Homework Answers
Actual variable overhead = $ 4,180,000
Actual Hours (AH) = 500,000
Standard Hours (SH) = 478,470 (4,000,000 / 4,180,000 * 500,000)
Standard Rate (SR) = $ 8.33 per hour (4,000,000/ 480,000)
Variable Overhead Spending Variance = (SR * AH) - Actual variable overhead
= (8.33 * 500,000) - 4,180,000
= 15,000 (U)
Variable Overhead Efficiency Variance = (SH * SR) - (AH * SR)
= (478,470 * 8.33) - (500,000 * 8.33)
= 179,345 (U)
Add Answer to:
Question 9 Partially correct Mark 0.50 out of 1.00 Prag question Variable Overhead Variances Assume that the best c...
PFlag question Mark 0.50 out of 1.00 Question 10 Partially correct Sales Variances Presented is information pertain...
PFlag question Mark 0.50 out of 1.00 Question 10 Partially correct Sales Variances Presented is information pertaining to an item sold by Winding Creek General Store: Actual Budget 110 145 Unit sales Unit selling price Unit standard variable costs $23 $29 (20) (20) $9 $3 Unit contribution margin $4,205 $2,530 Revenues (2,900) (2.200) Standard variable costs $330 Contribution margin at standard costs $1,305 Compute the revenue, sales price, and the sales volume variances. Revenue variance 0 x F Sales price...
eBook Print Question 6 Partially correct Mark 0.50 out of 1.00 P Pag question Materials Variances...
eBook Print Question 6 Partially correct Mark 0.50 out of 1.00 P Pag question Materials Variances North Wind manufactures decorative weather vanes that have a standard materials cost of two pounds of raw materials at $1.50 per pound. During September 8.000 pounds of raw materials costing 51.59 per pound were used in making 3.900 weather vanes. Determine the materials price and quantity variance. Materials price variance 5 0 X U. Materials quantity variances O X U Check
Question 13 Partially correct Mark 0.58 out of 1.00 P Flag question Computation of Variable Cost...
Question 13 Partially correct Mark 0.58 out of 1.00 P Flag question Computation of Variable Cost Variances The following information pertains to the standard costs and actual activity for Tyler Company for September: Standard cost per unit Direct materials 4 units of material A $2.00 per unit 1 unit of material B $3.00 per unit Direct labor 3 hours $8.00 per hour Activity for September Materials purchased Material A 3,400 units * $2.05 per unit Material B 800 units x...
Assume that machine hours is the cost driver for overhead. The difference between the actual variable...
Assume that machine hours is the cost driver for overhead. The difference between the actual variable overhead incurred and the applied variable overhead is the: Select one: a. spending variance. b. volume variance. c. efficiency variance. d. sum of the spending and efficiency variances. e. production variance.
Question 14 Partially correct Mark 0.62 out of 1.00 P Hag question Variance Computations and Explanations...
Question 14 Partially correct Mark 0.62 out of 1.00 P Hag question Variance Computations and Explanations Outdoor Company manufactures camping tents from a lightweight synthetic fabric. Each tent has a standard materials cost of $21, consisting of 4 yards of fabricat $5.25 per yard. The standards call for 2 hours of assembly at $10 per hour. The following data were recorded for October, the first month of operations: Fabric purchased 0,000 yards x 55.00 per yard Fabric used in production...
PA9-1 (Algo) Calculating Direct Material, Direct Labor, Variable Overhead Variances [LO 9-3, 9-4, 9-5] Barley Hopp,...
PA9-1 (Algo) Calculating Direct Material, Direct Labor, Variable Overhead Variances [LO 9-3, 9-4, 9-5] Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity Standard Price (Rate) Standard Unit Cost Direct materials (clay) 1.70 lbs. $ 1.80 per lb. $ 3.06 Direct labor 1.70 hrs. $ 11.00 per hr. 18.70 Variable manufacturing overhead (based on direct labor hours) 1.70 hrs. $ 1.10 per hr. 1.87 Fixed manufacturing overhead ($420,500.00 ÷ 145,000.00 units) 2.90 Barley Hopp...
Question 7 Partially correct Mark 0.38 out of 1.00 P Flag questi Materials Variances Assume that...
Question 7 Partially correct Mark 0.38 out of 1.00 P Flag questi Materials Variances Assume that Pearle Vision uses standard costs to control the materials in its made-to-order sunglasses. The standards call for 2 ounces of material for each pair of lenses. The standard cost per ounce of material is $17.00. During July, the Santa Clara location produced 5.200 pairs of sunglasses and used 9.900 ounces of materials The cost of the materials during July was 517.25 per ounce, and...
eBook Print Question 8 Partially correct Mark 050 out of 1.00 P Pag question Direct Labor...
eBook Print Question 8 Partially correct Mark 050 out of 1.00 P Pag question Direct Labor Variances Assume that Nortel manufactures specialty electronic circuitry through a unique photoelectronic process. One of the primary products, Model ZX40, has a standard labor time of 0.5 hour and a standard labor rate of $15.50 per hour. During February, the following activities pertaining to direct labor for DX40 were recorded: Direct labor hours used 2.230 Direct labor cost 540.000 Units of ZX40 manufactured 4.700...
Your answer is partially correct. Try again. The following information is available for Bonita's Hot Dogs:...
Your answer is partially correct. Try again. The following information is available for Bonita's Hot Dogs: Actual production Budgeted production Standard direct labor hours Actual direct labor hours Standard variable overhead rate Actual variable overhead costs 11,940 packages 12,500 packages 1.61 direct labor hours per package 20,237 $2 per direct labor hour $33,334 Calculate the variable overhead spending and efficiency variances. (Round answers to 0 decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter o for...
