Homework Answers
Solution:
Overhead controllable variance = Budgeted overhead for actual production - Actual overhead
= (27000*$5 + 28000*$4) - $248,000
= $247,000 - $248,000 = $1,000 Unfavorable
Add Answer to:
Mikan Company's standard predetermined overhead rate is $9 per direct labor hour. For the month of...
The answer is not $4,000 nor $5,000. Please help. Question 3 0.5/1 View Policies Show Attempt...
The answer is not $4,000 nor $5,000. Please
help.
Question 3 0.5/1 View Policies Show Attempt History Current Attempt in Progress - Your answer is partially correct. Mikan Company's standard predetermined overhead rate is $9 per direct labor hour. For the month of June, 26,000 actual hours were worked and 27.000 standard hours were allowed. If the $9 per hour overhead rate includes $5 variable, and actual overhead costs were $248,000, what is the overhead controllable variance for June? The...
Harrangue Company's standard variable overhead rate is $6 per direct labor hour, and each unit requires...
Harrangue Company's standard variable overhead rate is $6 per direct labor hour, and each unit requires 2 standard direct labor hours. During March, Harry recorded 6,000 actual direct labor hours, $37,000 actual variable overhead costs, and 2,900 units of product manufactured. What is the variable overhead efficiency variance for March for Harrangue? a.$2,200 (U) b.$1,200 (U) c.$600 (U) d.$2,200 (F) Synergy Manufacturing Company has a normal monthly activity of 7,500 units. Standard factory overhead rates are based on a normal...
Budgeted overhead for Sunland Company at normal capacity of 30000 direct labor hours is $6 per...
Budgeted overhead for Sunland Company at normal capacity of 30000 direct labor hours is $6 per hour variable and $4 per hour fixed. In May, $302400 of overhead was incurred in working 31500 hours when 32000 standard hours were allowed. The overhead controllable variance is a) $5000 favorable b) $17600 favorable c) $9600 favorable d) $17600 unfavorable
The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of...
The predetermined overhead rate ($18.50 per direct
labor hour) is
based on an expected volume of 75% of the factory’s capacity of
20,000
units per month. Following are the company’s budgeted overhead
costs
per month at the 75% capacity level.
The company incurred the following actual costs when
it operated at
75% of capacity in October.
please help
Required information [The following information applies to the questions displayed below! Antuan Company set the following standard costs for one unit of...
Norwall Company's variable manufacturing overhead should be $1.95 per standard machine-hour and its fixed manufacturing overhead...
Norwall Company's variable manufacturing overhead should be $1.95 per standard machine-hour and its fixed manufacturing overhead should be $36,036 per month. The following information is available for a recent month: a. The denominator activity of 18,480 machine-hours is used to compute the predetermined overhead rate. b. At the 18,480 standard machine-hours level of activity, the company should produce 6,600 units of product. c. The company's actual operating results were: Number of units produced Actual machine-hours Actual variable manufacturing overhead cost...
The standard cost of product 5252 includes 1.90 hours of direct labor at $11.20 per hour....
The standard cost of product 5252 includes 1.90 hours of direct
labor at $11.20 per hour. The predetermined overhead rate is $22.00
per direct labor hour. During July, the company incurred 4,000
hours of direct labor at an average rate of $11.40 per hour and
$82,200 of manufacturing overhead costs. It produced 2,000
units.
(a)
Compute the total, price, and quantity variances for
labor.
Total labor variance
$
Unfavorable or Favorable
Labor price variance
$
Unfavorable or Favorable
Labor quantity...
What is the direct labor rate variance? 50 unfavorable 125 unfavorable 125 favorable The following information...
What is the direct labor rate variance? 50 unfavorable 125 unfavorable 125 favorable The following information for Q 7-8 The St. Augustine Corporation originally budgeted for $360,000 of fixed overhead at 100% normal production capacity. Production was budgeted to be 12,000 units. The standard hours for production were 5 hours per unit. The variable overhead rate was S3 per hour. Actual fixed overhead was $360,000 and actual variable overhead was $170,000. Actual production was 11,800 units. 7. The variable factory...
Cheney Company established a predetermined variable overhead cost rate at $21.00 per direct labor hour. The...
Cheney Company established a predetermined variable overhead cost rate at $21.00 per direct labor hour. The actual variable overhead cost rate was $19.20 per hour. The planned level of labor activity was 76,000 hours of labor. The company actually used 80,000 hours of labor. Required Determine the total flexible budget variable overhead cost variance and indicate the effect of the variance by selecting favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).)
World Company expects to operate at 70% of its productive capacity of 20,000 units per month....
World Company expects to operate at 70% of its productive capacity of 20,000 units per month. At this planned level, the company expects to use 11,550 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.825 direct labor hour per unit. At the 70% capacity level, the total budgeted cost includes $23,100 fixed overhead cost and $138,600 variable overhead cost. In the current month, the company incurred $135,860 actual overhead and 7180 actual...
