4) The overall difference between the actual and appl A) overhead efficiency var

Question

4) The overall difference between the actual and appl A) overhead efficiency variance. C) overhead rate variance. ied mamut D) over- or und 5) Raven applies overhead based on direct labor hours. The variable overhead standard is 5 2 hours at $11 per hour. During July, Raven spent 116.700 for variable overhead 8,890 labor hours were used to produce 4,700 units. What is the variable overhead efficiency variance? A) $46,090 favorable C) $18,910 favorable B) $18,910 unfavorable D) $5,610 favorable 6) Warner Company has budgeted fixed overhead of $225,000 based on budgeted production of 7,500 units. During October, 7,200 units were produced and $236400 was spent on fixed overhead. What is the fixed overhead spe nding v A) $20,400 unfavorable C) $9,000 unfavorable B) $20,400 favorable D) $11,400 unfavorable

Explanation / Answer

5) Variable overhead efficiency variance = (Standard hour-actual hour)standard rate

= (4700*2-8890)11

Variable overhead efficiency variance = 5610 F

So answer is d) $5610 Favourable

6) FIxed overhead spending variance = Applied overhead-actual overhead

= (7200*30-236400)

Fixed overhead spending variance = 20400 U

so answer is a) $20400 Unfavourable

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