The following data relate to two output levels of a department:Machine hours 17,-新东方在线职业题库

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The following data relate to two output levels of a department:

Machine hours 17,000 18,500

Overheads $246,500 $251,750

What is the amount of fixed overheads?

$ O

Chapter4Costclassification

Total cost of 18,500 hours 251,750

Total cost of 17,000 hours 246,500

Variable cost of 1,500 hours 5,250

Variable cost per machine hour = $5,250/1,500 machine hours = $3.50.

Total cost of 17,000 hours 246,500

Less variable cost of 17,000 hours (x $3.50) 59,500

Balance = fixed costs 187,000

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What does an adverse variable overhead efficiency variance indicate and what might be the cause?

Explain briefly the possible causes of

(i) A favourable material usage variance

(ii) A favourable labour rate variance

(iii) An adverse sales volume contribution variance.

What is the relationship between the labour efficiency variance and the variable overhead efficiency variance? Why might the monetary value be different?

Explain the meaning and relevance of interdependence of variances when reporting to managers.

A balanced scorecard measures performance 什om four perspectives: customer satisfaction, growth, financial success and process efficiency. Briefly explain these processes.

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