mheducation.com/flow/connect.html Saved Primara Corporation has a standard cost

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mheducation.com/flow/connect.html Saved Primara Corporation has a standard cost system in w allowed for the actual output of the period Data concerning the most recent year appear below hich it applies overhead to products based on the standard direct labor-hours Total budgeted fixed overhead cost for the year Actual fixed overhead cost for the year Budgeted direct labor-hours (denominator level of activity) Actual direct labor-hours Standard direct labor-hours allowed for the actual output 487,500 480,000 65,000 66,900 63,000 Required 1. Compute the fixed portion of the predetermined overhead rate for the rate to 2 decimal places.) 2 Compute the fixed overhead budget variance and volume variance. (Indicate the effect of each variance by selecting "F favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input all amounts as positive values year. (Round Fixed portion of the predetermined overhead rate per DLH

Explanation / Answer

Pre-determined OH rate per DLH: Budgeted fixed OH 487500 Divide: Budgeted Labour hours 65000 OH rate per dLH 7.5 Budget variance: Budgeted Fixed OH 487500 Less: Actual Fixed OH 480000 Budget variance 7500 Fav Volume Variance Std fixed OH for actual output (63000hrs*7.50) 472500.00 Less: Budgeted Oh 487500.00 Volume Variance 15000.00 Unfav

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