This Question: 1 pt 4 of 4 This Quiz: 4 pts possible Data Table Complete the tab
ID: 2399071 • Letter: T
Question
This Question: 1 pt 4 of 4 This Quiz: 4 pts possible Data Table Complete the table below for the missing variances. (Click the icon to view the table.) Total Flexible Budget Product Cost Variance (a Calculate the variances and identify whetherthe variance is favorable (F) oru (b)Total Direct Materials Variance (c) Total Direct Labor Variance (e) Total Variable Overhead Variance (f) Total Fixed Overhead Variance (d) Total Manufacturing Overhead Variance (a) Total Flexible Budget Product Cost Variance Total Direct Tolal Direct Total Manufacturing Materials Variance Labor Variance Overhead Variance Direct Materials Direct Materias Cost Variance Efficiency Variance S 360 F Direct Labor Direct Labor Total Variable Total Fixed Cost Variance Efficiency Variance Overhead Variance S 135 U S 480 U 520 F Variable Overhead Efficiency Variance 575 F Variable Overhead Fxed Overhead Cost Variance Cost Variance 400 U $ 160 PrintDone Choose from any list or enter any number in the input fields and then continue to the next question. Save for LaterExplanation / Answer
Answer
b.
Total Direct Material Variance = Material Cost Variance + Material Efficiency Variance
= 360(F) – 135(U)
Total Direct Material Variance = 225 (F)
c.
Total Direct Labor Variance = Labor Cost Variance + Labor Efficiency Variance
= -480(U) + 520(F)
Total Direct Labor Variance = 40(F)
e.
Total Variable Overhead Variance = Variable Overhead Cost Variance + Variable Overhead Efficiency Variance
= -400(U) + 575(F)
Total Variable Overhead Variance = 175(F)
f.
Total Fixed Overhead Variance = Fixed Overhead Cost Variance
= 160(F)
Total Fixed Overhead Variance = 160(F)
d.
Total Manufacturing Overhead Variance = Total Variable Overhead Variance + Total Fixed Overhead Variance
= 175(F) + 160(F)
Total Manufacturing Overhead Variance = 335 (F)
a.
Total Flexible cost Budget Product Cost Variance = Total Direct Material Variance + Total Direct Labor Variance + Total Variable Overhead Variance + Total Fixed Overhead Variance
= 225(F) + 40(F) + 175(F) + 160(F)
Total Flexible cost Budget Product Cost Variance = 600(F)
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