accounting 203 432610
Aug 29, 2021 | Uncategorized
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The following data for November have been provided by Rickenbaker Corporation, a producer of precision drills for oil exploration:
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|
| Budgeted production |
|
4,150 |
drills |
| Standard machine hours per drill |
|
8.7 |
machine hours |
| Standard indirect labor |
$ |
9.7 |
per machine hour |
| Standard power |
$ |
3.5 |
per machine hour |
| Actual production |
|
4,450 |
drills |
| Actual machine hours |
|
40,050 |
machine hours |
| Actual indirect labor |
$ |
422,528 |
|
| Actual power |
$ |
117,915 |
|
| Required: |
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Compute the variable overhead rate variances for indirect labor and for power for November. (Input all amounts as positive values. Leave no cells blank be certain to enter “0” wherever required. Indicate the effect of each variance by selecting “F” for favorable, “U” for unfavorable, and “None” for no effect (i.e., zero variance). Round your answers to the nearest dollar amount.)
|
|
| Indirect labor |
$ |
(Click to select) F U None |
| Power |
$ |
(Click to select) U F None |
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