Pandom Inc. produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs
Question:
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 favourable and U for unfavourable.
Transcribed Image Text:
Variable Fixed $18,000 14,400 15,000 15,000 Actual costs incurred Costs allocated to products Flexible budget: Budgeted input allowed for $35,700 27,000 actual output produced X budgeted ratıe Actual input X budgeted rate 27,000 31,500 Variable Fixed 1. Rate variance Iciency variance 3. Production-volume variance 4. Flexible-budget variance 5. Underallocated (overallocated) manufacturing overhead
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
Variable Fixed 1 Rate variance 2 Efficiency variance 3 Productionvolume variance 4 Flexiblebu...View the full answer
Answered By
Shailender Anuragi
I am Pershing bsc final year. As a teacher i am working as a biology teacher since 2 years. My life's main motive is to provide education.
0.00
0 Reviews
10+ Question Solved
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133392883
6th Canadian edition
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
Question Posted:
Students also viewed these Managerial Accounting questions
-
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...
-
ProChem, Inc., produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August 2017: ___________________________________ Variable ___________...
-
Buzzsaw Manufacturing incurred $267 200 of manufacturing overhead costs during the past year. However, only $232 000 of overhead was applied to production. At the conclusion of the year, the...
-
An analyst expects that 20% of all publicly traded companies will experience a decline in earnings next year. The analyst has developed a ratio to help forecast this decline. If the company is headed...
-
In the situation of Exercise 9, suppose that a prior distribution is used for with p.d.f. () = 0.1 exp(0.1) for >0. (This is the exponential distribution with parameter 0.1.) a. Prove that the...
-
Journalize the entries to record the following selected transactions: a. Sold $3,400 of merchandise on account, subject to a sales tax of 5%. The cost of the merchandise sold was $2,000. b. Paid...
-
In alphabetical order below are current asset items for Ivy Company's balance sheet at December 31, 2002. Prepare the current assets section (including a complete heading). Accounts receivable...
-
Thomas Industries has the following patents on its December 31, 2014, balance sheet. The following events occurred during the year ended December 31, 2015. 1. Research and development costs of...
-
GROUP 1 GROUP 2 Mean 30 20 S 9 10 N 36 16 X 8 6 1. Is there any evidence of a difference in the average between the two groups? Ho. Decision _ Critical Value(s). Computed Value(s) Graph. 2. Is there...
-
The following events apply to Parker and Moates, a public accounting firm, for the Year 1 accounting period: 1. Performed $96,000 of services for clients on account. 2. Performed $65,000 of services...
-
Solutions Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overhead cost pools are allocated to each centrifuge using budgeted assembly hours. Budgeted assembly time is...
-
Lopez Company uses a standard cost system 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...
-
A car requires \(300 \mathrm{~kJ}\) of energy to overcome air resistance and maintain a constant speed of \(20 \mathrm{~m} / \mathrm{s}\) over a distance of \(1.0 \mathrm{~km}\). What is the force of...
-
How do probabilistic methods, such as Monte Carlo simulation and reliability-based design optimization (RBDO), assist engineers in quantifying and managing uncertainties associated with material...
-
What are the sociological theories that explain deviance, and how do these theories contribute to our understanding of social control mechanisms in maintaining societal order ?
-
Thomas's financial accounting records show Thomas's cash account with ending balance of $580. Thomas just received a bank statement from Wells Fargo, his bank, showing a $20 service chargeand an NSF...
-
Olympic Sports has two issues of debt outstanding. One is a 7% coupon bond with a face value of $30 million, a maturity of 15 years, and a yield to maturity of 8%. The coupons are paid annually. The...
-
How has rapid urbanization transformed social life and contributed to new forms of social organization? Discuss the impact of urbanization on community cohesion and social integration .
-
A three-phase, 460-V, 60-Hz induction motor with a -connected stator is designed to have the magnetic flux density in the core at the saturation limit of 1.6 T. If this machine is connected to 50-Hz...
-
List four items of financial information you consider to be important to a manager of a business that has been operating for a year.
-
Obtain an approximation to the forced response of period \(2 \pi\) for the equation \[ x^{\prime \prime}+\frac{1}{4} x+0.1 x^{3}=\cos \tau \]
-
A customer-profitability profile highlights those customers who should be dropped to improve profitability. Do you agree? Explain.
-
Give examples of three different levels of costs in a customer-cost hierarchy.
-
Give examples of three different levels of costs in a customer-cost hierarchy.
-
An advantage of using a cold site as a recovery option is less expensive recovery option. Question 9 options: True False
-
Mortgage interest credit can be claimed if the taxpayer Question 108Select one: a. Receives a monthly mortgage statement b. Rehabilitates a home c. Is issued a mortgage credit certificate (MCC) under...
-
Goods which are not interchangeable Choose your answer here be assigned costs using the specific identification method
Study smarter with the SolutionInn App