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    Bubbaonline's Avatar
    Bubbaonline Posts: 1, Reputation: 1
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    #1

    Jul 27, 2009, 12:42 PM
    Cost Accounting: Calculating Variances
    Ben Simon Corp. has the following information about its standards and production activity in November:

    Total factory overhead incurred:
    Variable overhead $31,350
    Fixed overhead 25,000
    Standard factory overhead rate:
    Variable overhead $ 3.10 per unit
    Fixed overhead $ 2 per unit
    Budgeted units to be produced 12,000
    Actual units produced 9,600

    Required: Calculate the following variances (be sure to indicate whether the variance is favorable or unfavorable.
    (A) Variable overhead flexible budget variance
    (B) Fixed overhead spending variance
    (C) Fixed overhead production volume variance
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    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Jul 27, 2009, 04:05 PM

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