Question
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 Com
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Solution:

Overhead controllable variance = Budgeted overhead for actual production - Actual overhead

=(27000*$5 + 28000*$4) - $248,000

= $1,000 Unfavorable

Add a comment
Know the answer?
Add Answer to:
The answer is not $4,000 nor $5,000. Please help. Question 3 0.5/1 View Policies Show Attempt...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Mikan Company's standard predetermined overhead rate is $9 per direct labor hour. For the month of...

    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 normal capacity hours were 28,000. Is the variance favorable or unfavorable? Overhead controllable variance $

  • < Prev Next > Send to Gradebook 0.5/1 Question 10 View Policies Show Attempt History Current...

    < Prev Next > Send to Gradebook 0.5/1 Question 10 View Policies Show Attempt History Current Attempt in Progress - Your answer is partially correct. Mordica Company's standard labor cost per unit of output is $33.00 (3.00 hours x $11.00 per hour). During August, the company Incurs 4,290 hours of direct labor at an hourly cost of $12.10 per hour in making 1,300 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal...

  • Question 3 View Policies Current Attempt in Progress Roger Corporation manufactures a single product. The standard...

    Question 3 View Policies Current Attempt in Progress Roger Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials-2 pound plastic at $8.00 per pound $ 16.00 Direct labor-10 hours at $12.00 per hour 12.00 Variable manufacturing overhead 750 Fixed manufacturing overhead 250 Total standard cost per unit $3800 The predetermined manufacturing overhead rate is $10 per direct labor hour ($10.00 1.0). It was computed from a master manufacturing over head budget based...

  • Send to Gradebook Next > Question 5 View Policies Current Attempt in Progress In October, Pine...

    Send to Gradebook Next > Question 5 View Policies Current Attempt in Progress In October, Pine Company reports 21,300 actual direct labor hours, and it incurs $113,850 of manufacturing overhead costs. Standard hours allowed for the work done is 25,300 hours The predetermined overhead rate is $4.25 per direct labor hour. Compute the total overhead variance. Total Overhead Variance $ e Textbook and Media Attempts: 0 of 3 used Save for Later Submit Answer Send to Gradebook Nect>

  • Send to Gradebook < Prev Next > Question 3 View Policies Current Attempt in Progress Myers...

    Send to Gradebook < Prev Next > Question 3 View Policies Current Attempt in Progress Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor Indirect materials Utilities $1.00 0.90 0.40 Fixed overhead costs per month are Supervision $3,700, Depreciation $1.700, and Property Taxes $800. The company believes it will normally operate in a range of 5,700-9,300 direct labor hours per month Assume...

  • 0.33/1 Question 6 View Policies Show Attempt History Current Attempt in Progress Whispering Corporation accumulates the...

    0.33/1 Question 6 View Policies Show Attempt History Current Attempt in Progress Whispering Corporation accumulates the following data relative to jobs started and finished during the month of June 2020. Costs and Production Data Raw materials unit cost Raw materials units Direct labor payroll Direct labor hours Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted fixed overhead for June Variable overhead rate per machine hour Fixed overhead rate per machine hour Actual...

  • Send to Gradebook Next > 0.33/1 Question 9 View Policies Show Attempt History Current Attempt in...

    Send to Gradebook Next > 0.33/1 Question 9 View Policies Show Attempt History Current Attempt in Progress Your angwer is partially correct. . Simba Company's standard materials cost per unit of output is $9.68 (2.20 pounds x $4.40). During July, the company purchases and uses 2.970 pounds of materials costing $15,741 in making 1,500 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, eg. 52.75 and final answers to...

  • --/1 Question 14 View Policies Current Attempt in Progress Rogen Corporation manufactures a single product. The...

    --/1 Question 14 View Policies Current Attempt in Progress Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials - 1 pound plastic at $8.00 per pound Direct labor-1.5 hours at $11.90 per hour Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit $8.00 17.85 9.75 11.25 $46.85 The predetermined manufacturing overhead rate is $14.00 per direct labor hour ($21.00 = 1.5). It was computed from a master manufacturing overhead...

  • Question 1 View Policies Current Attempt in Progress Tang Company accumulates the following data concerning raw...

    Question 1 View Policies Current Attempt in Progress Tang Company accumulates the following data concerning raw materials in making its finished product: (1) Price per pound of raw materials-net purchase price $2.50, freight- in $0.30, and receiving and handling $0.20. (2) Quantity per gallon of finished product-required materials 3.60 pounds, allowance for waste and spoilage 0.90 pounds. Compute the following. (Round answers to 2 decimal places, e.g. 1.25.) (a) Standard direct materials price per pound of raw materials. $ (b)...

  • Question 3 View Policies Current Attempt in Progress Manufacturing overhead data for the production of Product...

    Question 3 View Policies Current Attempt in Progress Manufacturing overhead data for the production of Product H by Kingbird Company, assuming the company uses a standard cost system, are as follows. Overhead incurred for 46,100 actual direct labor hours worked Overhead rate (variable $5; fixed $1) at normal capacity of 58,300 direct labor hours Standard hours allowed for work done $281.880 $6 47,180 Compute the total overhead variance. Total overhead variance $ e Textbook and Media Attempts: 0 of 15...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT