Calculating the Total Overhead Variance Standish Company manufactures consumer products and provided the following information for the
Question:
Units produced.....................131,000
Standard direct labor hours per unit...............0.20
Standard variable overhead rate (per direct labor hour)......$3.40
Actual variable overhead costs.................$88,670
Actual hours worked....................26,350
Required:
1. Calculate the total variable overhead variance.
2. What if actual production had been 129,600 units? How would that affect the total variable overhead variance?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (17 reviews)
1 Total variable ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
Question Posted:
Students also viewed these Managerial Accounting questions
-
Calculating the Variable Overhead Spending and Efficiency Variances Refer to Cornerstone Exercise 9.6. Required: 1. Calculate the variable overhead spending variance using the formula approach. (If...
-
Xenold, Inc., manufactures and sells cooktops and ovens through three divisions: Home, Restaurant, and Specialty. Each division is evaluated as a prot center. Data for each division for last year are...
-
SkyBound Airlines provided the following information about its two operating divisions: Measuring performance using return on investment (ROI), which division performed better? a. The Cargo division,...
-
Accurate Job Costing must be done on three levels. Which of the following is not one of these levels? Tracking and controlling costs during jobs Tracking gross profit each month Filing records on...
-
What must a receiver do when entering into the communication process?
-
The top management of Pratt Marketing Services examines the following company accounting records at August 29, immediately before the end of the year, August 31: Total current assets...
-
Compare and contrast the following techniques based on costs and benefits: test data method base case system evaluation tracing integrated test facility parallel simulation
-
Coakwell Company worked on only two jobs during May. Information on the jobs is given below: At the beginning of the year, annual manufacturing overhead (MOH) was budgeted at $3,780,000 and Coakwell...
-
QUESTION 85 Which one of the following income or expense items is included in the calculation of partnership ordinary income? Dividend income Rental income from real estate Charitable contributions...
-
Solve the following modifications of the capital budgeting model in Figure 6.5. (Solve each part independently of the others.) a. Suppose that at most two of projects 3, 5, and 6 can be selected. b....
-
Closing the Balances in the Variance Accounts at the End of the Year Yohan Company has the following balances in its direct materials and direct labor variance accounts at year-end: Unadjusted Cost...
-
Calculating the Fixed Overhead Spending and Volume Variances Standish Company manufactures consumer products and provided the following information for the month of February: Units...
-
The arm ABC rotates with an angular velocity of 4 rad/s counterclockwise. Knowing that the angular velocity of the intermediate gear B is 8 rad/s counterclockwise, determine(a) The instantaneous...
-
Based on the embedded chart in cells D92:J106, what is the relationship between equity value and sales growth? 144 Chapter 5 This model implies that depreciation equals capital expenditure. This can...
-
If a plea bargain is rejected, the case proceeds to the trial phase. At the trial phase, all the following can occur except: A. The defendant can be found guilty on all charges. B. Another plea...
-
What is the sole purpose test for superannuation funds? In addition, examine Section 62 of the Superannuation Industry (Supervision) Act 1993. What restrictions are there on a superannuation fund...
-
A plain error in a case is one that effects substantial rights of a Defendant and is appealable even if the objection isn't raised at trial. Question: What would be some examples of "plain error"...
-
The hospitality industry cannot quickly add a room to a lodge. Instead, lodge managers use yield management, which varies a parameter directly under the managers control. Which parameter is changed...
-
A wine-dispensing system uses argon canisters to pressurize and preserve wine in the bottle. An argon canister for the system has a volume of 55.0 mL and contains 26.0 g of argon. Assuming ideal gas...
-
What did Lennox gain by integrating their WMS, TMS, and labor management systems?
-
The efficiency ratio measures the relation between outputs from and inputs to a process. According to the WBCSD, a company wanting to become eco-efficient should strive to: 1.Reduce the material...
-
The controller of Willson Company has computed quality costs as a percentage of sales for the past five years (2009 was the first year the company implemented a quality improvement program). This...
-
Davis, Inc., had the following quality costs for the years ended December 31, 2012 and 2013: At the end of 2012, management decided to increase its investment in control costs by 50 percent for each...
-
At the end of 2013, Bing Pharmaceuticals began to implement an environmental quality management program. As a first step, it identified the following costs in its accounting records as...
-
Acaba de contratar a un nuevo cliente que lleva ms de un ao en el negocio y que ha estado utilizando Excel para hacer un seguimiento de su actividad empresarial mensual. Qu 2 funciones de QuickBooks...
-
Barrhaven-brew, a local Ottawa micro-brewery, recently merged with a bottle making plant in New York to complement its Barrhaven brewing facilities. Barrhaven-brew has two divisions: Bottle Making...
-
De qu dos formas puedes crear una plantilla personalizada para un proyecto? Duplicar una plantilla de QuickStart Importar una plantilla Descargar proyectos desde la pestaa de proyectos compartidos...
Study smarter with the SolutionInn App