Franklin glass works uses a standard cost system in which, Ask an Expert

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Franklin Glass Works uses a standard cost system in which manufacturing overhead is applied on the basis of standard direct labor-hours. Each unit requires two standard hours of direct labor for completion. The denominator activity for the year was based on budgeted production of 200,000 units. Total overhead was budgeted at $900,000 for the year, and the fixed manufacturing overhead rate was $1.50 per direct labor-hour. The actual data pertaining to the manufacturing overhead for the year are presented below:?

The standard hours allowed for actual production for the year total: ?A. 247,500?B. 396,000?C. 400,000 ?D. 495,000?
Franklin's variable overhead efficiency variance for the year is: ?A. $33,000 unfavorable?B. $35,200 favorable?C. $35,200 unfavorable?D. $33,000 favorable

Franklin's variable overhead rate variance for the year is: ?A. $20,000 unfavorable?B. $22,000 favorable?C. $22,000 unfavorable?D. $20,000 favorable ?
The fixed manufacturing overhead applied to Franklin's production for the year is: ?A. $484,200?B. $575,000?C. $594,000?D. $600,000

Franklin's Production volume variance for the year is: ?A. $6,000 unfavorable?B. $19,000 favorable?C. $25,000 favorable?D. $55,000 unfavorable

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9949703

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