{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-29T01:30:31-04:00", "answer_date": "2024-06-29 01:30:31", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4439778", "url": "\/study-help\/questions\/nm-glavine-company-produces-a-single-product-each-unit-4439778", "question_creation_date_js": "2024-06-29T01:30:31-04:00", "question_creation_date": "Jun 29, 2024 01:30 AM", "meta_title": "[Solved] nm Glavine & Company produces a single pr | SolutionInn", "meta_description": "Answer of - nm Glavine & Company produces a single product, each unit of which requires three direct labor hours (DLHs). Practical | SolutionInn", "meta_keywords": "nm,glavine,company,produces,single,product,unit,requires,three,direct,labor,hours", "question_title_h1": "nm Glavine & Company produces a single product, each unit of which requires three direct labor hours (DLHs). Practical capacity (for setting the factory overhead", "question_title": "nm Glavine & Company produces a single product, each unit of which", "question_title_for_js_snippet": "nm Glavine Company produces a single product, each unit of which requires three direct labor hours (DLHs) Practical capacity (for setting the factory overhead application rate) is 48,000 DLHs, on an annual basis The information below pertains to the most recent yean Standard direct labor hours (DLHs) per unit produced Practical capacity, in DLHs (per year) 48,000 Variable overhead efficiency variance $ 14,000 Actual production for the year 14,000 Budgeted fixed manufacturing overhead $ 960,000 Standard direct labor wage rate $ 20 00 Total overhead cost variance for the year $ 140,000 Direct labor efficiency variance $ 28,000 Required 1 What was the actual number of direct labor hours (DLHs) worked during the year 2 What was the standard variable overhead rate per DLH during the year 3 00 unfavorable (U) units per DLH favorable (F) unfavorable (U) 3 What was the total overhead application rate per direct labor hour (DLH) during the year 4 What was the total actual overhead cost incurred during the year 5 What was the Production Volume Variance for the year Was this variance favorable (F) or unfavorable (U) 6 What was the total Overhead Spending Variance for the year Was this variance favorable (F) or unfavorable (U)", "question_description": "
\"image<\/div><\/div><\/div><\/figure> nm Glavine & Company produces a single product, each unit of which requires three direct labor hours (DLHs). Practical capacity (for setting the factory overhead application rate) is 48,000 DLHs, on an annual basis. The information below pertains to the most recent yean Standard direct labor hours (DLHs) per unit produced Practical capacity, in DLHs (per year) 48,000 Variable overhead efficiency variance $ 14,000 Actual production for the year 14,000 Budgeted fixed manufacturing overhead $ 960,000 Standard direct labor wage rate $ 20.00 Total overhead cost variance for the year $ 140,000 Direct labor efficiency variance $ 28,000 Required: 1. What was the actual number of direct labor hours (DLHs) worked during the year? 2. What was the standard variable overhead rate per DLH during the year? 3.00 unfavorable (U) units per DLH favorable (F) unfavorable (U) 3. What was the total overhead application rate per direct labor hour (DLH) during the year? 4. What was the total actual overhead cost incurred during the year? 5. What was the Production Volume Variance for the year? Was this variance favorable (F) or unfavorable (U)? 6. What was the total Overhead Spending Variance for the year? Was this variance favorable (F) or unfavorable (U)", "transcribed_text": "", "related_book": { "title": "Cost Management Measuring Monitoring And Motivating Performance", "isbn": "1118168879, 9781118168875", "edition": "2nd Canadian Edition", "authors": "Leslie G. Eldenburg, Susan Wolcott, Liang Hsuan Chen, Gail Cook", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/635f99b5717e0_1157.jpg", "uri": "\/textbooks\/cost-management-measuring-monitoring-and-motivating-performance-2nd-canadian-edition-1157", "see_more_uri": "" }, "free_related_book": { "isbn": "0128206942", "uri": "\/textbooks\/annual-reports-on-computational-chemistry-volume-16-1st-edition-9780128206942-9780128206959", "name": "Annual Reports On Computational