# Missing Numbers

Your next-door neighbor recently began a new job as assistant controller for X Corporation. As her first assignment, she prepared a performance report for January. She was scheduled to present the report to managemnt the next morning, so she brought it home to review. The report was torn up by your dog and you can only read the following data:

X CORPORATION

Direct Direct Variable Fixed

Material Labor Overhead Overhead

standard allowed cost

given actual output........?...............?............................

(? kilograms (2 hours at

$12 per hour) $14 an hour)

Flexible overhead budget....................................?.....$40,000

Acutal Cost....................$189,000..........?..........?.........?..

(14,000 kilos (8,800 hours

at $13.50 per at?per hour)

kilo)

Direct-material price variance....?

Direct-material quantity variance.$6,000 U

Direct-labor rate variance.......................$8,800 U

Direct-labor efficiency variance.................2,800 F

Variable-overhead spending variance........................$2,640U.......

variable-overhead efficiency variance...................... 1,200 F......

Fixed-overhead budget variance.......................................$3250

Fixed-overhead volume variance...........................................?

In addition to the fragementary data still legible on the performance report, your neighbor happended to remember the following facts.

-planned porduction of X's sole product was 500 units more than actual production

-all of the direct material purchased in January was used in production

-There were no beginning or ending inventories

-Variable and fixed overhead are applied on the basis of direct-labor hours. The fixed overhead rate is $4.00 per hour

Reconstruct the following facts:

1.planned production (in units)

2.Actual production (in units)

3.Actual fixed overhead

4.Total standard allowed direct-labor hours

5.actual direc-labor rate

6.standard varable-overhead rate

7.actual variable-overhead rate

8.tandard direct-material quantity per unit

9.direct-material price variance

10.applied fixed overhead

11.fixed-overhead volume variance

I have my numbers but am not sure im using the right formulas i need to double check my work. Im using managerial accounting 7th edition, ronald hilton ch.11

https://brainmass.com/business/business-management/missing-numbers-153237

#### Solution Summary

The solution explains how to calculate the missing numbers using variance analysis formula