Actual variable overhead Budgeted variable overhead S12,000 Budgeted production Actual production Actual hours Standard time for...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Actual variable overhead Budgeted variable overhead S12,000 Budgeted production Actual production Actual hours Standard time for 1 unit S10,000 500 units 450 units 200 30 minutes Among the given options, determine variable overhead efficiency variance. a. $1,200 favorable. b. $1,200 unfavorable c. $1,250 favorable d. $2,400 favorable Actual variable overhead Budgeted variable overhead S12,000 Budgeted production Actual production Actual hours Standard time for 1 unit S10,000 500 units 450 units 200 30 minutes Among the given options, determine variable overhead efficiency variance. a. $1,200 favorable. b. $1,200 unfavorable c. $1,250 favorable d. $2,400 favorable
Expert Answer:
Answer rating: 100% (QA)
Standard overhead rate per hour 1200005500 48 units per hour estimated pr... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
The efficiency variance measures the difference between the overhead applied standard hours at the standard rate and the actual hours worked times the standard rate It shows the effect on fixed and...
-
Standard machine hours budgeted by Trace Company for December production were 2,500. Factory overhead at that level was budgeted at $15,000, of which $5,000 is variable. Actual machine hours for the...
-
If a factory has $12,000,000 in sales, profits of 9% of sales, and a contribution margin of 30 percent, what are its total fixed costs?
-
Capulet Company establishes a stock-appreciation rights program that entitles its new president Ben Davis to receive cash for the difference between the market price of the stock and a...
-
What is Schedule L, and what is its purpose?
-
According to an article in the New York Times, millions of amateur investors continue to actively buy and sell securities regularly. a. Why might buying and selling securities regularly not be a good...
-
\(17 \times\left(\frac{1}{17} ight)=1\) Identify the property of real numbers that is being illustrated.
-
Myers & Associates reports the following information on its December 31, 2009, balance sheet: Trading securities (at cost) . . . . . . . . . . . . . . . . . . . . . . . . . $225,850 Less: Market...
-
plshelp me on 10-9-10-10 10-9 The following information relates to the Cash account in the ledger of Dick Wasson Company: Balance September \( 1-\$ 17,150 \); Cash deposited \( -\$ 64,000 \) Balance...
-
B52 Skate Training prepares adjustments annually and showed the following on its June 30, 2020, year-end: Additional information available at year-end: a. The Prepaid Arena Rental of $182,000 was...
-
Binomial Distribution: A company is testing a new marketing strategy for their product. They found that the probability of a customer making a purchase after seeing the advertisement is 0.3. The...
-
The half-life of cesium-137 is 30 years. Suppose we have a 130 mg sample. (a) Find the mass (in mg) that remains after t years. y(t) = mg (b) How much of the sample (in mg) remains after 130 years?...
-
What would you be willing to pay for yearend annuity payments of $50,000 for the next 5 years, if you can earn 12% return on your investment?
-
BioCom was founded in 1993, when several scientists and engineers at a large fiber-optic-cable company began to see that optical fiber for the telecommunications industry was becoming a cheap...
-
Now that Barbara has an understanding of the factors that influence clinic performance, it is time to set priorities and develop a preliminary strategy. A clear strategy helps to focus energy and...
-
Evaluate the integral. (Remember to use absolute values where appropriate. Use C for the constant of integration.) 81+x2 x dx
-
o iii.Areas of concern in cash flow management, focussing mainly on information available from the cash flow statement. (16 marks) 3. Assess the value of Aunt Sophie's recent concern that taking on...
-
Use critical values to test the null hypothesis H0: 1 2 = 20 versus the alternative hypothesis H0: 1 2 20 by setting a equal to .10, .05, .01, and .001. How much evidence is there that the...
-
Amalgamated Machining is a sheet-metal fabricator. The company's total factory overhead costs are a linear function of machine usage. The company's theoretical capacity is 25,000 machine hours (MH)...
-
How can labor efficiency be determined or measured?
-
Explain how standards relate to job order and process cost accumulation.
-
Phelps Company reported the following amounts this past year. - Revenues, \(\$ 50,000\). - Expenses, \(\$ 30,000\). - Realized loss on sale of AFS debt investments, \(\$ 5,000\). - Reclassification...
-
An investor purchased 100 shares of Mallard common stock at \(\$ 20\) per share on March 15, 2020. On December 31, 2020, the stock was quoted at \(\$ 19\) per share and declared and paid a dividend...
-
On January 1, 2020, Hockey Unlimited Inc. purchased 2,500 of the 10,000 outstanding common shares of Goal Corporation for \(\$ 14,000\) cash obtaining significant influence of the company. Hockey...
Study smarter with the SolutionInn App