The following information for the past year is available from Gas Company, a company that uses machine hours to apply standard factory overhead cost to outputs: Actual total factory overhead cost incurred Actual fixed overhead cost incurred Budgeted fixed overhead cost Actual machine hours Standard machine hours allowed for the units manufactured $ 28,000 $ 11,000 $ 10,000 5,380 5,050 5,750 $ 3 Under a three-variance breakdown (decomposition) of the total factory overhead variance, the factory overhead efficiency variance is: Denominator volume-machine hours Standard variable overhead rate per nachine hour
The following information for the past year is available from Gas Company, a company that uses machine hours to apply standard factory overhead cost to outputs: Actual total factory overhead cost incurred Actual fixed overhead cost incurred Budgeted fixed overhead cost Actual machine hours Standard machine hours allowed for the units manufactured $ 28,000 $ 11,000 $ 10,000 5,380 5,050 5,750 $ 3 Under a three-variance breakdown (decomposition) of the total factory overhead variance, the factory overhead efficiency variance is: Denominator volume-machine hours Standard variable overhead rate per nachine hour
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 3PA: Direct materials, direct labor, and factory overhead cost variance analysis Mackinaw Inc. processes...
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