Standard cost system-overhead variances
Assume the following data for John Company's August operations. (a)Compute the amount of overhead applied to Work in Process during August.$_______________
(b)Compute the total manufacturing overhead budgeted based on hours worked during August.$_______________
(c)Compute the overhead spending variance for August.Indicate whether favorable (F)or unfavorable (U).$_______________
(d)Compute the overhead volume variance for August.Indicate whether favorable (F)or unfavorable (U).$_______________

Question

Standard cost system-overhead variances
Assume the following data for John Company's August operations.  (a)Compute the amount of overhead applied to Work in Process during August.$_______________
(b)Compute the total manufacturing overhead budgeted based on hours worked during August.$_______________
(c)Compute the overhead spending variance for August.Indicate whether favorable (F)or unfavorable (U).$_______________
(d)Compute the overhead volume variance for August.Indicate whether favorable (F)or unfavorable (U).$_______________

Quizplus · Accepted Answer

The Answer of Standard cost system-overhead variances
Assume the following data for John Company's August operations.  (a)Compute the amount of overhead applied to Work in Process during August.$_______________
(b)Compute the total manufacturing overhead budgeted based on hours worked during August.$_______________
(c)Compute the overhead spending variance for August.Indicate whether favorable (F)or unfavorable (U).$_______________
(d)Compute the overhead volume variance for August.Indicate whether favorable (F)or unfavorable (U).$_______________

Standard Cost System-Overhead Variances