Business, 17.06.2020 05:57 lobatospitones
Ana Carillo and Associates is a medium-sized company located near a large metropolitan area in the Midwest. The company manufactures cabinets of mahogany, oak, and other fine woods for use in expensive homes, restaurants, and hotels. Although some of the work is custom, many of the cabinets are a standard size. One such non-custom model is called Luxury Base Frame. Normal production is 1,000 units. Each unit has a direct labor hour standard of 5 hours. Overhead is applied to production based on standard direct labor hours. During the most recent month, only 1,120 units were produced; 4,500 direct labor hours were allowed for standard production, but only 4,000 hours were used. Standard and actual overhead costs were as follows.
Standard (1,000 units) Actual (1,120 units)
Indirect materials $15,800 $16,200
Indirect labor 56,600 67,100
(Fixed) Manufacturing supervisors
salaries 29,600 28,900
(Fixed) Manufacturing office
employees salaries 17,100 16,400
(Fixed) Engineering costs 35,500 32,900
Computer costs 13,100 13,100
Electricity 3,300 3,300
(Fixed) Manufacturing building
depreciation 10,500 10,500
(Fixed) Machinery depreciation 3,900 3,900
(Fixed) Trucks and forklift depreciation 2,000 2,000
Small tools 900 1,800
(Fixed) Insurance 700 700
(Fixed) Property taxes 400 400
Total $189,400 $197,200
Calculate the total overhead variance, controllable variance, and volume variance.
Total overhead variance -20710 T Unfavorable
Controllable variance 14710 | Unfavorable
Volume variance -6000 T Unfavorable
Answers: 1
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Ana Carillo and Associates is a medium-sized company located near a large metropolitan area in the M...
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