When job 117 was completed, direct materials totaled $4,400; direct labor, $5,600; and factory overhead, $2,400. a total of 1,00
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Answer:
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Objectives Most associated balanced scorecard
1. Percentage of repeat <em>Customer Perspective</em>
customers
2. Number of suggestions for <em>Learning and Growth perspective</em>
improvement from employees
3. Contribution margin <em>Financial perspective</em>
4. Brand recognition <em>Customer Perspective</em>
5. Number of cross-trained <em>Learning and Growth perspective</em>
employees
6. Amount of setup time <em>Internal process prospective</em>
Answer:
Total of the variable overhead rate and fixed manufacturing overhead budget variances for the month = $9,096 Unfavorable
Explanation:
Actual variable overhead rate = =
Therefore variance with the budgeted standard variable overhead
= (Standard Overhead rate - Actual overhead rate) Actual Hours
= ($9.70 - $10.34) 6,400 = -$4,096
And Fixed Overhead variance = Standard Fixed Overhead - Actual Fixed Overhead = $69,000 - $74,000 = -$5,000
Total of the variable overhead rate and fixed manufacturing overhead budget variances for the month = -$4,096 + -$5,000 = -$9,096
Since the value of variance is negative it means the expense both variable and fixed are over absorbed, which means it is unfavorable.
Total of the variable overhead rate and fixed manufacturing overhead budget variances for the month = $9,096 Unfavorable