Struggling with what should e a simple variance calculation.. Kaplan chapter 15 TYU 4

Miro2021
Registered Posts: 1
I've been getting frustrated with working out the fixed OH variances (expenditure and volume) for this question and would really appreciate some help:
CD Products has 2 manufacturing departments: the CD pressing department and the Finishing department.
Details of the standard costs are shown below:
Standard Cost Per Machine Hour - CD Pressing Department:
Blank compact discs: 800 x £0.20 each _____ £160.00
Labour: 8 labour hours x £7.00 _______ £56.00
Fixed overheads: _______ £200.00
Standard cost of pressing 800 compact discs per machine hour: £416.00
The following info is provided:
CD Pressing Department information:
Thanks for any assistance
CD Products has 2 manufacturing departments: the CD pressing department and the Finishing department.
Details of the standard costs are shown below:
Standard Cost Per Machine Hour - CD Pressing Department:
Blank compact discs: 800 x £0.20 each _____ £160.00
Labour: 8 labour hours x £7.00 _______ £56.00
Fixed overheads: _______ £200.00
Standard cost of pressing 800 compact discs per machine hour: £416.00
The following info is provided:
CD Pressing Department information:
- Budgeted labour hours:__________ 880 hours
- Actual number of compact discs manufactured:___ 96,000 CDs
- Actual cost of blank compact discs issued to production:____£20,790
- Actual price paid for each blank compact disc: ______£0.21
- Actual labour hours worked:__________980 hours
- Actual cost of labour: £7,252
- Budgeted total factory fixed costs:_______£33,000
- Actual total factory fixed costs:_______£34,500
- Budgeted total factory labour hours:___1,320 hours
- oth budgeted and actual fixed overheads are apportioned between the pressing and finishing departments on the basis of budgeted labour hours.
Thanks for any assistance
0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 18.9K For AAT students
- 234 NEW! Qualifications 2022
- 133 General Qualifications 2022 discussion
- 7 AAT Level 2 Certificate in Accounting
- 31 AAT Level 3 Diploma in Accounting
- 55 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 91 Software
- 272 Tax
- 135 Bookkeeping
- 7.3K General accounting discussion
- 201 AAT member discussion (AATQB, MAAT, FMAAT and AAT Licensed Accountants and Bookkeepers)
- 3.8K For everyone
- 39 AAT news and announcements
- 352 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 586 Job postings
- 17 Who can benefit from AAT?
- 36 Where can AAT take me?
- 44 Getting started with AAT
- 26 Finding an AAT training provider
- 47 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 65 AAT membership