ACC 561 Question 13-48 Study Appendix 13. Consider the following data for the Rivera Company:

ACC 561 13-48 Study Appendix 13. Consider the following data for the Rivera Company:

 

ACC 561 Q13-48 Study Appendix 13

Question 13-48, Overhead Variances, on p. 622

ACC 561 Q13-48 Rivera Company

3. Individual Assignment: Text Exercises

13-48, Overhead Variances, on p. 622

Axia College of University of Phoenix (UoP)

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.

Complete the following Problem Sets from the text. Show your work.

13-48 Overhead Variances Study Appendix 13. Consider the following data for the Rivera Company:

Factory Overhead

Fixed               Variable

Actual incurred                                                                                    $14,200           $13,300

Budget for standard hours allowed for output achieved                      12,500                         11,000

Applied                                                                                    11,600                         11,000

Budget for actual hours of input                                                          12,500                         11,400

From the above information, fill in the blanks below. Be sure to mark your variances F for favourable and U for unfavorable.

a. Flexible-budget variance $______ Fixed $______ Variable $______

b. Production-volume variance $______ Fixed $______ Variable $______

c. Spending variance $______ Fixed $______ Variable $______

d. Efficiency variance $______ Fixed $______
Variable $______

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