![]() Total Fixed Overhead Variance ÷ Budgeted Fixed Overhead Costs c. Budgeted Fixed Overhead Costs ÷ Practical Capacityĭ. Actual Fixed Overhead - Applied Fixed OverheadĬ. Applied Fixed Overhead x Practical Capacity at Standardī. production manager What is the formula to calculate the standard fixed overhead rate?Ī. Responsibility for the variable overhead efficiency variance is most likely to be assigned to a/an _.ĭ. The use of the items that comprise variable overhead. Increase in price of raw materials due to low demand and recessionary pressure on economy. The use of the items that comprise variable overhead.ĭ. The decrease in the waste or inefficiency in the use of variable overheads.Ĭ. The prices for individual variable overhead items remain unchanged.ī. Variable Overhead Spending Variance = Actual Variable Overhead - (Actual Direct Labor Hours x Standard Variable Overhead Rate) Which of the following might result in a variable overhead spending variance?Ī. Variable Overhead Spending Variance = (Actual Direct Labor Hours + Standard Direct Labor Hours for Actual Production) x Standard Variable Overhead Rate a. Variable Overhead - (Standard Direct Labor Hours for Actual Production x Standard Variable Overhead Rate)ĭ. Variable Overhead Spending Variance = Actual Variable Overhead Spending Variance = (Actual Direct Labor Hours - Standard Direct Labor Hours for Actual Production) x Standard Variable Overhead RateĬ. Variable Overhead Spending Variance = Actual Variable Overhead - (Actual Direct Labor Hours x Standard Variable Overhead Rate)ī. $60 (favorable) What is the equation to calculate variable overhead spending variance?Ī. What is the total variable overhead variance?ĭ. Standard hours allowed per unit 0.20 hoursĪctual direct labor hours worked (AH) 120 hours Standard variable overhead rate (SVOR) $4 per direct labor hour purchasing agent Garnet Developers Inc., a manufacturing company, provides the following data: The responsibility for controlling the materials price variance usually belongs to the _.ĭ.
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