Solved

Dillard, Inc

Question 143

Essay

Dillard, Inc., has developed the following standard cost data based on a denominator volume of 60,000 direct labor hours (DLHs). Budgeted fixed overhead is $360,000 and budgeted variable overhead is $180,000 at this level of activity. Dillard, Inc., has developed the following standard cost data based on a denominator volume of 60,000 direct labor hours (DLHs). Budgeted fixed overhead is $360,000 and budgeted variable overhead is $180,000 at this level of activity. During the last period, the company used 48,000 DLHs to produce 128,000 units. It incurred the following manufacturing costs: Required: Determine all variances for direct materials, direct labor, and factory overhead. Use a 4-variance breakdown (decomposition) of the total overhead variance for the period. Note: this problem requires knowledge from Chapter 14. During the last period, the company used 48,000 DLHs to produce 128,000 units. It incurred the following manufacturing costs: Dillard, Inc., has developed the following standard cost data based on a denominator volume of 60,000 direct labor hours (DLHs). Budgeted fixed overhead is $360,000 and budgeted variable overhead is $180,000 at this level of activity. During the last period, the company used 48,000 DLHs to produce 128,000 units. It incurred the following manufacturing costs: Required: Determine all variances for direct materials, direct labor, and factory overhead. Use a 4-variance breakdown (decomposition) of the total overhead variance for the period. Note: this problem requires knowledge from Chapter 14. Required: Determine all variances for direct materials, direct labor, and factory overhead. Use a 4-variance breakdown (decomposition) of the total overhead variance for the period. Note: this problem requires knowledge from Chapter 14.

Correct Answer:

verifed

Verified

Answer may...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q12: The following information for the past

Q13: The difference between the standard variable overhead

Q26: Which of the following is a characteristic

Q33: The Wentworth Company manufactures modular furniture for

Q44: Which of the following statements about variable

Q65: Random variances are:<br>A) Considered as uncontrollable from

Q67: At the denominator activity level, Norland Company's

Q81: Erie Co. uses machine hours to

Q115: Intangible attributes often play dominant roles in

Q141: Megan, Inc. uses the following standard costs