H&X Co. uses a standard job cost system with a normal capacity of 25,000 direct labour hours.
Question:
H&X Co. uses a standard job cost system with a normal capacity of 25,000 direct labour hours. H&X Co. produces 12,000 units, which cost $185,700 for direct labour (23,000 hours), $27,525 for variable overhead, and $136,400 for fixed overhead. The standard variable overhead per unit is $2 (2 hours at $1 per hour), and the standard fixed overhead per unit is $10 (2 hours at $5 per hour).
Calculate the variable overhead spending variance and the variable overhead efficiency variance
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 45% (11 reviews)
VOHSPV Actual overhead T...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118856994
4th Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
Question Posted:
Students also viewed these Managerial Accounting questions
-
The following standard costs were developed for one of the products of ABC Company: STANDARD COST CARD PER UNIT Direct materials: 20 pounds x $10 per pound .................................. $200.00...
-
Bronfenbrenner Co. uses a standard cost system for its single product in which variable overhead is applied on the basis of direct labor hours. The following information is given: Required: Compute...
-
The Lubbock plant of Morrils Small Motor Division produces a major subassembly for a 6.0 horsepower motor for lawn mowers. The plant uses a standard costing system for production costing and control....
-
You have recently been appointed as assistant to the financial controller of Chaffinch plc, a manufacturing company. He has asked you to help with the finalisation of the financial statements for the...
-
Which one of the following statements is false? a. All measures of a Balanced Scorecard should link together to eventually support the ultimate financial goals of a company. b. A company should use...
-
Determining missing financial statement information Required Determine the four missing amounts using financial statement relationships. Revenues Expenses Net income Dividends declared during the...
-
You are an options dealer who deals in non-publicly traded options. One of your clients wants to purchase a one-year European call option on HAL Computer Systems stock with a strike price of \($20.\)...
-
Determining Financial Statement Effects of Various Transactions The following transactions occurred during a recent year: a. Issued stock to organizers for cash (example). b. Purchased equipment on...
-
Fortune Software Corp. has assembled the following data for the years ending December 31, 2021 and 2020. (Click the icon to view the current accounts.) Requirement (Click the icon to view the...
-
DeWitt Company makes and sells artistic frames for pictures of weddings, graduations, and other special events. Ron Bahar, the controller, is responsible for preparing DeWitt's master budget and has...
-
The Multi-Tool Manufacturing Company uses a standard cost system. Stephanie Roget, a financial analyst for Multi-Tool Manufacturing Company, has been given information with respect to standard cost...
-
Farm Labs, Inc. provides mad cow disease testing for both provincial and federal government agriculture agencies. Because the company's customers are government agencies, prices are strictly...
-
In a reaction, 34.0 g of chromium(III) oxide reacts with 12.1 g of aluminum to produce chromium and aluminum oxide. If 23.3 g of chromium is produced, what mass of aluminum oxide is produced?
-
Develop ARIMA (1,1,1) (0,1,2)4. Consider that this model is used to predict the rainfall during a year, what would be the scale of the model outputs (daily, monthly, or seasonally)? At most, how many...
-
Suppose the typical Buffalo Bills fan has the demand curve for Bills football games: p = 100 10G, where G is the number games the fan attends. a. If the Bills operate in a perfectly competitive...
-
Two adjacent subwatersheds have characteristics as follows: Subarea 1: length = 2,500 m; elevation drop = 52 m. Subarea 2: length = 1,200 m; elevation drop = 65 m. Compute the slope of each subarea....
-
If the NEL increased its schedule from 16 games to 36, what would the new benchmark ideal standard deviation be (assuming equal playing strength)?
-
Suppose that there are two types of players, good and medium. The team demand curve for top-quality players is Q = 27-5w, and the market supply of top players = is Q 4w, where w is the wage in...
-
What are the advantages and disadvantages of magnetic tape as compared to other peripheral storage devices?
-
If the amplifier indicated by the box input impedance of oo, which of the following statements are true ? has an open loop gain as well as Feedback factor (\beta = 1/ R_1\) The feedback is voltage...
-
The following information is from the materials requisitions and time tickets for Job 9- 1005 completed by Great Bay Boats. The requisitions are identified by code numbers starting with the letter Q...
-
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Job 102 was started in production in May and the following costs...
-
In December 2012, Shire Computers management establishes the year 2013 predetermined overhead rate based on direct labor cost. The information used in setting this rate includes estimates that the...
-
River Walk Tours is expected to have an EBIT of $184,000 next year. Depreciation, the increase in net working capital, and capital spending are expected to $11,000, $1,500, and $13,000, respectively....
-
Coronado Corporation purchased a depreciable asset for $576000 on January 1, 2023. The estimated salvage value is $54000, and the estimated useful life is 9 years. The straight-line method is used...
-
During 2023, Sunland Company constructed various assets at a total cost of $4.70 million. The weighted-average accumulated expenditures on assets qualifying for capitalization of interest during 2023...
Study smarter with the SolutionInn App