1. For each of the following variances, state which manager is most likely to be
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1. For each of the following variances, state which manager is most likely to be responsible for the variance ariance esponsible Manager Direct Materials Efficiency irect Labor Cost ariable Overhead Efficienc 2. For each of the following variances, state which manager is most likely to be responsible for the variance esponsible Manager ariance irect Materials Cost irect Labor Efficienc ariable Overhead Efficienc 3. Bentz Fashions uses standard costs for its manufacturing division. From the following data, calculate the total fixed overhead variance. $36,00 $26,00 $28,35 S6.7 2.10 DLH 2,000 unit ctual fixed overhead Budgeted fixed overhead llocated fixed overhead Standard overhead allocation rate Standard direct labor hours per unit ctual outputExplanation / Answer
1 Variance Responsible Manager Direct materials efficiency Production Direct labor cost Human Resources Variable Overhead Efficiency Production 2 Variance Responsible Manager Direct materials cost Purchasing Direct labor efficiency Production Variable Overhead Efficiency Production 3 Total fixed overhead variance = Fixed overhead cost variance + Fixed overhead volume Variance Fixed overhead cost variance = Actual fixed overhead - Budgeted fixed overhead (36000-26000) 10000 Unfavorable Fixed Overhea volume variance = Allocated fixed overhead - budgeted fixed overhead 28350-26000 2350 Favorable Total fixed overhead variance 10000-2350 7650 Unfavorable
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