Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 28, 2024

If variable manufacturing overhead is applied on the basis of direct labor-hours and the variable overhead spending variance is favorable, then: Group of answer choices

If variable manufacturing overhead is applied on the basis of direct labor-hours and the variable overhead spending variance is favorable, then:

Group of answer choices the actual direct labor-hours exceeded the standard direct labor-hours allowed for the actual output.

the standard direct labor-hours allowed for the actual output exceeded the actual hours.

the actual variable overhead rate exceeded the standard rate.

the standard variable overhead rate exceeded the actual rate.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

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

Step: 2

Step: 3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

13th Edition

8120335643, 136126634, 978-0136126638

Students also viewed these Accounting questions

Question

★★★★★

Explain the relationship between each number in a primal and corresponding numbers in the dual.

Answered: 1 week ago

Question

★★★★★

2.71 Social Ambivalence The following data represent the social ambivalence scores for 15 people as measured by a psychological test. (The higher the score, the stronger the ambivalence.) a. Guess...

Answered: 1 week ago

Question

★★★★★

Refer to the information in Exercise 5- 21. Suppose that Alpaca uses the FIFO method instead of the weighted- average method in all of its departments. 1. Calculate equivalent units of direct...

Answered: 1 week ago

Question

★★★★★

ishop Co. began operations on January 1, 2017. Financial statements for 2017 and 2018 con- tained the following errors: Dec. 31, 2017 Dec. 31, 2018 Ending inventory $198,000 overstated $219,000...

Answered: 1 week ago

Question

★★★★★

part 2 of the question is missing sales revenue, contribution margin and net profit. Kindly show steps on how you have solved. E1821 Missing data; basic CVP relationships Fill in the missing data for...

Answered: 1 week ago

Question

★★★★★

Golden Food Products produces special - formula pet food. The company carries no inventories. The master budget calls for theRequired: Prepare a profit variance analysis. Note: Enter your answers in...

Answered: 1 week ago

Question

★★★★★

Redwood Company sells craft kits and supplies to retail outlets and through its catalog. Some of the items are manufactured by Redwood, while others are purchased for resale. For the products it...

Answered: 1 week ago

Question

★★★★★

A surface mount PCB placement/soldering line is to be installed for $2,300,000. It will have a salvage value of $100,000 after 5 years. Determine the depreciation deduction and the resulting...

Answered: 1 week ago

Question

★★★★★

How can stakeholders track how the planning team has addressed key issues during the development of the master plan study? Group of answer choices Preparation of meeting minutes Develop and follow a...

Answered: 1 week ago

Question

★★★★★

You are interested in the effects of time spent viewing television and Body Mass Index on cardiovascular fitness (CVF) in children. You have a sample of 60 middle school students. Each student...

Answered: 1 week ago

Previous Question Next Question