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Author Question: Cold Products Corporation manufactured 32,000 ice chests during September. The variable overhead ... (Read 51 times)

Collmarie

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Question 1

Cold Products Corporation manufactured 27,000 ice chests during September. The variable overhead cost-allocation base is $11.75 per machine-hour. The following variable overhead data pertain to September:

ActualBudgeted
Production27,000 units26,000 units
Machine-hours13,500 hours7,800 hours
Variable overhead cost per machine-hour:$11.25$11.75
What is the variable overhead efficiency variance?
◦ $6,750 favorable
◦ $63,450 unfavorable
◦ $56,700 unfavorable
◦ $66,975 unfavorable

Question 2

Cold Products Corporation manufactured 32,000 ice chests during September. The variable overhead cost-allocation base is $13.45 per machine-hour. The following variable overhead data pertain to September:

ActualBudgeted
Production32,000 units26,000 units
Machine-hours15,200 hours10,800 hours
Variable overhead cost per machine-hour:$13.25$13.45
What is the variable overhead spending variance?
◦ $3,040 favorable
◦ $25,658 unfavorable
◦ $22,618 unfavorable
◦ $59,180 unfavorable


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Marked as best answer by Collmarie on Mar 6, 2021

nyrave

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Collmarie

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Reply 2 on: Mar 6, 2021
Wow, this really help


hramirez205

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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