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Homework answers / question archive / Primara Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period

Primara Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period

Accounting

Primara Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: $250,000 Total budgeted fixed overhead cost for the year $254.000 Actual fixed overhead cost for the year Budgeted standard direct labor-hours (denominator level of activity) Actual direct labor-hours Standard direct labor-hours allowed for the actual output 25,000 27.000 26,000 Required: 1. Compute the fixed portion of the predetermined overhead rate for the year. (Round Fixed portion of the predetermined overhead rate to 2 decimal places.) $ 100 Fixed overhead Denominator level of activity Fixed portion of the predetermined overhead rate 10 DLHS $ 10.00 per DLH
Required: 1 Compute the fixed portion of the predetermined overhead rate for the year. (Round Fixed portion of the predetermined overhead rate to 2 decimal places.) Fixed overhead ook Denominator level of activity Fixed portion of the predetermined overhead rate 100 10 DLHS 10.00 per DLH nt ences 2. Compute the fixed overhead budget variance and volume variance. (Round Fixed portion of the predetermined overhead rate to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.)) Budget Variance Actual fixed overhead cost for the year Budgeted fixed overhead cost Budget variance Volume Variance per DLH Fixed portion of the predetermined overhead rate Denominator hours Standard hours allowed Volume variance

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