Exercise 11-5 Microsoft Edge /ap qen, Wiley eduqe yp The S Supply Co. prod At th
ID: 2455202 • Letter: E
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Exercise 11-5 Microsoft Edge /ap qen, Wiley eduqe yp The S Supply Co. prod At th g equip The detail for the overhead estimates follows: Variable overhead Indirect material ($8) 504,000 Utilities ($2) 26,000 Maintenance ($3) 89,000 Total variable overhead 819,000 Fixed overhead Supervisor salaries 3,000 Depreciation 148,000 Other fixed overhead 28,000 Total fixed overhead 89,000 Total overhead costs 08,000 Act Actual Production 48,200 units Variable Overhead Indirect material 449,000 97,300 65,000 Maintenance Total variable overhead 300 Fixed O head Supervisor salaries 139,000 Depreciation 48,000 Other fixed overhead 23,200 Total fixed overhead 0,200 Total overhead costs $1.021.500 Calculate the controllable overhead variances for variable and fixed overhead. (Enter all variances as a positive number.) Stanton Supply Company Actual Units Produced (48,200) Variable overhead dg Variance Indirect material Maintenance Total variable overhead Fixed overhead Supervisor salaries Depreciation other fixed overhead Total fixed overhead Total Overhead costs head be $10 p fixed $289,000, b 63,000 8:39 PM /26/20Explanation / Answer
Stanton Supply Company
(Actual units Produced 48200 units)
Actual ($) Flexible Budget ($) Variance ($)
Variable overhead Expenses
indirect material 449000 385600 63400 unfavorable
utilities 97300 96400 900 unfavorable
Mainteneance 165000 144600 20400 unfavorable
Total variable overhead 711300 626600 84700 unfavorable
Fixed Overhead
Supervisor Salary 139000 113000 26000 Unfavorable
Depreciation 148000 148000 NIL
Other fixed overhead 23200 28000 4800 Favorable
Total fixed overhead 310200 289000 21200 Unfavorable
Total overhead cost 1021500 915600 105900 unfavorable
Note: Variable overhead Expenses ( Flexible Budget)
indirect material (48200units * $8) 385600
utilities (48200 units * $2) 96400
Mainteneance (48200 units * $3) 144600
Total variable overhead 626600
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