Homework Answers
| Answer |
| The Answer is $ 19,382 Unfavorable |
| Explanation |
| $ 115,000 - ( $ 115,000 / 17,800 * 14,800 ) = $ 19,382 unfavorable. |
| ( Actual - budget ) * overhead rate |
Add Answer to:
favorable or unforvable ?
The following information is available for the Danske Company: Denominator hours for...
The following information is available for the Danske Company: Denominator hours for May Actual hours worked...
The following information is available for the Danske Company: Denominator hours for May Actual hours worked during May Standard hours allowed for May Flexible budget fixed overhead cost Actual fixed overhead costs for May 18,500 19, 600 14, 800 $115, 000 $118, 000 Danske Company had total underapplied overhead of $17,800. Additional information is as follows: Variable Overhead: Applied based on standard direct labor hours allowed Budgeted based on standard direct labor hours Fixed Overhead: $70, 000 40, 800 Applied...
The following information is available for the Danske Company: Denominator hours for May 21,500 Actual hours...
The following information is available for the Danske Company: Denominator hours for May 21,500 Actual hours worked during May 19,200 Standard hours allowed for May 14,600 Flexible budget fixed overhead cost $ 64,500 Actual fixed overhead costs for May $ 68,800 Danske Company had total underapplied overhead of $21,500. Additional information is as follows: Variable Overhead: Applied based on standard direct labor hours allowed $ 55,000 Budgeted based on standard direct labor hours 44,500 Fixed Overhead: Applied based on standard...
The following information is available for Baxter Manufacturing for April: Actual machine hours Standard machine hours...
The following information is available for Baxter Manufacturing for April: Actual machine hours Standard machine hours allowed Denominator activity (machine hours) Actual fixed overhead costs 1,030 1,090 1,850 $7,600 $7, 400 %24 Budgeted fixed overhead costs Predetermined overhead rate ($1 variable + $4 fixed) Is the fixed overhead price (spending) variance for April favorable or unfavorable? Multiple Choice Unfavorable Favorable < Prev 23 of 34 Next >
Actual machine hours 1,160 Standard machine hours allowed 1,310 Denominator activity (machine hours) 1,450 Actual fixed...
Actual machine hours 1,160 Standard machine hours allowed 1,310 Denominator activity (machine hours) 1,450 Actual fixed overhead costs $ 16,560 Budgeted fixed overhead costs $ 17,400 Predetermined overhead rate ($2 variable + $12 fixed) $ 14 What is the fixed overhead spending (price) variance? A. $840 favorable. B. $580 favorable. C. $280 favorable. D. $300 favorable.
The Thanksgiving Costume Factory used budgeted activity as its denominator level for 2018. The company measures...
The Thanksgiving Costume Factory used budgeted activity as its denominator level for 2018. The company measures its direct materials usage in pounds. The production cost variances for 2018 are as follows: Direct Material Price Variance: $12,000 U Variable Overhead Rate Variance: $8,000 F Direct Material Quantity Variance: $ 7.000 F Variable Overhead Efficiency Variance: $9,000 F Direct Labor Rate Variance: $ 4,000 F Fixed Overhead Budget Variance: $4.000U Direct Labor Efficiency Variance $13,000 U Fixed Overhead Volume Variance $6,000F For...
The following information is for the standard and actual costs for the Happy Corporation: Enter favorable...
The following information is for the standard and actual costs for the Happy Corporation: Enter favorable variances as negative numbers. Standard Costs: Budgeted units of production - 16,000 [80% (or normal) capacity] Standard labor hours per unit - 4 Standard labor rate - $26 per hour Standard material per unit - 8 lbs. Standard material cost - $12 per pound Standard variable overhead rate - $15 per labor hour Budgeted fixed overhead - $640,000 Fixed overhead rate is based on...
The following information for the past year is available from Thinnews Co., a company that uses...
The following information for the past year is available from Thinnews Co., a company that uses machine hours to apply standard factory overhead cost to outputs: Actual total factory overhead cost incurred $ 24,000 Actual fixed overhead cost incurred $ 10,000 Budgeted fixed overhead cost $ 11,000 Actual machine hours 5,000 Standard machine hours allowed for the units manufactured 4,800 Denominator volume—machine hours 5,500 Standard variable overhead rate per machine hour $ 3.00 The variable overhead spending variance, to the...
The Thanksgiving Costume Factory used budgeted activity as its denominator level for 2018. The company measures...
The Thanksgiving Costume Factory used budgeted activity as its denominator level for 2018. The company measures its direct materials usage in pounds. The production cost variances for 2018 are as follows: $8,000 F $9,000 F $4,000U $6,000F Variable Overrhead Rate Variance: Variable Overhead Efficiency Variance: Fixed Overhead Budget Variance: Fixed Overhead Volume Variance Direct Material Price Variance: Direct Material Quantity Variance: $ 7,000 F Direct Labor Rate Variance: Direct Labor Efficiency Variance $13,000 U $12,000 U $ 4,000 F For...
Choose the correct bolded choices to complete the sentences. The variable overhead cost variance is (favorable,...
Choose the correct bolded choices to complete the
sentences.
The variable overhead cost variance is (favorable,
unfavorable) because Longman actually spent (less,
more) than budgeted.
The variable overhead efficiency variance is (favorable,
unfavorable) because the actual hours used was
(more, less) than budgeted.
