Fixed overhead for the month of October has been budgeted at ( 16,000) with an expectation of
Question:
Fixed overhead for the month of October has been budgeted at \(£ 16,000\) with an expectation of 8,000 units of production. The actual fixed overhead cost is \(£ 17,500\) and the actual production is 7,000 units. What is the variance?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
A variance is a statistical measurement that shows how data points in a certain set differ which can ...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Financial And Management Accounting An Introduction
ISBN: 9780273789215
6th Edition
Authors: Prof Pauline Weetman
Question Posted:
Students also viewed these Business questions
-
2. Using the relevant information below: Gross Domestic Product (GDP) gross domestic product = consumption + investment + government purchases + net exports GDP=C+I+G+ (X-M), calculate GDP using the...
-
The accountant of Minerva Ltd, a small company manufacturing only one product, wishes to decide how to present the company's monthly management accounts. To date, only actual information has been...
-
Hernando de Soto makes two claims: Capital, like energy, is . . . a dormant value. What creates capital in the West . . . is an implicit process buried in the intricacies of its formal property...
-
What is the benefit to a company from a securities underwriter? They study the market and advise companies on where to set their IPO share price. They help companies to reduce the risk associated...
-
A Ballistic Pendulum a 12.0-g ride bullet is fired with a speed of 380 m/s into a ballistic pendulum with mass 6.00 kg, suspended from a cord 70.0 cm long (see Example 8.8 in Section 8.3). Compute...
-
The Bakery Department of Culbert Dessert Corporation has submitted the following forecast of fruit pies to be produced by quarter for the upcoming fiscal year. Units to be produced First Second Third...
-
Gross Profit Percentage Calculate the company's 2019 gross profit percentage and compare the L04 result to the industry average. Use the following financial data for Brenner Instruments Sales...
-
During the year the Hopewell and Hamilton divisions of Granger Company reported the following: 1. What was each division's asset turnover ratio? 2. What profit margin ratio would each division need...
-
Journalizing And Posting Payroll Entries Cascade Company has four employees. All are paid on a monthly basis. The fiscal year of the business is June 1 to May 31. The accounts kept by Cascade include...
-
A college chemistry instructor thinks the use of embedded tutors will improve the success rate in introductory chemistry courses. The passing rate for introductory chemistry is 62%. During one...
-
Define 'feedback control'.
-
The standard cost of direct labour in the month of August is \( 36,000\). There is a direct labour rate variance of \( 6,000\) adverse and a direct labour efficiency variance of \( 2,500\)...
-
Workers are to install a hatch (door) near the bottom of an empty storage tank. In choosing how strong to make the hatch, does it matter how tall the tank is? How wide it is? Whether it is going to...
-
What is the significance of a statechart diagram?
-
Describe the differences between black box and white box component modeling.
-
Compare the objectives of a product to its features.
-
Compare and contrast components to objects.
-
What is the role of domain analysis in designing a product?
-
For a random sample of 36 items and a sample mean of 211, compute a 95% confidence interval for if the population standard deviation is 23. Round the answers to 2 decimal places.
-
Refer to Example 9.15. Add the following functionality to this program: Allow the user to enter the cost of a gallon of gas on each trip and use a function, Cost() to calculate the cost of purchasing...
-
John Timms is the sole owner of Sunshine Wholesale Traders, a company which buys fruit from farmers and sells it to supermarkets. All goods are collected from farms and delivered to supermarkets on...
-
Shareholders' funds as at 17 March 2012 were \( 5,629\) million (19 March 2011: \( 5,424\) million), an increase of \( 205\) million. This is mainly attributable to the continued profitable growth of...
-
The following information has been gathered from the accounting records of Pets Parlour: Required Using the accounting equation, calculate: (a) The amount of ownership interest at 31 December Year 4....
-
I really need help with this question. The table in the second photo is what needs to be used to answer the question. The question is should Alex rent or buy, but in order to figure that out the...
-
A7. Assume that you have a sample of n1=9, with the sample mean x1=43 , and a sample standard deviation of S1=4 and you have an independent sample of n2=12 from another population with a sample mean...
-
A Town Council has decided to build a new community center to be used for conventions, concerts, and other public events, but considerable controversy surrounds the appropriate size. Many influential...
Study smarter with the SolutionInn App