{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T12:13:03-04:00", "answer_date": "2024-05-26 12:13:03", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1739206", "url": "\/study-help\/questions\/you-have-just-been-hired-by-fab-corporation-the-manufacturer-1739206", "question_creation_date_js": "2024-05-26T12:13:03-04:00", "question_creation_date": "May 26, 2024 12:13 PM", "meta_title": "[Solved] You have just been hired by FAB Corporati | SolutionInn", "meta_description": "Answer of - You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The p | SolutionInn", "meta_keywords": "hired,fab,corporation,manufacturer,revolutionary,new,garage,door,opening,device,president,asked", "question_title_h1": " You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you", "question_title": " You have just been hired by FAB Corporation, the manufacturer of", "question_title_for_js_snippet": "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 Cost Formula $0 15 per machine hour $1 40 per machine hour $94,000 $1 60 per machine hour $67,700 Actual Cost in March $ 21,300 $13,000 5126,000 Utilities Maintenance Supplies Indirect labor Depreciation $16,500 $38,600 50 70 per machine hour $69 400 During March, the company worked 18,000 machine hours and produced 12 000 units The company had originally planned to work 20,000 machine hours during March Required 1 Calculate the activity variances for March 2 Calculate the spending variances for March Complete this question by entering your answers in the tabs below Required 1 Required 2 Calculate the activity variances for March, (Indicate the effect of each variance by selecting for favorable for unfavorable, and None for no effect eu zece variance) Input all amounts as positive values FAB Corporation Activity Variances For the Month Ended March 31 Unties Maintenance Supp Indirect laber Depreslation Tonal", "question_description": "\"image", "transcribed_text": "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: Cost Formula $0.15 per machine-hour $1.40 per machine-hour $94,000 +$1.60 per machine-hour $67,700 Actual Cost in March $ 21,300 $13,000 5126,000 Utilities. Maintenance Supplies Indirect labor Depreciation. $16,500 $38,600 50.70 per machine-hour $69.400 During March, the company worked 18,000 machine-hours and produced 12.000 units. The company had originally planned to work 20,000 machine-hours during March Required: 1 Calculate the activity variances for March. 2. Calculate the spending variances for March Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the activity variances for March, (Indicate the effect of each variance by selecting for favorable for unfavorable, and \"None\" for no effect eu zece variance). Input all amounts as positive values FAB Corporation Activity Variances For the Month Ended March 31 Unties Maintenance Supp Indirect laber Depreslation Tonal", "related_book": { "title": "Managerial accounting", "isbn": "471467855, 978-0471467854", "edition": "1st edition", "authors": "ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/229.jpg", "uri": "\/textbooks\/managerial-accounting-1st-edition-229", "see_more_uri": "" }, "free_related_book": { "isbn": "1334013888", "uri": "\/textbooks\/a-short-practical-treatise-on-spherical-trigonometry-containing-a-few-simple-rules-by-which-the-great-difficulties-to-be-encountered-by-the-student-are-effectually-obviated-1st-edition-978-1334013881-111238", "name": "A Short Practical Treatise On Spherical Trigonometry Containing A Few Simple Rules By Which The Great Difficulties To Be Encountered By The Student Are Effectually Obviated", "edition": "1st Edition" }, "question_posted": "2024-05-26 12:13:03", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/marketing\/advertising-plays-a-major-role-in-the-stage-of-1236958", "description": "Advertising plays a major role in the ______________ stage of the product life cycle, and_______________ plays a major role in the maturity stage.", "stars": 3 }, { "url": "\/a-why-would-a-business-use-a-petty-cash-fund", "description": "a. 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