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Minchanka [31]
3 years ago
8

Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overh

ead costs for the most recent month appear below: Original Budget Actual Costs Variable overhead costs: Supplies $ 7,700 $ 7,890 Indirect labor 10,710 10,060 Fixed overhead costs: Supervision 15,510 14,480 Utilities 14,800 14,850 Factory depreciation 59,780 60,760 Total overhead cost $ 108,500 $ 108,040 The company based its original budget on 7,700 machine-hours. The company actually worked 7,660 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 7,590 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month? (Round your intermediate calculations to 2 decimal places.)
Business
1 answer:
aalyn [17]3 years ago
8 0

Answer:

$1,287  unfavorable

Explanation:

According to the scenario, computation of the given data are as follow:-

But before that we need to calculate the following things

Total Budgeted Fixed Cost

= Supervision Fixed Cost + Utilities Fixed Cost + Factory Depreciation Fixed Cost

= $15,510 + $14,800 + $59,780

= $90,090

Budgeted Fixed Manufacturing Overhead Rate

= Total Budgeted Fixed Cost  ÷ Original Budgeted Machine Hours

= $90,090 ÷ 7,700 hours

= $11.7

Based on the above calculation, the overall fixed manufacturing overhead volume variance is

= Budgeted Fixed Manufacturing Overhead Rate × (Original Budgeted Machine Hours - Actual Output of Month Totaled)

= $11.7 × (7,700 hours - 7,590 hours)

= $11.7 × 110

= $1,287  unfavorable

According to the analysis, the overall fixed manufacturing overhead volume variance for the month is $1,287

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