Ch 10 problem 10-54

# Ch 10 problem 10-54 - 10-54(45 MINUTES Missing amounts for case A 2 \$21.00a per hour 3 \$28.50b per hour 6 \$294,150c 9 \$7,500 Ud 10 \$9,000 Fe 11

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10-54 (45 MINUTES) Missing amounts for case A: 2. \$21.00 a per hour 3. \$28.50 b per hour 6. \$294,150 c 9. \$7,500 U d 10. \$9,000 F e 11. \$(126,000) (Negative) f (The negative sign means that applied fixed overhead exceeded budgeted fixed overhead.) 12. \$24,150 underapplied g 13. \$135,000 overapplied h 16. 6,000 units i 19. \$270,000 j 20. \$756,000 k Explanatory notes for case A: a Budgeted direct-labour hours = budgeted production × standard direct-labour hours per unit = 5,000 units × 6 hrs. = 30,000 hrs. Fixed overhead rate = hours labor - direct budgeted overhead fixed budgeted = hr. per \$21 hrs. 30,000 \$630,000 =

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10-54 (CONTINUED) b Total standard overhead rate = variable overhead rate + fixed overhead rate = \$7.50 + \$21.00 = \$28.50 c Variable-overhead spending variance = actual variable overhead – (actual direct-labour hours × standard variable overhead rate) \$16,650 U = actual variable overhead – (37,000 × \$7.50) Actual variable overhead = \$294,150 d Variable-overhead efficiency variance
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## This note was uploaded on 02/18/2012 for the course BUSE 237 taught by Professor Sf during the Spring '12 term at Simon Fraser.

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Ch 10 problem 10-54 - 10-54(45 MINUTES Missing amounts for case A 2 \$21.00a per hour 3 \$28.50b per hour 6 \$294,150c 9 \$7,500 Ud 10 \$9,000 Fe 11

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