h Grades Trey Trauernicht Exam 5 (C Start | e Microsoft Edge O | ezto.mheducatio

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h Grades Trey Trauernicht Exam 5 (C Start | e Microsoft Edge O | ezto.mheducation.com/hm.tpx Trico Company set the following standord unit costs for its single product. Direct matenials (29 lbs. $4 per lb.) Direct labor (8 hrs. @ $8 per hr) Factory overhead-vartable (8 hrs. $5 per hr.) Factory overheed-fxed (8 hrs @ $7 per hr) $ 116.00 64.00 40.00 56.00 Total standard cost $276.00 The predetermined overhead rate is based on planned operating volume of 70% of the productive capacity of 80,000 units per quarter. The following flexible budget information is available. Operating Levels 70% 56,000 384,000 448.000 512,000 60% 48,000 80% Production in units Standard direct labor hours Budgeted overheed 64,000 Fixed factory overheed Verlable fectory overhead $3,136,000 3,136,000 $ 3,136,000 $1,920,000 $2,240,000 $2,560,000 During the current quarter, te company operated octual direct labor totaled 508,000 hours. Units at 80% or capacity and produced 64,000 units of product produced were assigned the following standard costs: Direct matenals (1,856,000 lbsa $4 per ib) Direct labor (512,000 hrs. O $8 per hr.) Factory overheed (512,000 hrs @ $12 per hrj S 7,424,000 4,096,000 6,144,000 Tocal standard cost s 17664.000 Actual coss incurred during the current quarter follow Drect meterials (1851,000 bs o $4 10 per ib) s 7.589,100 Deect labor (508,000 hrs O $7.75 per hrj 3,937.000 Ftxed fectory overhead costs Venable factory overhead costs 4,504,906 4.217 358 s 20248.364 ype here to search

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Actual Factory Overhead: Budgeted Factory Overhead: Fixed 4504906 Fixed 3136000 Variable 4217358 Variable (5 per hour*512000 hour) 2560000 Actual Factory Overhead 8722264 Budgeted Factory Overhead: 5696000 Controllable Variance 8722264-5696000 3026264 Unfavorable Budgeted Fixed Overhead: 3136000 Fixed Overhead applied: Standard Fixed Overhead Rate 7 per hour Standard hour allowed for actual 512000 Fixed Overhead applied 512000*7 Fixed Overhead applied 3584000 Volume Variance 3136000-3584000 448000 Unfavorable

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