The fixed overhead cost variance is (favorable,
unfavorable) because Longman actually spent (less,
more) than budgeted for fixed overhead.
The fixed overhead volume variance is (favorable,
unfavorable) because Longman allocated (more,
less) overhead to jobs than the...
Neptune Inc. uses a standard cost system and has the following information for the most recent month, April: Actual direct labor hours (DLHs) worked 14,000 Standard DLHs allowed for good...
Neptune Inc. uses a standard cost system and has the following information for the most recent month, April: Actual direct labor hours (DLHs) worked 14,000 Standard DLHs allowed for good output produced this period 19,000 Actual total factory overhead costs incurred $ 38,400 Budgeted fixed factory overhead costs $ 10,300 Denominator activity level, in direct labor hours (DLHs) 13,000 Total factory overhead application rate per standard DLH $ 2.70 The fixed overhead production volume variance in April for Neptune, Inc.,...
The following information is available for the Danske Company: Denominator hours for May Actual hours worked during May Standard hours allowed for May Flexible budget fixed overhead cost Actual fixed overhead costs for May 18,500 19, 600 14, 800 $115, 000 $118, 000 Danske Company had total underapplied overhead of $17,800. Additional information is as follows: Variable Overhead: Applied based on standard direct labor hours allowed Budgeted based on standard direct labor hours Fixed Overhead: $70, 000 40, 800 Applied...
The following information is available for Baxter Manufacturing for April: Actual machine hours Standard machine hours allowed Denominator activity (machine hours) Actual fixed overhead costs 1,030 1,090 1,850 $7,600 $7, 400 %24 Budgeted fixed overhead costs Predetermined overhead rate ($1 variable + $4 fixed) Is the fixed overhead price (spending) variance for April favorable or unfavorable? Multiple Choice Unfavorable Favorable < Prev 23 of 34 Next >
The Thanksgiving Costume Factory used budgeted activity as its denominator level for 2018. The company measures its direct materials usage in pounds. The production cost variances for 2018 are as follows: Direct Material Price Variance: $12,000 U Variable Overhead Rate Variance: $8,000 F Direct Material Quantity Variance: $ 7.000 F Variable Overhead Efficiency Variance: $9,000 F Direct Labor Rate Variance: $ 4,000 F Fixed Overhead Budget Variance: $4.000U Direct Labor Efficiency Variance $13,000 U Fixed Overhead Volume Variance $6,000F For...
The following information is for the standard and actual costs for the Happy Corporation: Enter favorable variances as negative numbers. Standard Costs: Budgeted units of production - 16,000 [80% (or normal) capacity] Standard labor hours per unit - 4 Standard labor rate - $26 per hour Standard material per unit - 8 lbs. Standard material cost - $12 per pound Standard variable overhead rate - $15 per labor hour Budgeted fixed overhead - $640,000 Fixed overhead rate is based on...
The Thanksgiving Costume Factory used budgeted activity as its denominator level for 2018. The company measures its direct materials usage in pounds. The production cost variances for 2018 are as follows: $8,000 F $9,000 F $4,000U $6,000F Variable Overrhead Rate Variance: Variable Overhead Efficiency Variance: Fixed Overhead Budget Variance: Fixed Overhead Volume Variance Direct Material Price Variance: Direct Material Quantity Variance: $ 7,000 F Direct Labor Rate Variance: Direct Labor Efficiency Variance $13,000 U $12,000 U $ 4,000 F For...
Choose the correct bolded choices to complete the
sentences.
The variable overhead cost variance is (favorable,
unfavorable) because Longman actually spent (less,
more) than budgeted.
The variable overhead efficiency variance is (favorable,
unfavorable) because the actual hours used was
(more, less) than budgeted.
The fixed overhead cost variance is (favorable,
unfavorable) because Longman actually spent (less,
more) than budgeted for fixed overhead.
The fixed overhead volume variance is (favorable,
unfavorable) because Longman allocated (more,
less) overhead to jobs than the...
Most questions answered within 3 hours.
-
Consider the reaction, C3 H8 + O2 --> CO2 + H2O. How many
moles of O2...
asked 1 hour ago -
You and your opponent both roll a fair die. If you both roll the
same number,...
asked 1 hour ago -
In a study of the accuracy of fast food drive-through orders,
Restaurant A had 257 accurate...
asked 1 hour ago -
Identify and describe in detail the four categories of
institutions that could be included in a...
asked 1 hour ago -
In python
class Customer:
def __init__(self, customer_id, last_name, first_name, phone_number, address):
self._customer_id = int(customer_id)
self._last_name =...
asked 1 hour ago -
What is an example of a limitation in implementing a new
ERP system and how it...
asked 1 hour ago -
In a section of 9.7cm of an artery with a radius of 2.6mm there
is a...
asked 1 hour ago -
the two carboxylic acid groups of aspartic acid have different
acidities with pKa values of 2.1...
asked 1 hour ago -
Would CuCO3 aqueous salt combined with calcium chloride
form a solid precipitate? If so, what would...
asked 1 hour ago -
How do ECM Solutions assist in embedding a culture of continuous
improvement in an organization? (Project...
asked 1 hour ago -
Directions
These directions introduce the idea of Essential Questions.
Since this may be a new concept...
asked 1 hour ago -
1.b. Fiscal policy is said to suffer from ‘crowding out’.
Explain what this means and why...
asked 2 hours ago