Ben Simon Corp

question 156

Essay

Ben Simon Corp. has the following information about its standards and production activity for the month of November:Required:
Calculate (to the nearest whole dollar) and show supporting calculations for each of the following variances:
1. Variable overhead flexible-budget variance.
2. Fixed overhead spending variance.
3. Fixed overhead production volume variance.

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Definitions:

Production Shift Data

Information regarding the output, workforce, and operations during a specific work shift in production.

Performance Targets

Levels or rates of improvement that management wants to achieve for performance metrics.

Employee Incentives

Rewards or benefits offered to employees to motivate them and improve their job performance.

Strategy Map

Arrows added to the balanced scorecard showing the expected cause-and-effect relationships among strategic objectives.