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    hanhvy04
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    The document summarizes overhead variance calculations. It defines actual fixed overhead, budgeted fixed overhead, and applied fixed overhead. It explains the calculations for total fixed overhead variance and total variable overhead variance. It also provides an example calculation for material price variance. The summary is 3 sentences or less as requested.

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    Acc-406 (2)

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    The document summarizes overhead variance calculations. It defines actual fixed overhead, budgeted fixed overhead, and applied fixed overhead. It explains the calculations for total fixed overhead variance and total variable overhead variance. It also provides an example calculation for material price variance. The summary is 3 sentences or less as requested.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views1 page

    Acc 406

    Uploaded by

    hanhvy04
    The document summarizes overhead variance calculations. It defines actual fixed overhead, budgeted fixed overhead, and applied fixed overhead. It explains the calculations for total fixed overhead variance and total variable overhead variance. It also provides an example calculation for material price variance. The summary is 3 sentences or less as requested.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Actual fixed overhead Budgeted fixed overhead Applied fixed overhead 4 Budget) Applied

    Actual) Budget
    -

    U :
    Budgeted fixed overhead
    :

    - &
    BFOH-SHXSFORI
    ·

    -
    =

    Actual (Budget & F Budget Applied


    -

    F :
    fixed overhead
    :

    spending fixed overhead


    denominator/volume/capacity
    Variance Variance

    total fixed overhead variance = Actual FOR -

    AppliedI For
    H
    f: Actual <Applied (SHXSVOR]
    U : Actual Applied
    -

    Actual
    SP 4 unit
    =

    I
    variable Actual Standard hour

    I
    variable OVH
    * Actual DL hours (AH) LStandard direct labo ur hours that should have
    been worked for
    ovre
    X
    & actual units produced
    &
    Standard variable overhead Standard variable overhead
    rate per hour
    II rate per hour
    (Actualvariableoverdade
    Actual variable overhead
    -
    CANXSVOR)
    CAH-SH) XSVOR
    variable overhead variable overhead
    spending efficiency
    Variance -
    f : AVOR JAMXSVOR) U : AH > SH
    Variance -

    (U : AVOR)
    - & f : AH < SH

    total variable overhead variance = VOH


    spending variance + VOH

    efficiencyvariance
    - -

    Is price variance for DM = AQp x (AP-SP)


    =
    372000 x (1 .
    55 -

    1 .

    60)
    = + 18600 (far AP(SP)

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