Question 13-49, Variances, on p. 622
3. Individual Assignment: Text Exercises
ACC 561 13-49 Variances Study Appendix 13 Variances on p. 622 TUTORIAL
ACC 561 13-49 Variances Study Appendix 13 SOLUTION
ACC 561 13-49 Variances Study Appendix 13 ANSWER
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.
Axia College of University of Phoenix (UoP)
Complete the following Problem Sets from the text. Show your work.
13-49 Variances
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 ______ ______ ______
