385 Direct labor hours 4,370 45885/10.50 Req. 2 Direct labor price variance $2,185 U (10-10.5)*4370 Direct labor efficiency variance $800 F (4370-4450)*10...
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