Purchase Solution

Total overhead variance

Not what you're looking for?

Ask Custom Question

The predetermined overhead rate for Weed-B-Gone is $10, comprised of a variable overhead rate of $6 and a fixed rate of $4. The amount of budgeted overhead costs at normal capacity of $300,000 was divided by normal capacity of 30,000 direct labor hours, to arrive at the predetermined overhead rate of $10. Actual overhead for June was $17,800 variable and $10,800 fixed, and 1,500 units were produced. The direct labor standard is 2 hours per unit produced. The total overhead variance is
$3,600 F.
$1,400 F.
$1,400 U.
$3,600 U.

Purchase this Solution
Solution Summary

The solution explains the calculation of total overhead variance

Solution Preview

Total overhead variance = Actual overhead - Applied overhead
Actual overhead = ...

Purchase this Solution
Free BrainMass Quizzes
Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

Learning Lean

This quiz will help you understand the basic concepts of Lean.

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

View More Free Quizzes
Related BrainMass Solutions

  • Flexible budget analysis (Variance Report)

    ) Fixed overhead volume variance $2,000 Total actual overhead $713,000 Total budgeted overhead (flexible budget) $818,000 Total budgeted overhead (static budget) $850,000 Total applied overhead $816,000 Solutions A: Actual Fixed Overhead = Fixed

  • Ikon Tire Co. - Computing Variance

    , fixed factory overhead volume variance, and total factory overhead cost variance.

  • Manufacturing Standard Cost Sheets

    Variable overhead efficiency variance c. Total under applied or over applied variable overhead d. Fixed overhead spending variance e. Production volume variance f. Total fixed overhead variance g.

  • Variances - Overhead Fixed & Variable

    Fixed factory overhead production�volume variance A Variable factory overhead flexible budget variance Total Variable Overhead Variance = Actual Variable Overhead - Flexible Budget for Variable Overhead Total Variable Overhead Variance = 790,000

  • Lavvy Candy Corporation

    Materials price variance. b. Materials quantity variance. c. Labor rate variance. d. Variable overhead spending variance. e. Variable overhead efficiency variance. f. Fixed overhead budget variance.

  • Material & Labor Variances with Formula

    Total materials variance $ Materials price variance $ Materials quantity variance $ Total labor variance $ Labor price variance $ Labor quantity variance $ Compute the total overhead variance $ Check the solution in the attached

  • Cost accounting: budgeted amount, variances, overhead rate

    Total materials variance $ Materials price variance $ Materials quantity variance $ Total labor variance $ Labor price variance $ Labor quantity variance $ Compute the total overhead variance

  • Calculation of variances

    Direct material used: 9,260 lbs @ 7.10 /lb 65746 Direct labor used: 4420 hours at $14.35 per hour 63427 Variable overhead cost; total machine hrs used is 2910 hrs 12513 Total $141,686 Total Variance= Actual - Standard= $421 Unfavorable

  • Calculating overhead variances for SooTech Company

    (a) Items hours and rate is computed below Item Amount Hours Rate Variable Overhead 33000 16500 2 Fixed Overhead 19800 16500 1.2 Total Overhead 52800 16500 3.2 (b) Total variance $2,800 U Overhead controllable Variance

  • Bike Pedals-Determine the following Variances

    The total variable factory overhead was budgeted at $30,000 for the operation. The firm manufactured 30,000 seats using 1,600 machine-hours and incurred $34,000 total variable factory overhead.

View More Related Solutions