Purchase Solution

Budgeted fixed overhead

Not what you're looking for?

Ask Custom Question

Zotta Enterprises uses standard costing and applies manufacturing overhead cost to products on the basis of standard direct labor-hours (DLHs). Budgeted and actual data relating to manufacturing overhead for last year appear below:

Actual fixed overhead cost 38,900
Denominator activity 20,000 DLHs
Standard hours allowed for one unit 1.2 DLHs
Units produced 17,000 units
Fixed overhead budget variance 1,300 Unfavorable

Reference: 11-13

The fixed manufacturing overhead cost applied to products was:

31,960
37,250
39,846
38,352

Purchase this Solution
Solution Summary

Budgeted fixed overhead is determined.

Solution Preview

Budgeted fixed overhead = Fixed overhead budget variance + Actual ...

Purchase this Solution
Free BrainMass Quizzes
Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

View More Free Quizzes
Related BrainMass Solutions

  • Budgeted fixed overheads

    overhead recovery rate = $22-$14 =$8 Budgeted fixed cost = Fixed overhead recovery rate * Budgeted Machine Hours =15200*8 =121600 The actual overhead incurred = Variable overhead recovery rate * Actual Machine Hours + Budgeted fixed cost + Spending

  • Flexible budget analysis (Variance Report)

    overhead rate per machine hour x Standard machine hours per unit of output x budgeted production in units) + Budgeted fixed overhead (8 x 4 x 25000) + 50000 = 850,000 G: Fixed overhead volume variance = Budgeted Fixed Overhead - Fixed Overhead Applied

  • Overhead Variances

    Fixed-overhead budget variance. Fixed overhead budget variance = Actual Fixed Overhead - Budgeted Fixed Overhead Actual fixed overhead = 391,000 Total budgeted overhead = 2,000,000.

  • Crystal Glassware Company: Variances

    Overhead Standard Rate = $100,000 budgeted fixed overhead / 50,000 budgeted hours = $2 per direct labor hours Therefore, Fixed overhead volume variance = (50,000 hours - 50,000 hours) * $2 per direct labor hour = $0.

  • Budgeted fixed manufacturing overhead

    Fixed overhead budget variance 1,300 Unfavorable Reference: 11-13 The budgeted fixed manufacturing overhead cost was: 38,900 37,600 40,200 24,000 The budgeted fixed manufacturing overhead cost was: ACtual fixed overhead

  • Delta Company's flexible budget

    Junes' overhead spending variance Overhead spending variance = Actual fixed overhead incurred - Budgeted fixed overhead = $124,000 - $120,000 = $4,000 U f.

  • Overhead and variances

    The variable overhead would be based on 28,000 hours and the fixed overhead would be 270,000 which is fixed and so would not change Budgeted overhead = 28,000 X $22 + 270,000 = $886,000 (c) Overhead spending variance = Actual - Budgeted Variable overhead

  • Starlight Glassware Company

    Fixed-overhead budget variance = Actual fixed overhead costs incurred - Budgeted fixed overhead costs = 291,000 - 300,000 = 9,000 favorable 4. Fixed-overhead volume variance.

  • Fixed Overhead Variances

    Predetermined fixed overhead rate = Budgeted fixed overhead/Budgeted direct labor hours Predetermined fixed overhead rate = $400,000/50,000 = $8.00 per DLH 2.

View More Related Solutions