Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. crystal glassware company has the following standa

Crystal Glassware Company has the following standards and flexible budget data, Standard variable-overhead rate Standard...

50.1K

Verified Solution

Question

Accounting

image
Crystal Glassware Company has the following standards and flexible budget data, Standard variable-overhead rate Standard quantity of direct labor Budgeted fixed overhead Budgeted output $ 6.00 per direct-labor hour 2 hours per unit of output $100,000 25,000 units Actual results for April are as follows: Actual output Actual variable overhead Actual fixed overhead Actual direct labor 17,000 units $ 272,000 $ 93,000 45,000 hours Required: Use the variance formulas to compute the following variances. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (.e., zero variance).) Answer is complete but not entirely correct. 2 3. Variable-overhead spending variance Variable-overhead efficiency variance Fixed-overhead budget variance Fixed-overhead volume variance 1.998,000 Unfavorable $ 6,500 Favorable $ 737,500 Favorable $ 375,000 X Unfavorable 0 % 4

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A watch manufacturer believes that 60% of men over age 50 wear watches. So, the manufacturer...

Statistics
Q

How does biological diversity relate to the characteristics of the abiotic factors of an ecosystem?

Biology
Q

Find two scholarly articles that examine a public policy issue in health care. Then, in 750-1,250...

Psychology
Q

List the types of noise and their sources. What are the various ways of enhancing Signal-toNoise...

Physics
Q

In Guinea pigs black hair B is dominant over white b rough coat texture R...

Biology
Q

A massless elastic cord (that obeys Hooke's law) will break if the tension in the...

Physics
Q

Evaluate and round to the forth number after the decimal point.sin 74?cos 48?tan 38?

Basic Math
Q

Graph the following iction f x Label the vertical asymptote State the domain and range...

Calculus
Q

4 2 0 a b c e 2 lim f x 2 2 d f...

Calculus
Q

Tech Solutions is a consulting firm that uses a job-order costing system. Its...

Accounting
Q

Please give real life examples for the reasons of materials quantity variance and labor efficiency...

Accounting
Q

You are the audit senior for the audit of Grosse Ltd. and have been given...

Accounting