4 (20 MINUTES) YUNG CORPORATION VARIABLE OVERHEAD PERFORMA...

Exercise 11-4 (20 minutes)

Yung Corporation

Variable Overhead Performance Report

For the Year Ended December 31

Budgeted direct labor-hours ... 38,000

Actual direct labor-hours... 34,000

Standard direct labor-hours allowed... 35,000

Actual (1)

(3)

Budget (2)

Costs

Budget

Based on

Incurred

Total (4)

34,000

Spending

Efficiency

35,000

Cost

DLHs

Variance

Formula

(1)-(2)

(2)-(3)

(AH × SR)

(1)-(3)

(SH × SR)

(AH × AR)

(per DLH)

Overhead Costs

Indirect labor ... $0.60 $21,200 $20,400 $21,000 $200 U $800 U $600 F

Supplies ... 0.10 3,200 3,400 3,500 300 F 200 F 100 F

Electricity... 0.05 1,600 1,700 1,750 150 F 100 F 50 F

Total variable over-

head cost... $0.75 $26,000 $25,500 $26,250 $250 F $500 U $750 F