13-48 Overhead Variances for Rivera Company
Not what you're looking for?
Consider the following data for the Rivera Company:
Factory Overhead
Fixed Variable
Actual incurred $14,200 $13,300
Budget for standard hours allowed
for output achieved 12,500 11,000
Applied 11,600 11,000
Budget for actual hours of input 12,500 11,400
From the above information, fill in the blanks below. Be sure to mark your variances F for favorable
and U for unfavorable.
a. Flexible-budget variance $______ Fixed $______ Variable $______
b. Production-volume variance $______ Fixed $______ Variable $______
c. Spending variance $______ Fixed $______ Variable $______
d. Efficiency variance $______ Fixed $______ Variable $______
Purchase this Solution
Solution Summary
This solution computes the flexible-budget variance, production-volume variance, spending variance, and efficiency variance and determines whether these overhead variances are favorable or unfavorable.
Purchase this Solution
Free BrainMass Quizzes
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
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.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.