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The following information is available for the Danske Company: Denominator hours for May Actual hours worked during May Standard hours allowed for May Flexible budget fixed overhead cost Actual fixed overhead costs for May 20,000 18,100 14,000 Variable Overhead: Applied based on standard direct labor-hours allowed Budgeted based on standard direct labor-hours Fixed Overhead: Applied based on standard direct labor-hours allowed Budgeted based on standard direct labor-hours What is the fixed overhead price (spending) variance for May? $ 60,000 $ 64,000 Danske Company had total underapplied overhead of $20,000. Additional information is as follows $ 52,000 43,000 $ 40,000 32,000

The following information is available for the Danske Company: Denominator hours for May Actual hours worked during May Standard hours allowed for May Flexible budget fixed overhead cost Actual fixed overhead costs for May 20,000 18,100 14,000 Variable Overhead: Applied based on standard direct labor-hours allowed Budgeted based on standard direct labor-hours Fixed Overhead: Applied based on standard direct labor-hours allowed Budgeted based on standard direct labor-hours What is the fixed overhead price (spending) variance for May? $ 60,000 $ 64,000 Danske Company had total underapplied overhead of $20,000. Additional information is as follows $ 52,000 43,000 $ 40,000 32,000

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter7: The Master Budget And Flexible Budgeting
Section: Chapter Questions
Problem 12P: Overhead application rate Roll Tide Manufacturing Inc. uses a job order cost system and standard...
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The following information is available for the Danske Company: Denominator hours for May Actual hours worked during May Standard hours allowed for May Flexible budget fixed overhead cost Actual fixed overhead costs for May Danske Company had total underapplied overhead of $20,000. Additional information is as follows: Variable Overhead: Applied based on standard direct labor-hours allowed Budgeted based on standard direct labor-hours Fixed Overhead: Applied based on standard direct labor-hours allowed Budgeted based on standard dinect labon-hours $ 52,000 43,000 $ 40,000 32,000 What is the fixed overhead price (spending) variance for May? Multiple Choice $4,000 unfavorable 94.100 unfavorable
Variable Overhead: Applied based on standard direct labor-hours allowed Budgeted based on standard direct labor-hours Fixed Overhead: Applied based on standard direct labor-hours allowed Budgeted based on standard direct labor-hours What is the fixed overhead price (spending) variance for May? Multiple Choice $4,000 unfavorable $4,100 unfavorable $1,900 unfavorable $4,100 favorable $ 52,000 43,000 $ 40,000 32,000
Transcribed Image Text:Variable Overhead: Applied based on standard direct labor-hours allowed Budgeted based on standard direct labor-hours Fixed Overhead: Applied based on standard direct labor-hours allowed Budgeted based on standard direct labor-hours What is the fixed overhead price (spending) variance for May? Multiple Choice $4,000 unfavorable $4,100 unfavorable $1,900 unfavorable $4,100 favorable $ 52,000 43,000 $ 40,000 32,000
The following information is available for the Danske Company: Denominator hours for May Actual hours worked during May Standard hours allowed for May Flexible budget fixed overhead cost Actual fixed overhead costs for May Danske Company had total underapplied overhead of $20,000. Additional information is as follows: Variable Overhead: Applied based on standard direct labor-hours allowed Budgeted based on standard direct labor-hours Fixed Overhead: Applied based on standard direct labor-hours allowed Budgeted based on standard direct labor-hours What is the fixed overhead price (spending) variance for May? Multiple Choice $4,000 unfavorable 20,000 18,100 14,000 $ 60,000 $ 64,000 $4,100 unfavorable $ 52,000 43,000 $ 40,000 32,000
Transcribed Image Text:The following information is available for the Danske Company: Denominator hours for May Actual hours worked during May Standard hours allowed for May Flexible budget fixed overhead cost Actual fixed overhead costs for May Danske Company had total underapplied overhead of $20,000. Additional information is as follows: Variable Overhead: Applied based on standard direct labor-hours allowed Budgeted based on standard direct labor-hours Fixed Overhead: Applied based on standard direct labor-hours allowed Budgeted based on standard direct labor-hours What is the fixed overhead price (spending) variance for May? Multiple Choice $4,000 unfavorable 20,000 18,100 14,000 $ 60,000 $ 64,000 $4,100 unfavorable $ 52,000 43,000 $ 40,000 32,000
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