4-variance analysis, fill in the blanks. Pandom, Inc. produces chemicals for large biotech companies. It has the
Question:
4-variance analysis, fill in the blanks. Pandom, Inc. produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August 2010:
Use F for favorable and U for unfavorable:
Transcribed Image Text:
Variable Fixed Actual costs incurred Costs allocated to products Flexible budget: Budgeted input allowed for actual output produced x budgeted rate Actual input x budgeted rate $35,700 27,000 $18,000 14,400 15,000 15,000 27,000 31,500
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
4variance analysis fill in the blanks Workings Spending Variance Calculated by taking the difference ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0136126638
13th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
Question Posted:
Students also viewed these Cost Accounting questions
-
Pandom Inc. produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August 2013: REQUIRED Fill in the variances in the table below. Use F for...
-
Rozema, Inc., produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August 2013: Use F for favorable and U forunfavorable: Fixed $18,000...
-
Pandom Inc. produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August 2015: VariableFixed Actual costs...
-
Pristine Thread Co. encountered a fire on March 12 where some of the inventory was destroyed. A physical count of inventory after the fire shows $56,000 still on hand. The company also had beginning...
-
How does a high-pitch musical note relate to frequency?
-
Lucia and Olga have decided to buy some commercial real estate through a corporation. The corporation will buy commercial properties, earn money from rent paid by tenants to cover the operating...
-
List steps HR can take to support virtual work.(pp. 382385)
-
Refer to the following financial statements for Crosby Corporation: Sales.......................................................................................... $2,200,000 Cost of goods...
-
nCYH GU HIITGLIVE SB Exercise 4B-3 through Exercise 4B-4 (Algo) The Ferre Publishing Company has three service departments and two operating departments. Selected data from a recent period on the...
-
Conduct a Pareto analysis for the number of minutes that flights are late in the accompanying data. Interpret the results. E Click the icon to view the Atlanta Airline Data. Conduct a Pareto analysis...
-
Manufacturing overhead, variance analysis The Solutions Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overheads are allocated to each centrifuge using budgeted...
-
The Lopez Company uses standard costing in its manufacturing plant for auto parts. The standard cost of a particular auto part, based on a denominator level of 4,000 output units per year, included 6...
-
A cylinder/piston contains water at 200 kPa, 200C with a volume of 20 L. The piston is moved slowly, compressing the water to a pressure of 800 kPa. The loading on the piston is such that the...
-
St. Cecilia's Health System's current culture may be defined by a blend of historical ideals and problems. Given its history of primarily caring for women and children, it is likely to place a...
-
For this assignment, imagine we are the supervisor of case managers who come to us for support and guidance. You have noticed a theme of questions that are frequently asked, which mostly surround...
-
Audio Partners needs to invest in the next level of technology in order to be competitive. The company is exploring the purchase of a new piece of equipment that will cost $1,500,000, at an expected...
-
Choose a real company of their choosing and will focus on ways to help increase the company's digital consumer engagements. For example, how can the company better drive increased revenue, sales,...
-
Four morally and ethically relevant principles have been examined regarding scarcity and include: Treating people with consistency through the use of a lottery or first-come first-served basis...
-
1. At the top of a new spreadsheet, create an Original Data section for the data provided for Home Cooking, with rows labelled Output Units (number of deliveries), Hours of Delivery Time, Hours per...
-
If a process has a six-sigma capability, what is the process capability index? a. 1 b. 2 c. 6 d. 12
-
Pick the optical isomer of the complex ion represented here: en -+- Ru --+-- Hi.. Len ity. en 2+
-
High correlation between two variables means that one is the cause and the other is the effect. Do you agree? Explain.
-
Name four approaches to estimating a cost function.
-
Name four approaches to estimating a cost function.
-
Question 3 (24 marks) Wonderful Technology Company Limited sells computers and accessories. Data of the store's operations are as follow: Sales are budgeted at $400,000 for December 2019, $420,000...
-
Kratz Manufacturing Company uses an activity-based costing system. It has the following manufacturing activity areas, related cost drivers and cost allocation rates: Activity Cost Driver Cost...
-
You are a Partner with Fix-It Consultants and have been engaged in an advisory capacity with a software company, called MoveFast. The company is seeing a sharp decline in revenue, with the primary...
Study smarter with the SolutionInn App