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book Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello cover

Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

النسخة 17الرقم المعياري الدولي: 978-0078025778
book Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello cover

Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

النسخة 17الرقم المعياري الدولي: 978-0078025778
تمرين 60
Volume and Spending Variances
Jesse is the office manager of a large firm called Law Legal Services, Inc. At Law Legal Services, overhead is allocated to client accounts using hours billed. Jesse found the following information related to overhead for the previous month:
• Spending variance 5 $15,000 unfavorable
• Volume variance 5 $8,000 favorable
• Actual overhead 5 $60,000
• Actual hours billed 5 4,500 hours
Are the normal or expected hours for billing each month higher or lower than the actual hours billed last month? Were the actual expenditures of office supplies, equipment, indirect labor, and so on, higher or lower than expected?
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As we can notice the volume variance is ...

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Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
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