a plan that lists the types and amounts of operating expenses a plan that lists

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a plan that lists the types and amounts of operating expenses a plan that lists the types and amounts of operating expenses a plan that lists the types and amounts of operating expenses a plan that lists the types and amounts of operating expenses w Instructions Question 20 Fletcher Company collected the following data regarding production of one of its products. Compute th variable overhead efficiency variance. Direct labor standard (2 hrs.@ $12.75/hr.) Actual direct labor hours Budgeted units Actual finished units produced Standard variable OH rate (2 hrs. S14.30/hr.) Standard fixed OH rate ($336.000/42,000 units) Actual cost of variable overhead costs incurred Actual cost of fixed overhead costs incurred S25.50 per finished unit 81,500 hrs. 42,000 units 40,000 units S28.60 per finished unit $8.00 per unit S1,140,000 S338,000 $14,300 unfavorable. $21.450 unfavorable. $8,000 unfavorable. $4,000 unfavorable. $21,450 favorable Previous Hide Il Honorlock is sharing your s screen with app.honorlock.com.Stop

Explanation / Answer

1) Variable overhead efficiency variance = (40000*2-81500)*14.30 = 21450 unfavorable

so answer is b) $21,450 unfavorable

2) Material quantity variance = (1000*5-5200) *2 = 400 unfavorable

so answer is d) $400 unfavorable

3) Sale price variance = (16000-15000)22 = 22000 unfavourable

so answer is a) $22,000 unfavorable

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