Skizone Company's 4-Variance Analysis:SpendingVarianceVariableoverheadFixed overhead (a)$6400 F$4300 unfavorable$4300 favorable:$8500 favorableEfficiencyVariance$8500 unfavorable$18,000 UNo varianceIf Skizone's combined 4-Variance Analysis shows an unfavorable spending variance of $2100, whatis the fixed overhead spending variance (a)?Production-Volume VarianceNo variance$49,000 U

Name: Skizone Company's 4-Variance Analysis:SpendingVarianceVariableoverhea
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Description: Skizone Company's 4-Variance Analysis:SpendingVarianceVariableoverheadFixed overhead (a)$6400 F$4300 unfavorable$4300 favorable:$8500 favorableEfficiencyVariance$8500 unfavorable$18,000 UNo varianceIf Skizone's combined 4-Variance Analysis shows an

The fixed overhead spending variance is a measure of how much a company's actual fixed overhead…

Business

Accounting

Skizone Company's 4-Variance Analysis: Spending Variance Variable overhead Fixed overhead (a) $6400 F Efficiency Variance $18,000 U No variance Production- Volume Variance No variance $49,000 U If Skizone's combined 4-Variance Analysis shows an unfavorable spending variance of $2100, what is the fixed overhead spending variance (a)?

Skizone Company's 4-Variance Analysis: Spending Variance Variable overhead Fixed overhead (a) $6400 F Efficiency Variance $18,000 U No variance Production- Volume Variance No variance $49,000 U If Skizone's combined 4-Variance Analysis shows an unfavorable spending variance of $2100, what is the fixed overhead spending variance (a)?

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead

Section: Chapter Questions

Problem 23E: (Appendix) Calculating factory overhead: three variances Using the data given in E8-17, calculate...

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Can you help me interpret these results i)Revenue Variance, Price, and Volume Variance Revenue variance = Actual revenues – Static revenues = $2,200,000 - $1,9800,000 = $220,000 Price variance = Actual revenues – Flexible revenues =$2,2000,000 - $2,200,000 =$0 Volume variance = Flexible revenues – Static revenues =$2,200,000 - $1,980,000 = $220,000 ii) Cost Variance, Volume Variance and Management Variance Cost variance = Static cost - Actual cost =$1,350,000 -$1,625,000 = $-275,000 Volume = Static cost – Flexible costs = $1,350,000 - =$1,475,000 = $-125,000 Management variance = Flexible cost- Actual cost =$2,200,000 - 1,625,000 =$575,000 iii) Profit Variance Profit Variance= Actual Profit - Static Profit = 225,000 - 130,000 = 95,000 Revenue Variance = Actual Revenue - Static Revenue = 2, 200,000 - 1,980,000 = 220,000 Cost Variance = Static Cost - Actual Costs = 1,850,000 - 1,975,000 = (125,000) Can you help me interpret these results
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