Florida Company's overhead cost information - 9861

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umer

umer

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  • Posted on: Thu 17 May, 2012
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Request Description

Florida Company's overhead cost information is given below: 

 

Standard applied overhead     $210,000 

 

Budgeted overhead based on standard machine hours allowed     $230,000 

 

Budgeted overhead based on actual machine hours used     $215,000 

 

Actual overhead     $200,000 

 

 

Required: 

 

     a.     Compute the total overhead variance. 

 

     b.     Calculate the flexible budget variance 

 

c.     Determine the production volume variance. 

 

 

 

Solution Description

Florida Company's overhead cost information is given below:

Standard applied overhead     $210,000

Budgeted overhead based on standard machine hours allowed     $230,000

Budgeted overhead based on actual machine hours used    &nbs