The actual and standard factory overhead costs for producing a specified quantity of product are as follows:

Question:

The actual and standard factory overhead costs for producing a specified quantity of product are as follows: image text in transcribed

If 1,000 hours were unused, the fixed factory overhead volume variance would be:

a. $1,500 favorable.

b. $2,000 unfavorable.

c. $4,000 unfavorable.

d. $6,000 unfavorable.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial And Managerial Accounting

ISBN: 9781337902663

15th Edition

Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler

See More Books

Question Posted: Feb 07, 2024 06:31 AM

See More Questions

Blue Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Price/Cost Date 1/1 2/4 2/20 4/2 11/4 Transaction Beginning inventory Purchase Sale...
Use the following tree diagram to answer the questions in Problems 25-30. Which path number represents $P\left(\bar{D} \mid A_{3}ight)$ ? A A2 A3 D D D D D D Path number 1 2 3 4 5 6
Use the following tree diagram to answer the questions in Problems 25-30. Which path number represents $P\left(D \mid A_{2}ight)$ ? A A2 A3 D D D D D D Path number 1 2 3 4 5 6
Two ball bearings from different manufacturers are being considered for a certain application. Bearing A has a catalog rating of 2.0 kN based on a catalog rating system of 3 000 hours at 500 rev/min....
In 1996, it was determined that the absolute configuration of (+)-bromochlorofluoromethane is R. Which of the following is (are) (+)-BrClFCH?
Critics of rating agencies argue that because the firm pays rating agencies to rate the firms debt, the rating agencies have the wrong incentives. What do you think of this argument? Can you think of...
If the actual demand for April was 1440 units and the seasonal index was 2.5, what would be the deseasonalized April demand? LO.1
Using Bayes decision rule, consider the decision analysis problem having the following payoff table (in units of thousands of dollars): (a) Which alternative should be chosen? What is the resulting...
Which of the following statements is correct? A. The value of a call increases as the price of the underlying stock decreases. B. The value of a call increases as the exercise price increases. C. The...
The total estimated sales for the coming year is 250,000 units. The estimated inventory at the beginning of the year is 22,500 units, and the desired inventory at the end of the year is 30,000 units....
Static budgets are often used by: a. production departments. b. administrative departments. c. responsibility centers. d. capital projects.
Encode the file by adding 5 to every byte in the file. Write a program that prompts the user to enter an input file name and an output file name and saves the encrypted version of the input file to...
When a supersonic airflow, $M=1.8$, passes through a normal shockwave under sea level conditions, what are the values of the stagnation pressure before and after the normal shockwave?
Eastern University, located in central Canada, prides itself on providing faculty and staff with a competitive compensation package. One aspect of this package is a tuition benefit of $$4,000$ per...
What is the formula for calculating return on investment (ROI)?
Air enters a 5.5-cm-diameter adiabatic duct with inlet conditions of $\mathrm{Ma}_{1}=2.2, T_{1}=250 \mathrm{~K}$, and $P_{1}=60 \mathrm{kPa}$, and exits at a Mach number of...
At the various activity levels shown, Taylor Company incurred the following costs. Required: Identify each of these costs as fixed, variable, or mixed. Units sold 20 40 60 80 100 a. Total salary cost...
Suppose f C[a, b], that x1 and x2 are in [a, b]. a. Show that a number exists between x1 and x2 with b. Suppose that c1 and c2 are positive constants. Show that a number exists between x1 and x2...
The slopes of the tangents at the points where the curve y = x2 - 4x intersects the X-axis is 1) 1 2) +2 3) +3 4) +4
Judy Flint owns and operates Derby Advertising Services. On January 1, 2011, Retained Earnings had a balance of $290,000. During the year, Judy invested an additional $100,000 in exchange for capital...
Mavis Curry owns and operates AZZ Delivery Services. On January 1, 2011, Retained Earnings had a balance of $600,000, during the year, Mavis made no additional investments and $45,000 of dividends...
The following accounts appear in an adjusted trial balance of Pilot Consulting. Indicate whether each account would be reported in the (a) Current asset: (b) Property, plant, and equipment; (c)...
What is the Macaulay duration of a bond with a coupon of 6.6 percent, seven years to maturity, and a current price of $1,069.40? What is the modified duration? (Do not round intermediate...
"Tell me something you know today that you did not know yesterday" about 3D Animation Justify by citing 2 or more resources from this course.
Warrants exercisable at $20 each to obtain 50,000 shares of common stock were outstanding during a period when the average market price of the common stock was $25. Application of the treasury stock...

The actual and standard factory overhead costs for producing a specified quantity of product are as follows:

Question:

Actual: Variable factory overhead Fixed factory overhead Standard: 19,000 hrs. at $6 ($4 variable and $2 fixed) $72,500 40,000 $112,500 114,000

Step by Step Answer:

b The unfavorable factory overhead volume v...View the full answer

Financial And Managerial Accounting

Students also viewed these Business questions