ACC 561 Question 13-49 Variances Study Appendix 13. Consider the

ACC 561 Question 13-49 Variances Study Appendix 13. Consider
the following data regarding factory overhead

Introduction to Management Accounting: Horngren, C. T.,
Sundem, G. L., Stratton, W. O., Burgstahler, D., & Schatzberg, J. (2008).

Introduction to Management Accounting (14th ed.). Upper
Saddle River, New Jersey: Pearson-Prentice Hall.

Question 13-49, Variances, on p. 622

Axia College of University of Phoenix (UoP)

Question 13-49:

13-49 Variances, on p. 622

Study Appendix 13. Consider the following data regarding
factory overhead:

Variable
Fixed

Budget for actual hours of input $45,000 $70,000

Applied
41,000 64,800

Budget for standard hours allowed

for actual output achieved ? ?

Actual incurred
48,500 68,500

Using the above data, fill in the following blanks with the
variance amounts. Use F for favorable or U for unfavorable for each variance.

Total Overhead
Variable Fixed

1. Spending variance ______ ______ ______

2. Efficiency variance ______ ______ ______

3. Production-volume variance ______ ______ ______

4. Flexible-budget variance ______ ______ ______

5. Underapplied overhead ______ ___