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Winnipeg Chemical Company

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The Winnipeg Chemical Company uses flexible budgets and a standard cost system.

? Direct-labor costs incurred, 12,000 hours,$150,000
? Variable-overhead costs incurred, $37,000
? Fixed-overhead flexible-budget variance,$1,600, favorable
? Finished units produced,1,800
? Fixed-overhead costs incurred, $38,000
? Variable overhead applied at $3 per hour
? Standard direct-labor cost, $13 per hour
? Denominator production per month, 2,000 units
? Standard direct-labor hours per finished unit, 6 hours.

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The Winnipeg Chemical Company uses flexible budgets and a standard cost system.

? Direct-labor costs incurred, 12,000 hours,$150,000
? Variable-overhead costs incurred, $37,000
? Fixed-overhead flexible-budget variance,$1,600, favorable
? Finished units produced,1,800
? Fixed-overhead costs incurred, $38,000
? Variable ...

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