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Chrome File Edit View History Bookmarks People Window Help a 46% D Tue 9:21 PM Q Q = M WileyPLUS x C Sign In or Sign Up Chegg.conx * - e a Secure | https://edugen.wileyplus.com/edugen/student/mainfr.uni Wil WilleyPLUS: MyWileyPLUS | Help I Contact Us | Log out INTRODUCTORY ACCOUNTING 1/11 (ACT 221/222) Kimmel, Accounting, be Assignment Gradebook ORION Home Read, Study & Practice Downloadable eTextbook Assignment > Open Assignment TIMER Start Time: 09:13 PM / Remaining: 53 min. CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES J Ch 23 Calculation Quiz Multiple Choice Question 138 | Multiple Choice Question 130 X Your answer is incorrect. Try again. | Multiple Choice Question 177 The predetermined overhead rate for Waterway Industries is $5, comprised of a variable overhead rate of $3 and a fixed rate of $2. The amount of budgeted | Multiple Choice overhead costs at normal capacity of $150000 was divided by normal capacity of 30000 direct labor hours, to arrive at the predetermined overhead rate of $5. Question 78 Actual overhead for June was $10064 variable and $6120 fixed, and 1700 units were produced. The direct labor standard is 2 hours per unit produced. The Multiple Choice total overhead variance is Question 138 X | Multiple Choice O $816 U. Question 123 | Multiple Choice $2040 F. Question 116 | Multiple Choice Question 148 O $2040 U. | Multiple Choice Question 119 O $816 F. | Multiple Choice Question 74 | Multiple Choice Click if you would like to Show Work for this question: Open Show Work Question 99 Review Score Review Results by Study Objective Question Attempts: 1 of 2 used SAVE FOR LATER SUBMIT ANSWER 90009 SE 21 IULIO . O @ AO PE.U.

Explanation / Answer

1. total overhead variance = actual overhead - overhead applied

= (10064 + 6120 ) - ( $5 * (1700units*2 hrs per unit))

= 16184 - 17000

= 816 fav .

so option (d) is correct.

2. labour quantity variance = ( standard hrs - actual hrs ) * standard rate

= (2hrs * 1000 units - 2200 hrs ) * 18

= 3600 unfav.

so option (a ) is correct.

3. total labour variance = standard labour cost - actual labour cost

= standard cost per unit *actual units - actual labour cost

= (1.5 *15) *2900 - 58125

=7125 fav.

so option (b) is correct..

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