Solved

Barrymore Corporation,which Makes Landing Gears,has Provided the Following Data for a Recent

Question 110

Essay

Barrymore Corporation,which makes landing gears,has provided the following data for a recent month:  Budgeted production 1,200 gears  Standard machine-hours per  gear 5.9 machine-hours  Budgeted supplies cost $6.50 per machine-  hour  Actual production 1,300 gears  Actual machine-hours 7,950 machine-hours  Actual supplies cost (total) $49,742\begin{array} { | l | r | l | } \hline \text { Budgeted production } & 1,200 & \text { gears } \\\hline \begin{array} { l } \text { Standard machine-hours per } \\\text { gear }\end{array} & 5.9 & \text { machine-hours } \\\hline \text { Budgeted supplies cost } & \$ 6.50 & \begin{array} { l } \text { per machine- } \\\text { hour }\end{array} \\\hline \text { Actual production } & 1,300 & \text { gears } \\\hline \text { Actual machine-hours } & 7,950 & \text { machine-hours } \\\hline \text { Actual supplies cost (total) } & \$ 49,742 & \\\hline\end{array}
Required:
Determine the rate and efficiency variances for the variable overhead item supplies and indicate whether those variables are favorable or unfavorable.Show your work!

Correct Answer:

verifed

Verified

Variable overhead rate variance = (AH ×...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents