Home / Questions / Jay Enterprises collected the following data regardingproduction of one of its products.
Jay Enterprises collected the following data regardingproduction of one of its products.
Compute the variable overhead cost variance, the variableoverhead spending variance, the variable overhead efficiencyvariance, the fixed overhead cost variance, the fixed overheadspending variance, and the fixed overhead volumevariance.
Direct labor standard (2 hrs. @ $15/hr.) |
$30.00 per finished unit |
Actual direct labor hours |
60,800 hrs. |
Budgeted units |
31,000 units |
Actual finished units produced |
30,000 units |
Standard variable OH rate (2 hrs. @ $14.00/hr.) |
$28.00 per finished unit |
Standard fixed OH rate ($310,000/31,000 units) |
$10.00 per unit |
Actual variable overhead costs incurred |
$857,600 |
Actual fixed overhead costs incurred |
$312,000 |
Dec 04 2019 View more View Less
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