# Calculate the standard VMOH al

1. Calculate the standard VMOH allocated to production during the year and prepare journal entry:

VMOH Allocated: \$_____________________

1. Calculate the standard FMOH allocated to production during the year and prepare journal entry:

FMOH Allocated \$_______________________

MOH VARIANCES (indicate whether favorable (F) or unfavorable (U):

5A.       Calculate the total VMOH variance:

Total VMOH VAR. \$__________

5B.        Calculate the VMOH spending (price) variance:

VMOH Spending Var.: \$_____________U    F

5C.        Calculate the VMOH efficiency (quantity) variance:

VMOH Efficiency Var.: \$____________U    F

6A        Calculate the total FMOH variance:

Total FMOH VAR. \$________

6B        Calculate FMOH Spending variance:

FMOH Spending Var.: \$____________U    F

6C        Calculate FMOH Volume variance:

FMOH Volume Var.: \$_____________U    F

STANDARD COST SYSTEM – MOH VARIANCES (must show calculations)

Company budgeted production level in units is 60,000 units of output with a budgeted fixed cost of \$480,000 and budgeted variable cost of \$348,000.  Each unit requires 2 hours of direct labor. (Use T accounts to help yourself)

Actual results:

Production: 58,500 units

Direct labor hours used:  128,700

Total actual MOH costs incurred:  \$819,228

Total actual FIXED MOH costs incurred:  \$480,643

1. Calculate the standard (budgeted) VMOH cost per unit and per hour:

VMOH per unit: \$__________________

VMOH per hour: \$_________________

1. Calculate the standard (budgeted) FMOH cost per unit and per hour:

FMOH per unit: \$___________________

FMOH per hour: \$___________________

1. Calculate the standard VMOH allocated to production during the year and prepare journal entry:

VMOH Allocated: \$_____________________

1. Calculate the standard FMOH allocated to production during the year and prepare journal entry:

FMOH Allocated \$_______________________

MOH VARIANCES (indicate whether favorable (F) or unfavorable (U):

5A.       Calculate the total VMOH variance:

Total VMOH VAR. \$__________

5B.        Calculate the VMOH spending (price) variance:

VMOH Spending Var.: \$_____________U    F

5C.        Calculate the VMOH efficiency (quantity) variance:

VMOH Efficiency Var.: \$____________U    F

6A        Calculate the total FMOH variance:

Total FMOH VAR. \$________

6B        Calculate FMOH Spending variance:

FMOH Spending Var.: \$____________U    F

6C        Calculate FMOH Volume variance:

FMOH Volume Var.: \$_____________U    F

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