Actual production= 11830 budgeted pro=12500 standard direct labor= 1.50 actual d

Question

Actual production= 11830
budgeted pro=12500
standard direct labor= 1.50
actual dl=18836
standard variable=3$
actual variable = 47648

The following information is available for Harrison's Hot Dogs: 11,430 packages 17,500 packages Budgeted production Standard direct labor hours Standard vanable averhend rats Actual vanable overhead cocts $47,04 Calculate the variable overhead spending and efficiency variances. (Round answers to amonts) Variable overhead spending variance Verinbln averhead efficiency vaniance 1.50 direct labor hours per package 8,836 $3 per drect labor hour

Explanation / Answer

Actual Production

11830

Packages

Budgeted Production

12500

Packages

Standard direct labour hours

1.5

Direct labour hour per package

Actual direct labour hours

18836

standard variable overhead rate

$3

Per package'

Actual variable overhead Costs'

$47,648

Actual hours worked ( Hours)

17745

Actual overhead rate ( Actual Overhead costs/Actual Production

$4

Standard Hours ( Budgeted Production * Standard direct labour hours)

18750

Variabe overhead spending variance (Actual hours worked x (Actual overhead rate - standard overhead rate))

$              18,237

Favorable

Variable overhead efficiency variance (Standard overhead rate x (Actual hours - standard hours))

$              (3,015)

Adverse

Actual Production

11830

Packages

Budgeted Production

12500

Packages

Standard direct labour hours

1.5

Direct labour hour per package

Actual direct labour hours

18836

standard variable overhead rate

$3

Per package'

Actual variable overhead Costs'

$47,648

Actual hours worked ( Hours)

17745

Actual overhead rate ( Actual Overhead costs/Actual Production

$4

Standard Hours ( Budgeted Production * Standard direct labour hours)

18750

Variabe overhead spending variance (Actual hours worked x (Actual overhead rate - standard overhead rate))

$              18,237

Favorable

Variable overhead efficiency variance (Standard overhead rate x (Actual hours - standard hours))

$              (3,015)

Adverse

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