here is the correct infomation for this problem. Trico Company set the following
ID: 2574572 • Letter: H
Question
here is the correct infomation for this problem.
Trico Company set the following standard unit costs for its single product. Direct materials (29 lbs.@ $4 per lb.) Direct labor (8 hrs. $8 per hr.) Factory overhead-variable (8 hrs.@$5 per hr.) Factory overhead-fixed (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 a planned operating volume of 80% of the productive capacity of 50,000 units per quarter. The following flexible budget information is available Operating Levels 70% 35,000 280,000 80% 40,000 320,000 90% Production in units Standard direct labor hours Budgeted overhead 45,000 360,000 Fixed factory overhead Variable factory $2,240,000 $2,240,000 $2,240,000 1,400,000 $1600,000 1800,000 During the current quarter the company operated at 90% of capacity and produced 45,000 units of product actual direct labor totaled 355,000 hours. Units produced were assigned the following standard costs:Explanation / Answer
3.
Fixed overhead volume variance
Controllable Variance Actual overhead $6095283 Budgeted overhead (2800000+1800000) 4600000 Controllable variance $1495283 URelated Questions
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