Zitrik Corporation manufactured 130,000 buckets during February. The variable a Budgeted 130,000 units 130,000 units 9,700 hours 9,000 hours $5.10 Actual Production Machine-hours Variable overhead cost per machine-hour $5.00 What is the actual variable overhead cost? O A. $48,500 O B. $663,000 O C. $49,470 O D. $650,000
Zitrik Corporation manufactured 130,000 buckets during February. The variable a Budgeted 130,000 units 130,000 units 9,700 hours 9,000 hours $5.10 Actual Production Machine-hours Variable overhead cost per machine-hour $5.00 What is the actual variable overhead cost? O A. $48,500 O B. $663,000 O C. $49,470 O D. $650,000
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 12PA: ABC Inc. spent a total of $48,000 on factory overhead. Of this, $28,000 was fixed overhead. ABC Inc....
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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![Zitrik Corporation manufactured 130,000 buckets during February. The variable o
Budgeted
130,000 units 130,000 units
9,000 hours
$5.00
Actual
Production
9,700 hours
$5.10
Machine-hours
Variable overhead cost per machine-hour
What is the actual variable overhead cost?
O A. $48,500
O B. $663,000
OC. $49,470
D. $650,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F766221f5-d1f1-4b56-9469-7fbc84dbba8e%2Fe25a7fd6-ee01-4593-99e2-b5f6bcacbab9%2F445qild_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Zitrik Corporation manufactured 130,000 buckets during February. The variable o
Budgeted
130,000 units 130,000 units
9,000 hours
$5.00
Actual
Production
9,700 hours
$5.10
Machine-hours
Variable overhead cost per machine-hour
What is the actual variable overhead cost?
O A. $48,500
O B. $663,000
OC. $49,470
D. $650,000
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