Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

$14,000 F $14,000 U. $12,800 F. $12,800 U. QUESTION 9 The Littlefield Company applies manufacturing overhead costs to products on the basis of direct labor-

image text in transcribed
image text in transcribed
$14,000 F $14,000 U. $12,800 F. $12,800 U. QUESTION 9 The Littlefield Company applies manufacturing overhead costs to products on the basis of direct labor- hours. The standard cost card shows that 12 direct labor-hours are required per unit of product. For August, the company budgeted to work 360,000 direct labor-hours and to incur the following total manufacturing overhead costs: Total fixed overhead costs $475,200 Total variable overhead costs $396,000 During August, the company completed 28,000 units of product, worked 344,000 direct labor-hours, and incurred the following total manufacturing overhead costs: Total fixed overhead costs $461,200 Total variable overhead costs $395,600 The denominator activity in the predetermined overhead rate is 360,000 direct labor hours. (Note that this is the same data that was provided for the previous question.) The fixed overhead volume variance for August is: $17,200 U. $19,920 F. $19.920 U. $31,680 U. QUESTION 10 Which of the following variances is caused by a difference between the denominator activity in the predetermined overhead rate and the standard hours allowed for the actual production of the period? fixed overhead budget variance. Click Save and Submit to save and submit. Click Save All Answers to save all ansuers. Save All Answers MacBook Air COTOVELTICOU USE OCCUrum UTC TICATUTE DUKE aru u TCU CI 13 TIRCU. YOU WOUTUE UTE 24,000 units were produced and sold? $384,000 $400,000 $424,000 $464,000 QUESTION 6 O direct labor.bs are required perle basis of dire The Littlefield Company applies manufacturing overhead costs to products on the basis of direct labo hours. The standard cost card shows that 12 direct labor-hours are required per unit of product. For August, the company budgeted to work 360,000 direct labor-hours and to incur the following total manufacturing overhead costs: Total fixed overhead costs $475,200 Total variable overhead costs $396,000 During August, the company completed 28,000 units of product, worked 344,000 direct labor-hours, and incurred the following total manufacturing overhead costs: Total fixed overhead costs $461,200 Total variable overhead costs $395,600 The denominator activity in the predetermined overhead rate is 360,000 direct labor-hours. The variable overhead spending variance for August is: $17,200 F. $17,200 u. $26,000 F. $26,000 U. QUESTION 7 The Littlefield Company applies manufacturing overhead costs to products on the basis of direct labor- hours. The standard cost card shows that 12 direct labor-hours are required per unit of product. For Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Ans MacBook Air

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

List and define the common forms of property ownership.

Answered: 1 week ago

Question

Compare levels of resolution in conflict outcomes?

Answered: 1 week ago

Question

Strategies for Managing Conflict Conflict Outcomes?

Answered: 1 week ago