{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T03:09:57-04:00", "answer_date": "2024-05-27 03:09:57", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1774741", "url": "\/study-help\/questions\/2-55-points-you-have-just-been-hired-by-fab-1774741", "question_creation_date_js": "2024-05-27T03:09:57-04:00", "question_creation_date": "May 27, 2024 03:09 AM", "meta_title": "[Solved] 2 5.5 points You have just been hired by | SolutionInn", "meta_description": "Answer of - 2 5.5 points You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening | SolutionInn", "meta_keywords": "2,5.5,points,hired,fab,corporation,manufacturer,revolutionary,new,garage,door,opening", "question_title_h1": " 2 5.5 points You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president has", "question_title": " 2 5.5 points You have just been hired by FAB Corporation,", "question_title_for_js_snippet": "2 5 5 points You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device The president has asked that you review the company's costing system and do what you can to help us get better control of our manufacturing overhead costs You find that the company has never used a flexible budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and control After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March Utilities Maintenance Supplies Indirect labor Depreciation Cost Formula $16,100 $0 17 per machine hour $38,700 $1 80 per machine hour $0 80 per machine hour $94,500 $1 60 per machine hour $68,100 Actual Cost in March $ 20,960 $ 64,900 $ 14,200 $ 124,200 $ 69,800 During March, the company worked 16,000 machine hours and produced 10,000 units The company had originally planned to work 18,000 machine hours during March Required 1 Calculate the activity variances for March 2 Calculate the spending variances for March Answer is not complete Complete this question by entering your answers in the tabs below Required 1 Required 2 Calculate the activity variances for March Note Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i e , zero variance) Input all amounts as positive values ", "question_description": "\"image", "transcribed_text": "2 5.5 points You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company's costing system and \"do what you can to help us get better control of our manufacturing overhead costs.\" You find that the company has never used a flexible budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and control. After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March: Utilities Maintenance Supplies Indirect labor Depreciation Cost Formula $16,100 + $0.17 per machine-hour $38,700 + $1.80 per machine-hour $0.80 per machine-hour $94,500 + $1.60 per machine-hour $68,100 Actual Cost in March $ 20,960 $ 64,900 $ 14,200 $ 124,200 $ 69,800 During March, the company worked 16,000 machine-hours and produced 10,000 units. The company had originally planned to work 18,000 machine-hours during March. Required: 1. Calculate the activity variances for March. 2. Calculate the spending variances for March. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the activity variances for March. Note: Indicate the effect of each variance by selecting \"F\" for favorable, \"U\" for unfavorable, and \"None\" for no effect (i.e., zero variance). Input all amounts as positive values.", "related_book": { "title": "Accounting Principles", "isbn": "978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475", "edition": "9th Edition", "authors": "Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/47.jpg", "uri": "\/textbooks\/accounting-principles-9th-edition-47", "see_more_uri": "" }, "free_related_book": { "isbn": "B08QFSMJ3V", "uri": "\/textbooks\/sonpaolu-agility-ladder-and-speed-cones-training-set-for-speed-agility-training-and-quick-footwork-exercise-includes-agility-ladder-with-carrying-bag-4-pegs-resistance-parachute-and-8-sports-cones-b08qfsmj3v-146773", "name": "Sonpaolu Agility Ladder And Speed Cones Training Set For Speed Agility Training And Quick Footwork Exercise Includes Agility Ladder With Carrying Bag 4 Pegs Resistance Parachute And 8 Sports Cones", "edition": "" }, "question_posted": "2024-05-27 03:09:57", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/what-does-this-code-print-unless-it-produces-an-error-712390", "description": "What does this code print (unless it produces an error)? = plane \"A passengers\" plane [2] = \"m\" print (plane)", "stars": 0 }, { "url": "\/the-edmonton-oilers-canada-of-the-national-hockey-league-are", "description": "The Edmonton Oilers (Canada) of the National Hockey League are two-time defending Stanley Cup champions. 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Calculate the area of the larger piston using...", "stars": 3 }, { "url": "\/study-help\/questions\/what-quality-related-management-issues-have-to-be-in-place-1007970", "description": "What quality related management issues have to be in place in order to support a successful IT integration of e - commerce technology ?", "stars": 3 }, { "url": "\/study-help\/questions\/last-month-startup-manufacturing-sold-5-5-cars-of-type-1007521", "description": "Last month, Startup Manufacturing sold 5 5 cars of Type X for a price of $ 2 5 , 0 0 0 each, 3 0 cars of Type Y for a price of $ 3 5 , 0 0 0 each, and 1 2 cars of Type Z for a price of $ 5 0 , 0 0 0...", "stars": 3 }, { "url": "\/study-help\/questions\/problem-5-let-e-f-g-be-events-in-a-1007343", "description": "Problem 5. 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