1 compute the overhead variances for the year

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1. Compute the overhead variances for the year: variable overhead cost variance, Total Variab variable overhead efficiency variance, fixed overhead cost variance, and fixed Contributio overhead volume variance. Fixed Costs Manufac
Great Fender Static Budget Performance Report For the Year Ended 2014 Variance ches of 22,000 nue cturing: Materials Labor le Overhead 4,950 nd Administrative: es ble Costs on Margin s: cturing nd Administrative Costs Income Actual Results Static Budget
P23-36 Calculating materials and labor variances and preparing journal entries This continues the Davis Consulting, Inc. situation from Problem P22-26 of Chapter 22. Assume Davis has created a standard cost card for each job. Standard Direct mate direct materials include 14 software packages at a cost of $900 per package. Standard direct labor costs per job include 90 hours at $120 per hour. Davis plans on completing 12 jobs during March 2013. Direct mate Actual direct materials costs for March include 90 software packages at a total cost Std Qty = 1 of $81,450. Actual direct costs included 100 hours per job at an average rate Actyual Qty of $125 per hour. Davis completed all 12 jobs in March. So Direct m Requirements 1. Calculate direct materials cost and efficiency variances.

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