8-941
345.
A manufacturing company that has only one product has established the following
standards for its variable manufacturing overhead. Variable manufacturing overhead
standards are based on machine-hours.
Standard hours
per unit of output
8.1
machine-
hours
Standard variable
overhead rate
$14.30
per
machine-
hour
The following data pertain to operations for the last month:
Actual hours
1,700
machine-hours
Actual total variable manufacturing overhead cost
$24,905
Actual output
200
units
What is the variable overhead rate variance for the month?
346.
A manufacturing company that has only one product has established the following
standards for its variable manufacturing overhead. Variable manufacturing overhead
standards are based on machine-hours.
Standard hours
per unit of output
8.1
machine-
hours
Standard variable
overhead rate
$14.30
per
machine-
hour
The following data pertain to operations for the last month:
Actual hours
1,700
machine-hours
Actual total variable manufacturing overhead cost
$24,905
Actual output
200
units
What is the variable overhead efficiency variance for the month?
347.
The following standards for variable manufacturing overhead have been established for a
company that makes only one product:
Standard hours per unit
of output
1.6
hours
Standard variable
overhead rate
$11.55
per
hour
The following data pertain to operations for the last month:
Actual hours
4,900
hours
Actual total variable
manufacturing overhead
cost
$58,310
Actual output
3,000
units
What is the variable overhead rate variance for the month?
348.
The following standards for variable manufacturing overhead have been established for a
company that makes only one product:
Standard hours per unit
of output
1.6
hours
Standard variable
overhead rate
$11.55
per
hour
The following data pertain to operations for the last month:
Actual hours
4,900
hours
Actual total variable
manufacturing overhead
cost
$58,310
Actual output
3,000
units
What is the variable overhead efficiency variance for the month?
349.
Wall Corporation, which produces commercial safes, has provided the following data:
Budgeted
production
9,300
safes
Standard
machine-hours
per safe
8.0
machine-
hours
Standard
supplies cost
$8.60
per
machine-
hour
Actual
production
9,500
safes
Actual machine-
hours
76,360
machine-
hours
Actual supplies
cost
$706,566
Supplies cost is an element of variable manufacturing overhead.
The variable overhead rate variance for supplies is closest to:
8-946
350.
Wall Corporation, which produces commercial safes, has provided the following data:
Budgeted
production
9,300
safes
Standard
machine-hours
per safe
8.0
machine-
hours
Standard
supplies cost
$8.60
per
machine-
hour
Actual
production
9,500
safes
Actual machine-
hours
76,360
machine-
hours
Actual supplies
cost
$706,566
Supplies cost is an element of variable manufacturing overhead.
The variable overhead efficiency variance for supplies is closest to:
351.
Zacher Corporation makes a product with the following standards for direct labor and
variable overhead:
Standard Quantity
or
Hours
Standard Price
or
Rate
Standard Cost
Per
Unit
Direct labor
0.3 hours
$24.00 per hour
$7.20
Variable
overhead
0.3 hours
$5.00 per hour
$1.50
In February the company‘s budgeted production was 6,900 units, but the actual
production was 7,000 units. The company used 1,980 direct labor-hours to produce this
output. The actual variable overhead cost was $10,296. The company applies variable
overhead on the basis of direct labor-hours.
The variable overhead efficiency variance for February is:
352.
Zacher Corporation makes a product with the following standards for direct labor and
variable overhead:
overhead
0.3 hours
$5.00 per hour
$1.50
In February the company‘s budgeted production was 6,900 units, but the actual
production was 7,000 units. The company used 1,980 direct labor-hours to produce this
output. The actual variable overhead cost was $10,296. The company applies variable
overhead on the basis of direct labor-hours.
The variable overhead rate variance for February is:
8-950
8-951
353.
The following data have been provided by Mathews Corporation:
Budgeted
production
6,900
units
Standard
machine-hours
per unit
9.4
machine-
hours
Standard
lubricants rate
$1.20
per
machine-
hour
Standard supplies
rate
$1.00
per
machine-
hour
Actual
production
7,000
units
Actual machine-
hours (total)
66,230
machine-
hours
Actual lubricants
cost (total)
$78,100
Actual supplies
cost (total)
$66,536
Lubricants and supplies are both elements of variable manufacturing overhead.
The variable overhead rate variance for lubricants is closest to:
8-952
8-953
354.
The following data have been provided by Mathews Corporation:
Budgeted
production
6,900
units
Standard
machine-hours
per unit
9.4
machine-
hours
Standard
lubricants rate
$1.20
per
machine-
hour
Standard supplies
rate
$1.00
per
machine-
hour
Actual
production
7,000
units
Actual machine-
hours (total)
66,230
machine-
hours
Actual lubricants
cost (total)
$78,100
Actual supplies
cost (total)
$66,536
Lubricants and supplies are both elements of variable manufacturing overhead.
The variable overhead rate variance for supplies is closest to:
8-954
8-955
355.
The following data have been provided by Petri Corporation:
Budgeted
production
7,800
motors
Standard
machine-hours
per motor
6.9
machine-
hours
Standard indirect
labor rate
$2.50
per
machine-
hour
Standard power
rate
$2.00
per
machine-
hour
Actual
production
8,000
motors
Actual machine-
hours (total)
54,510
machine-
hours
Actual indirect
labor cost (total)
$132,685
Actual power
cost (total)
$108,158
Indirect labor and power are both elements of variable manufacturing overhead.
The variable overhead rate variance for indirect labor is closest to:
8-956
8-957
356.
The following data have been provided by Petri Corporation:
Budgeted
production
7,800
motors
Standard
machine-hours
per motor
6.9
machine-
hours
Standard indirect
labor rate
$2.50
per
machine-
hour
Standard power
rate
$2.00
per
machine-
hour
Actual
production
8,000
motors
Actual machine-
hours (total)
54,510
machine-
hours
Actual indirect
labor cost (total)
$132,685
Actual power
cost (total)
$108,158
Indirect labor and power are both elements of variable manufacturing overhead.
The variable overhead rate variance for power is closest to:
8-958
357.
The Maxwell Corporation has a standard costing system in which variable manufacturing
overhead is assigned to production on the basis of standard machine-hours. The following
data are available for July:
• Actual variable manufacturing overhead cost incurred: $22,620
• Actual machine-hours worked: 1,600 hours
• Variable overhead rate variance: $3,420 Unfavorable
• Total variable overhead spending variance: $4,620 Unfavorable
The variable overhead efficiency variance for July is:
8-959
358.
The Maxwell Corporation has a standard costing system in which variable manufacturing
overhead is assigned to production on the basis of standard machine-hours. The following
data are available for July:
• Actual variable manufacturing overhead cost incurred: $22,620
• Actual machine-hours worked: 1,600 hours
• Variable overhead rate variance: $3,420 Unfavorable
• Total variable overhead spending variance: $4,620 Unfavorable
The standard number of machine-hours allowed for July production is:
8-960
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