PA9-1 Calculating Direct Material, Direct Labor, Variable Overhead Variances [LO 9-3, 9-4, 9-5] Barley Hopp, Inc.,...
PA9-1 Calculating Direct Material, Direct Labor, Variable Overhead Variances [LO 9-3, 9-4, 9-5] Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($275,000.00 + 110,000.00 units) Standard Quantity 1.60 lbs. 1.60 hrs. 1.60 hrs. Standard Price (Rate) $ 1.70 per lb. $11.00 per hr. $ 1.10 per hr. Standard Unit Cost $ 2.72 17.60 1.76 2.50 Barley Hopp had the...
PFlag question Mark 0.50 out of 1.00 Question 10 Partially correct Sales Variances Presented is information pertaining to an item sold by Winding Creek General Store: Actual Budget 110 145 Unit sales Unit selling price Unit standard variable costs $23 $29 (20) (20) $9 $3 Unit contribution margin $4,205 $2,530 Revenues (2,900) (2.200) Standard variable costs $330 Contribution margin at standard costs $1,305 Compute the revenue, sales price, and the sales volume variances. Revenue variance 0 x F Sales price...
eBook Print Question 6 Partially correct Mark 0.50 out of 1.00 P Pag question Materials Variances North Wind manufactures decorative weather vanes that have a standard materials cost of two pounds of raw materials at $1.50 per pound. During September 8.000 pounds of raw materials costing 51.59 per pound were used in making 3.900 weather vanes. Determine the materials price and quantity variance. Materials price variance 5 0 X U. Materials quantity variances O X U Check
Question 13 Partially correct Mark 0.58 out of 1.00 P Flag question Computation of Variable Cost Variances The following information pertains to the standard costs and actual activity for Tyler Company for September: Standard cost per unit Direct materials 4 units of material A $2.00 per unit 1 unit of material B $3.00 per unit Direct labor 3 hours $8.00 per hour Activity for September Materials purchased Material A 3,400 units * $2.05 per unit Material B 800 units x...
Question 14 Partially correct Mark 0.62 out of 1.00 P Hag question Variance Computations and Explanations Outdoor Company manufactures camping tents from a lightweight synthetic fabric. Each tent has a standard materials cost of $21, consisting of 4 yards of fabricat $5.25 per yard. The standards call for 2 hours of assembly at $10 per hour. The following data were recorded for October, the first month of operations: Fabric purchased 0,000 yards x 55.00 per yard Fabric used in production...
Question 7 Partially correct Mark 0.38 out of 1.00 P Flag questi Materials Variances Assume that Pearle Vision uses standard costs to control the materials in its made-to-order sunglasses. The standards call for 2 ounces of material for each pair of lenses. The standard cost per ounce of material is $17.00. During July, the Santa Clara location produced 5.200 pairs of sunglasses and used 9.900 ounces of materials The cost of the materials during July was 517.25 per ounce, and...
eBook Print Question 8 Partially correct Mark 050 out of 1.00 P Pag question Direct Labor Variances Assume that Nortel manufactures specialty electronic circuitry through a unique photoelectronic process. One of the primary products, Model ZX40, has a standard labor time of 0.5 hour and a standard labor rate of $15.50 per hour. During February, the following activities pertaining to direct labor for DX40 were recorded: Direct labor hours used 2.230 Direct labor cost 540.000 Units of ZX40 manufactured 4.700...
Your answer is partially correct. Try again. The following information is available for Bonita's Hot Dogs: Actual production Budgeted production Standard direct labor hours Actual direct labor hours Standard variable overhead rate Actual variable overhead costs 11,940 packages 12,500 packages 1.61 direct labor hours per package 20,237 $2 per direct labor hour $33,334 Calculate the variable overhead spending and efficiency variances. (Round answers to 0 decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter o for...
PA9-1 Calculating Direct Material, Direct Labor, Variable Overhead Variances [LO 9-3, 9-4, 9-5] Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($275,000.00 + 110,000.00 units) Standard Quantity 1.60 lbs. 1.60 hrs. 1.60 hrs. Standard Price (Rate) $ 1.70 per lb. $11.00 per hr. $ 1.10 per hr. Standard Unit Cost $ 2.72 17.60 1.76 2.50 Barley Hopp had the...
Most questions answered within 3 hours.
-
The fuel economy of a 2011 Lexus RX 350 2wd 6 cylinder 3.5 L
automatic 5...
asked 56 seconds ago -
i.
the synthesized compund 2-bromo-butanal i have a IR peak at about
3200 and one at...
asked 54 seconds ago -
A
752 mL sample of water was placed in a 1000 gram pan of aluminum.
The...
asked 12 minutes ago -
1.In the context of chelation, what does binding strength mean?
What happens at the molecular level...
asked 5 minutes ago -
Describe two obstacles that makes fixing atmospheric nitrogen
difficult.
asked 24 minutes ago -
Evelyn incorporates her sole proprietorship, transferring it to
newly formed Papaya Corporation. The assets transferred have...
asked 10 minutes ago -
Assume that in a hydrogen atom, the electron circles the nucleus
in a circle of radius...
asked 19 minutes ago -
1 point) Given the significance level α=0.01 find the following:
(a) left-tailed z value z= (b)...
asked 13 minutes ago -
Calculate the expected value, the variance, and the standard
deviation of the given random variable X....
asked 15 minutes ago -
T
F 53) Most differences
between human groups are the result of biology rather than
culture....
asked 28 minutes ago -
A 5.20 mW helium neon laser emits a visible laser beam with a
wavelength of 633...
asked 31 minutes ago -
Assignment:
Your
organization has made a strategic decision
to
outsourcework
currently performed in house. You have...
asked 30 minutes ago