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-   -   Budgeting again 15-16 (https://www.askmehelpdesk.com/showthread.php?t=18116)

  • Jan 18, 2006, 12:16 PM
    shikha
    budgeting again 15-16
    Raff Co. has a standard cost system in which factory overhead is applied to units of product on the basis of direct labor hours (DLH). The following standards are based on 100,000 direct labor hours:

    Variable overhead 2DLHs @ $3 per DLH = $6 per unit
    Fixed overhead 2 DLHs @ $4 per DLH = $8 per unit

    The following information for March is available
    Units actually produced 38,000
    Actual direct labor hours worked 80,000
    Actual manufacturing overhead incurred:
    Variable overhead $250,000
    Fixed overhead $384,000
    15. What is the variable factory overhead controllable variance?
    A. $6,000 favorable
    B. $10,000 unfavorable
    C. $12,000 unfavorable
    D. $22,000 favorable

    16. What is the fixed factory overhead volume variance?
    A. $96,000 unfavorable
    B. $96,000 favorable
    C. $80,000 unfavorable
    D. $80,000 favorable
  • Jan 18, 2006, 12:18 PM
    NeedKarma
    Who did your homework before you found this board?
  • Jan 18, 2006, 12:19 PM
    shikha
    This is the first time I am reading accouting, so no one did!. u will be the frist one... thanks fr helping
  • Jan 18, 2006, 12:21 PM
    NeedKarma
    You don't want people to help, you want them to do it for you. Please book an appointment with your teacher so that you can get some one-on-one tutoring for the parts you don't understand. Failing that, read your textbook and attend class.
  • Jan 18, 2006, 12:22 PM
    shikha
    This is a correspondence course... does your answer imply that you wnt do it fr me?
  • Jan 18, 2006, 12:27 PM
    NeedKarma
    Quote:

    Originally Posted by shikha
    this is a correspondence course.....does ur answer imply that u wnt do it fr me ?.

    See? You are smarter than you think!
  • Jan 18, 2006, 12:29 PM
    shikha
    Well thanks fr all the help then... thats all I can say...
    This is my last sem, accounting we tried doing it on our own with some ref books but it didn't work, I searched the net and gt your site, I posted a question and gt a reply... still don't understand what's wrong in that ?
    Regards
  • Jan 18, 2006, 12:43 PM
    NeedKarma
    http://www.middlecity.com/ch20.shtml
  • Jan 18, 2006, 12:48 PM
    shikha
    Thanks!!

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