1. Samsung manufactures headphones. In February, Samsung produced 3,200 sets of headphones, but had budgeted production...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
1. Samsung manufactures headphones. In February, Samsung produced 3,200 sets of headphones, but had budgeted production at 3,500 set of headphones. The allocation base for overhead costs is direct labor hours. The following additional data is available for the month: Variable overhead cost standard Direct labor efficiency standard Actual amount of direct labor hours Actual cost of variable overhead Fixed overhead cost standard Budgeted fixed overhead Actual cost of fixed overhead S5 per DLH 4.00 DLH per jean 4,500 DLHr S3.000 $3.00 per DLHr S2.500 $2,700 (a) Compute the variable overhead efficiency variance. (round the answer to the nearest dollar) 2 Points (b) Compute the fixed overhead volume variance. (round the answer to the nearest dollar) 2 Points 1. Samsung manufactures headphones. In February, Samsung produced 3,200 sets of headphones, but had budgeted production at 3,500 set of headphones. The allocation base for overhead costs is direct labor hours. The following additional data is available for the month: Variable overhead cost standard Direct labor efficiency standard Actual amount of direct labor hours Actual cost of variable overhead Fixed overhead cost standard Budgeted fixed overhead Actual cost of fixed overhead S5 per DLH 4.00 DLH per jean 4,500 DLHr S3.000 $3.00 per DLHr S2.500 $2,700 (a) Compute the variable overhead efficiency variance. (round the answer to the nearest dollar) 2 Points (b) Compute the fixed overhead volume variance. (round the answer to the nearest dollar) 2 Points
Expert Answer:
Answer rating: 100% (QA)
Answer a Variable overhead effeiciency variance Actual DL hours Std DL hours Std rate Actual ... View the full answer
Related Book For
Accounting Texts and Cases
ISBN: 978-1259097126
13th edition
Authors: Robert Anthony, David Hawkins, Kenneth Merchant
Posted Date:
Students also viewed these accounting questions
-
Delta Company's flexible budget formula for overhead costs is $100,000 per month fixed costs plus $26.00 per unit variable costs. Standard volume is 5,000 units a month. Actual overhead costs for...
-
Change the number to a percent. Round your answer to the nearest tenth of a percent. 7/20
-
Change the number to a percent. Round your answer to the nearest tenth of a percent. 7/12
-
In Exercises evaluate the second derivative of the function at the given point. Use a computer algebra system to verify your result. (x) = cos x, (0, 1)
-
The Eminem ad for Chrysler that ran during the Super Bowl in February 2011 was rated as one of the best ads for the game. In May 2011, Audi ran an ad at a German auto show that had the feel of the...
-
Refer to the High School Female Athlete and Male Athlete Strength data files on the text CD. a. Find the correlation between number of 60-pound bench presses before fatigue and bench press maximum...
-
In early 2006, Merck AG, a global pharmaceutical company, saw its share price decline dramatically after a jury in the United States found the company guilty of failing to warn consumers about safety...
-
Journalize the transactions of Ward Technology Solutions. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Advertising;...
-
2. One of BAC Commercial's cheques is dishonoured at the bank. Find the dishonoured payment in the bank statement transaction listing. Record the dishonoured cheque in the ledger in both the landlord...
-
Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, 2014, were as follows: a. Issued 15,000 shares of $20 par common stock at $30, receiving cash. b....
-
Problem 3 Use ggplot to create the data visualization below. Please use color = '#006633' within your geom function to match the points below. Provide one insight from the data visualization. ##...
-
Utilization review (UR) is a process through which a third-party payer assesses the medical necessity of a course of treatment. Prospective review is the determination of whether to pay for a...
-
Your client is the Mission Mountain Shopping Center Inc., a shopping center with 30 store tenants. All leases with the store tenants provide for a fixed rent plus a percentage of sales, net of sales...
-
Insurance is a contract in which the company providing the insurance agrees to assume some of the risks of the insured party for consideration or the payment of a premium. The three primary...
-
What are the equations for the consumption, net exports, and aggregate expenditures functions? Use the information in the following table Y C G X $100 $120 $20 $30 $10 $300 $300 $20 $30 -$10 $500...
-
Occurrence policies cover all accidents during a policy year, regardless of when they are reported, whereas claims-made policies cover claims made or reported during the policy year, no matter when...
-
When the Sampsons purchased a home, they obtained a thirty-year mortgage with a fixed interest rate of 6%. Their monthly mortgage payment (excluding property taxes and insurance) is about $780 per...
-
Without solving, determine the character of the solutions of each equation in the complex number system. 3x 2 3x + 4 = 0
-
Tran Company makes two radio models, Y and Z. They are both manufactured totally in two departments: A, which has a total capacity of 240 labor-hours per week; and B, which has a capacity of 480...
-
Rock Creek Golf Club (RCGC) was a public golf course, owned by a private corporation. In January the club's manager, Lee Jeffries, was faced with a decision involving replacement of the club's fleet...
-
In October 1998, Anton van Leuven, managing director of Axeon N. V, a large Dutch chemical company, was faced with a difficult decision. Ian Wallingford, managing director of Axeon's British...
-
What is the formula for calculating the factory overhead applied rate?
-
Why are unit costs kept separate on the finished goods ledger card?
-
What is the name of the form used to authorize a seller to deliver goods with payment to be made later?
Study smarter with the SolutionInn App