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Katen [24]
3 years ago
14

Branch Company provided the following information: Standard fixed overhead rate (SFOR) per direct labor hour $5.00 Actual fixed

overhead $305,000 BFOH $300,000 Actual production in units 16,000 Standard hours allowed for actual units produced (SH) 64,000 Required Enter amounts as positive numbers and select Favorable (F) or Unfavorable(U). 1. Using the columnar approach, calculate the fixed overhead spending and volume variances. (1) (2) (3) Spending Volume 2. Using the formula approach, calculate the fixed overhead spending variance. $ 3. Using the formula approach, calculate the fixed overhead volume variance. $ 4. Calculate the total fixed overhead variance. $
Business
1 answer:
Liula [17]3 years ago
5 0

Answer:

1. $5000 unfavorable

2. 3000 hrs favorable

Explanation:

Fixed Overhead spending variance

Budgeted fixed overhead - Actual fixed overhead

$300,000 - $305,000

= $5,000 unfavorable

Fixed Overhead volume variance

Actual volume = actual fixed overhead / Actual fixed overhead per hr

= $305,000 / $5

= 61000 hrs

(Budgeted volume - Actual volume) * budgeted rate

64000 hrs - 61000 hrs

= 3000 hrs favorable

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3 years ago
Zona pharmaceuticals is a global pharmaceutical firm based out of Texas. It employs 3200 people who work all over the United Sta
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Answer: Define metrics to assess project progress and identify project-related risks

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3 years ago
U.S. startup, MotorShoes, sells athletic shoes with wheels and a small motor that can allow the wearer to reach speeds of up to
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3 0
3 years ago
An article in Forbes noted that the Intercounty Connector toll road that connects two counties in Maryland was not generating
Roman55 [17]

Answer:

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3 0
3 years ago
A distributor of large appliances needs to determine the order quantities and reorder points for the various products it carries
blondinia [14]

Answer:

a. 32 refrigerators

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Explanation:

a. The computation of the economic order quantity is shown below:

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

= \sqrt{\frac{2\times \text{500}\times \text{\$100}}{\text{\$100}}}

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4 years ago
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