Chemistry Volume 16", "edition": "1st\u00a0Edition" }, "question_posted": "2024-06-29 01:30:31", "see_more_questions_link": "\/study-help\/questions\/business-general-management-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/the-rotor-of-electric-motor-has-angular-velocity-of-3600", "description": "The rotor of an electric motor has an angular velocity of 3600 rpm when the load and power are cut off. The 110-lb rotor, which has a centroidal radius of gyration of 9 in., then coasts to rest....", "stars": 3 }, { "url": "\/study-help\/biostatistics\/why-is-it-important-to-investigate-the-pairwise-correlations-between-1981361", "description": "Why is it important to investigate the pairwise correlations between the explanatory variables?", "stars": 3 }, { "url": "\/your-supervisor-asks-you-to-analyze-the-potential-purchase-of", "description": "Your supervisor asks you to analyze the potential purchase of Drew Company by your firm, Pierson, Inc. You are provided the following information (in millions): Required: a. Prepare a pro forma...", "stars": 3 }, { "url": "\/study-help\/questions\/what-is-the-horizontal-distance-of-the-center-of-gravity-9853469", "description": "What is the horizontal distance of the center of gravity of the person - ladder system from the point where the ladder touches the ground? Express your answer with the appropriate units. Activate to...", "stars": 3 }, { "url": "\/study-help\/questions\/explain-what-the-petty-cashier-should-do-if-he-or-4492523", "description": "Explain what the petty cashier should do if he or she thinks that the imprest amount is inadequate.", "stars": 3 }, { "url": "\/study-help\/questions\/a-salesperson-in-your-organization-spends-most-of-her-time-8068338", "description": "A salesperson in your organization spends most of her time traveling between customer sites. After a customer visit, she must complete various managerial tasks, such as updating your organization's...", "stars": 3 }, { "url": "\/study-help\/fundamental-accounting-\/the-following-inventory-transactions-apply-to-willow-company-for-2012-1433843", "description": "The following inventory transactions apply to Willow Company for 2012. The beginning inventory consisted of 175 units at \\(\\$ 34\\) per unit. All transactions are cash transactions. Required a. Record...", "stars": 3 }, { "url": "\/study-help\/particle-physics\/sphere-a-carries-60-mathrmnc-of-charge-it-is-placed-1373983", "description": "Sphere A carries \\(6.0 \\mathrm{nC}\\) of charge. It is placed \\(100 \\mathrm{~mm}\\) from sphere B, which carries \\(3.0 \\mathrm{nC}\\) of charge. Assume the spheres are much smaller than their separation...", "stars": 3 }, { "url": "\/study-help\/chemical-reaction-engineering\/the-reversible-catalytic-reaction-proceeds-with-decaying-catalyst-in-a-1133858", "description": "The reversible catalytic reaction proceeds with decaying catalyst in a batch reactor (batch-solids, batchfluid). What can you say of the kinetics of reaction and deactivation from the following data:...", "stars": 3 }, { "url": "\/study-help\/introduction-to-artificial-intelligence\/design-a-suitable-representation-and-draw-the-complete-search-tree-1407452", "description": "Design a suitable representation and draw the complete search tree for the following problem: A farmer is on one side of a river and wishes to cross the river with a wolf, a chicken, and a bag of...", "stars": 3 }, { "url": "\/study-help\/financial-and-managerial-accounting\/west-highland-clothiers-reported-the-following-items-at-august-31-1430426", "description": "West Highland Clothiers reported the following items at August 31, 2012 (amounts in thousands, with last years2011amounts also given as needed): Requirement 1. Compute West Highlands (a) acid-test...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/hi-please-i-need-help-with-some-answers-thank-you-4439777", "next": "\/study-help\/questions\/n-a-nuclear-power-reactor-control-rods-are-used-to-4439779" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "nm Glavine & Company produces a single product, each unit of which", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/nm-glavine-company-produces-a-single-product-each-unit-4439778" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } } }