The following information is available for Wick Co for month 1BudgetedFixed over-新东方在线职业题库

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The following information is available for Wick Co for month 1

Budgeted

Fixed overheads $20,000 to be absorbed at $10/hr

Time to make one unit 4 hoursActual

Fixed overheads $23,000

Time taken to make 550 units 2,475 hours

Calculate the fixed overhead:

(i) Expenditure variance and state if it is favourable or adverse.

(ii) Capacity variance and state if it is favourable or adverse.

(iii) Efficiency variance and state if it is favourable or adverse.

考点：Chapter20Standardcosting

(i) The expenditure variance is $23,000 - $20,000 = $3000 and is adverse

(ii) The capacity variance is (2,475 hours x $10) - $20,000 = $4,750 and is favourable

(iii) The efficiency variance is (550 units x 4 hours x $l〇) - (2,475 hours x $l〇)= $2,750 and is adverse

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材料全屏

60

【单项选择题】

What was the adverse material price variance?

A

$1,000

B

$3,500

C

$7,500

D

$11,000

What was the favourable material usage variance?

A

$2,500

B

$4,000

C

$7,500

D

$10,000

材料全屏

62

【单项选择题】

What was the total direct materials variance?

A

Nil

B

$10,000 Adverse

C

$10,000 Favourable

D

$11,000 Adverse

What was the total direct labour variance?

A

$6,000 Favourable

B

$20,000 Adverse

C

$22,000 Favourable

D

Nil

What was the total direct variable overheads variance?

A

Nil

B

$12,000 Favourable

C

$12,000 Adverse

D

$11,000 Adverse

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