END TERM EXAMForum: 22 An ? ? |?https:/ ND TERM EXAM Help Save & Ex Fletcher Com
ID: 2438160 • Letter: E
Question
END TERM EXAMForum: 22 An ? ? |?https:/ ND TERM EXAM Help Save & Ex Fletcher Company collected the following data regarding production of one of its products variance Compute the fxed overhead cost Direct labor standard (2 hrs. $13.68/hr.) Actual direct labor hours Budgeted units Actual finished units produced Standard variable OH rate (2 hrs. e $16.60/hr.) Standard fixed O rate ($620,808/62,800 units) Actual cost of variable overhead costs incurred Actual cost of fixed averhead costs incurred s 27.20 per finished unit 102,580 hrs. 52,500 units 58,580 units S 33.28 per finished unit s 10.00 per unit $1,673,60e0 S 625,00e Multiple Choice $120,000 unfavorable $19,600 favorable O $10.600 urtvorable. $19.600 unfavorable $120,000 favobeExplanation / Answer
1 Actual fixed overhead rate = 625000/50500 12.37624 Fixed overhead cost varaince = (Actual Rate - Std rate)*Actual Units (12.37624-10)*50500 120000.1 $ 120000 unfavourable The correct answer is Option A 2 Amount of cash paid for dividends was In $ Cash dividend payable at the beginning of the year 24200 Add : Cash dividends declared for the year $55,000 Less : Cash dividend payable at the end of the year -32000 47200 The amount of cash paid for dividend was $ 47200 Correct answer is Option E
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