Total Flexible Budget Product Cost Variance (a) Total Direct Materials Variance Total Direct Total Manufacturing Overhead Variance Labor Variance (b) () (d) irect Materials Direct Materials Cost Variance Efficiency Variance Cost Variance Efficiency Variance Total Fixed Overhead Variance Direct Labor Direct Labor Total Variable Overhead Variance $310 F $165 U $160 U $415 F (e) Variable Overhead Cost Variance Variable Fixed Overhead Efficiency Variance Cost Variance Overhead $525 U $575 F $50 F

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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Understanding variance relationships

Complete the table below for the missing variances.

Total Flexible Budget Product Cost Variance
(a)
Total Direct
Materials Variance
Total Direct
Total Manufacturing
Overhead Variance
Labor Variance
(b)
()
(d)
irect Materials Direct Materials
Cost Variance Efficiency Variance Cost Variance Efficiency Variance
Total Fixed
Overhead
Variance
Direct Labor
Direct Labor
Total Variable
Overhead Variance
$310 F
$165 U
$160 U
$415 F
(e)
Variable
Overhead Cost
Variance
Variable
Fixed
Overhead
Efficiency Variance Cost Variance
Overhead
$525 U
$575 F
$50 F
Transcribed Image Text:Total Flexible Budget Product Cost Variance (a) Total Direct Materials Variance Total Direct Total Manufacturing Overhead Variance Labor Variance (b) () (d) irect Materials Direct Materials Cost Variance Efficiency Variance Cost Variance Efficiency Variance Total Fixed Overhead Variance Direct Labor Direct Labor Total Variable Overhead Variance $310 F $165 U $160 U $415 F (e) Variable Overhead Cost Variance Variable Fixed Overhead Efficiency Variance Cost Variance Overhead $525 U $575 F $50 F
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