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Cabot Company collected the following data regarding 



1.Cabot Company collected the following data regarding production of one of its products. Compute the

Direct labor standard (2 hrs. @ $13/hr.)	$26 per finished unit 
Actual direct labor hours	81,000 hrs.
Budgeted units	42,000 units
Actual finished units produced	40,000 units
Standard variable OH rate (2hrs.@ $14.30/hr.)	$28.60 per finished unit 
Standard fixed OH rate ($336,000/42,000 units)	$8.00 per unit
Actual cost of variable overhead costs incurred 	$1,140,000
Actual cost fixed overhead costs incurred	$ 338,000

fixed overhead cost variance.
A. $18,300 favorable.
B. $18,000 favorable.
C. $18,000 unfavorable.
D. $18,300 unfavorable.
E. $14,300 unfavorable.
2.Cabot Company collected the following data regarding production of one of its products. Compute the

Direct labor standard (2 hrs. @ $13/hr.)	$26 per finished unit 
Actual direct labor hours	81,000 hrs.
Budgeted units	42,000 units
Actual finished units produced	40,000 units
Standard variable OH rate (2hrs.@ $14.30/hr.)	$28.60 per finished unit 
Standard fixed OH rate ($336,000/42,000 units)	$8.00 per unit
Actual cost of variable overhead costs incurred 	$1,140,000
Actual cost fixed overhead costs incurred	$ 338,000

variable overhead spending variance.
A. $18,300 favorable.
B. $18,000 favorable.
C. $18,000 unfavorable.
D. $18,300 unfavorable.
E. $14,300 unfavorable.
3.Cabot Company collected the following data regarding production of one of its products. Compute the
Direct labor standard (2 hrs. @ $13/hr.)	$26 per finished unit 
Actual direct labor hours	81,000 hrs.
Budgeted units	42,000 units
Actual finished units produced	40,000 units
Standard variable OH rate (2hrs.@ $14.30/hr.)	$28.60 per finished unit 
Standard fixed OH rate ($336,000/42,000 units)	$8.00 per unit
Actual cost of variable overhead costs incurred 	$1,140,000
Actual cost fixed overhead costs incurred	$ 338,000

variable overhead efficiency variance.
A. $14,300 favorable.
B. $18,000 favorable.
C. $18,000 unfavorable.
D. $18,300 unfavorable.
E. $14,300 unfavorable.




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