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Holl Corporation has provided the following data for November. Holl Corporation has provided the following data for November. Required: a.Compute the budget variance for November.Show your work! b.Compute the volume variance for November.Show your work! Required: a.Compute the budget variance for November.Show your work! b.Compute the volume variance for November.Show your work!

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a.Budget variance = Actual fixed manufac...

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The budget variance for fixed manufacturing overhead is the difference between actual fixed manufacturing overhead costs incurred and the amount of fixed manufacturing overhead applied to work in process.

A) True
B) False

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Dellarocco Incorporated makes a single product--a cooling coil used in commercial refrigerators.The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period.Data concerning the most recent year appear below: Dellarocco Incorporated makes a single product--a cooling coil used in commercial refrigerators.The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period.Data concerning the most recent year appear below: The fixed overhead budget variance is: A) $37,328 U B) $37,328 F C) $17,000 F D) $17,000 U The fixed overhead budget variance is:


A) $37,328 U
B) $37,328 F
C) $17,000 F
D) $17,000 U

E) None of the above
F) A) and B)

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If the denominator level of activity is 6,200 machine-hours, the predetermined overhead rate would be:


A) $520.00 per machine-hour
B) $5.20 per machine-hour
C) $44.24 per machine-hour
D) $39.04 per machine-hour

E) A) and C)
F) A) and B)

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The predetermined fixed manufacturing overhead rate is closest to:


A) $10.15 per MH
B) $9.56 per MH
C) $9.65 per MH
D) $10.06 per MH

E) B) and C)
F) B) and D)

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The predetermined overhead rate per MH is closest to:


A) $20.93 per MH
B) $19.86 per MH
C) $19.50 per MH
D) $20.55 per MH

E) B) and C)
F) A) and D)

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The variable overhead efficiency variance is:


A) $4,462 F
B) $5,428 U
C) $4,462 U
D) $5,428 F

E) A) and B)
F) None of the above

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The predetermined overhead rate is closest to:


A) $9.39 per labor-hour
B) $9.22 per labor-hour
C) $13.15 per labor-hour
D) $12.91 per labor-hour

E) B) and D)
F) All of the above

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The variable component of the predetermined overhead rate is closest to:


A) $1.93 per labor-hour
B) $1.80 per labor-hour
C) $1.78 per labor-hour
D) $1.26 per labor-hour

E) A) and B)
F) A) and C)

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The fixed manufacturing overhead volume variance is:


A) $3,000 U
B) $3,000 F
C) $9,000 U
D) $6,000 U

E) All of the above
F) None of the above

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Bartoletti Fabrication Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs) at $4.60 per MH.The company had budgeted its fixed manufacturing overhead cost at $65,000 for the month.During the month, the actual total variable manufacturing overhead was $22,080 and the actual total fixed manufacturing overhead was $63,000.The actual level of activity for the period was 4,600 MHs.What was the total of the variable overhead rate and fixed manufacturing overhead budget variances for the month?


A) $1,080 Unfavorable
B) $1,080 Favorable
C) $920 Unfavorable
D) $920 Favorable

E) A) and D)
F) All of the above

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The budget variance for February is:


A) $6,460 F
B) $6,920 U
C) $6,460 U
D) $6,920 F

E) A) and D)
F) None of the above

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The total manufacturing overhead is underapplied or overapplied by how much?


A) $32,123 Underapplied
B) $27,454 Overapplied
C) $27,454 Underapplied
D) $32,123 Overapplied

E) C) and D)
F) B) and D)

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The total amount of manufacturing overhead applied is closest to:


A) $91,900
B) $69,368
C) $97,489
D) $65,366

E) A) and B)
F) A) and C)

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The variable component of the predetermined overhead rate is closest to:


A) $0.44 per machine-hour
B) $1.29 per machine-hour
C) $0.33 per machine-hour
D) $0.76 per machine-hour

E) B) and C)
F) All of the above

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Plantier Incorporated makes a single product--a cooling coil used in commercial refrigerators.The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period.The budgeted fixed manufacturing overhead for the year was $136,950 and the budgeted hours were 27,500 machine-hours.Data concerning the actual results for the most recent year appear below: Plantier Incorporated makes a single product--a cooling coil used in commercial refrigerators.The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period.The budgeted fixed manufacturing overhead for the year was $136,950 and the budgeted hours were 27,500 machine-hours.Data concerning the actual results for the most recent year appear below: Required: a.Determine the fixed overhead budget variance for the year. b.Determine the fixed overhead volume variance for the year. Required: a.Determine the fixed overhead budget variance for the year. b.Determine the fixed overhead volume variance for the year.

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a.Budget variance = Actual fixed overhea...

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Mclellan Corporation applies manufacturing overhead to products on the basis of standard machine-hours.Budgeted and actual overhead costs for the month appear below: Mclellan Corporation applies manufacturing overhead to products on the basis of standard machine-hours.Budgeted and actual overhead costs for the month appear below: The company based its original budget on 6,100 machine-hours.The company actually worked 6,480 machine-hours during the month.The standard hours allowed for the actual output of the month totaled 6,370 machine-hours.What was the overall fixed manufacturing overhead budget variance for the month? A) $500 Favorable B) $500 Unfavorable C) $1,570 Favorable D) $1,570 Unfavorable The company based its original budget on 6,100 machine-hours.The company actually worked 6,480 machine-hours during the month.The standard hours allowed for the actual output of the month totaled 6,370 machine-hours.What was the overall fixed manufacturing overhead budget variance for the month?


A) $500 Favorable
B) $500 Unfavorable
C) $1,570 Favorable
D) $1,570 Unfavorable

E) A) and D)
F) C) and D)

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