World Company expects to operate at 70% of its productive capacity of 20,000 units per month....
World Company expects to operate at 70% of its productive capacity of 20,000 units per month. At this planned level, the company expects to use 11,550 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.825 direct labor hour per unit. At the 70% capacity level, the total budgeted cost includes $23,100 fixed overhead cost and $138,600 variable overhead cost. In the current month, the company incurred $135,860 actual overhead and 7180 actual...
The answer is not $4,000 nor $5,000. Please
help.
Question 3 0.5/1 View Policies Show Attempt History Current Attempt in Progress - Your answer is partially correct. Mikan Company's standard predetermined overhead rate is $9 per direct labor hour. For the month of June, 26,000 actual hours were worked and 27.000 standard hours were allowed. If the $9 per hour overhead rate includes $5 variable, and actual overhead costs were $248,000, what is the overhead controllable variance for June? The...
The predetermined overhead rate ($18.50 per direct
labor hour) is
based on an expected volume of 75% of the factory’s capacity of
20,000
units per month. Following are the company’s budgeted overhead
costs
per month at the 75% capacity level.
The company incurred the following actual costs when
it operated at
75% of capacity in October.
please help
Required information [The following information applies to the questions displayed below! Antuan Company set the following standard costs for one unit of...
Norwall Company's variable manufacturing overhead should be $1.95 per standard machine-hour and its fixed manufacturing overhead should be $36,036 per month. The following information is available for a recent month: a. The denominator activity of 18,480 machine-hours is used to compute the predetermined overhead rate. b. At the 18,480 standard machine-hours level of activity, the company should produce 6,600 units of product. c. The company's actual operating results were: Number of units produced Actual machine-hours Actual variable manufacturing overhead cost...
The standard cost of product 5252 includes 1.90 hours of direct
labor at $11.20 per hour. The predetermined overhead rate is $22.00
per direct labor hour. During July, the company incurred 4,000
hours of direct labor at an average rate of $11.40 per hour and
$82,200 of manufacturing overhead costs. It produced 2,000
units.
(a)
Compute the total, price, and quantity variances for
labor.
Total labor variance
$
Unfavorable or Favorable
Labor price variance
$
Unfavorable or Favorable
Labor quantity...
What is the direct labor rate variance? 50 unfavorable 125 unfavorable 125 favorable The following information for Q 7-8 The St. Augustine Corporation originally budgeted for $360,000 of fixed overhead at 100% normal production capacity. Production was budgeted to be 12,000 units. The standard hours for production were 5 hours per unit. The variable overhead rate was S3 per hour. Actual fixed overhead was $360,000 and actual variable overhead was $170,000. Actual production was 11,800 units. 7. The variable factory...
World Company expects to operate at 70% of its productive capacity of 20,000 units per month. At this planned level, the company expects to use 11,550 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.825 direct labor hour per unit. At the 70% capacity level, the total budgeted cost includes $23,100 fixed overhead cost and $138,600 variable overhead cost. In the current month, the company incurred $135,860 actual overhead and 7180 actual...
World Company expects to operate at 70% of its productive capacity of 20,000 units per month. At this planned level, the company expects to use 11,550 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.825 direct labor hour per unit. At the 70% capacity level, the total budgeted cost includes $23,100 fixed overhead cost and $138,600 variable overhead cost. In the current month, the company incurred $135,860 actual overhead and 7180 actual...
Most questions answered within 3 hours.
-
1. What is the meaning of the term communication style?
2. What are the benefits to...
asked 43 minutes ago -
9.) You are buying a car that cost $26,500. You make payments of
$412 each month...
asked 1 hour ago -
. Suppose a discrete random variable has probability
distribution
P(x) = .2 if x = 0...
asked 2 hours ago -
Problem #1
The area between Z = 0 and Z = 2.50
The area between Z...
asked 1 hour ago -
Under the influence of its drive force, a snowmobile is moving
at a constant velocity along...
asked 2 hours ago -
Why do organizations decline? What steps can top
management take to halt, decline, and restore organizational...
asked 2 hours ago -
What mechanisms Drive speciation??
(I.e. what was Dawins theory on the orgin of species, and how...
asked 4 hours ago -
The manager at a car assembly plant believes that the mean
assembly time for a car...
asked 5 hours ago -
Which of the following is true of electron capture?
A) It decreases the nuclide's mass number...
asked 6 hours ago -
Assuming an efficiency of 43.10%, calculate the actual yield of
magnesium nitrate formed from 114.9 g...
asked 7 hours ago -
The highly pathogenic bacterium Clostridium
perfringens causes gangrene, a disease that results in the
destruction of...
asked 9 hours ago -
In the context of situation analysis, which of the following is
a category for analysis in...
asked 8 hours ago