If variable manufacturing overhead is applied to production on the basis of direct labor-hours and the direct
Question:
If variable manufacturing overhead is applied to production on the basis of direct labor-hours and the direct labor efficiency variance is unfavorable, will the variable overhead efficiency variance be favorable or unfavorable, or could it be either? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (16 reviews)
If overhead is applied on the basis of direct laborhours then the variable overhead efficien...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
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Question Posted:
Students also viewed these Managerial Accounting questions
-
Adams Manufacturing allocates overhead to production on the basis of direct labor costs At the beginning of the year Adams estimated total overhead of 396000 materials of 410000 and direct labor of...
-
In an effort to differentiate the DASANI brand and respond to increasing environmental concerns, the ad agency employed which type of informational advertising appeal for the PlantBottle? Multiple...
-
7. If variable manufacturing overhead is applied on the basis of direct labor-hours and the variable overhead rate variance is favorable, then: A) the actual variable overhead rate exceeded the...
-
Which one of the following is NOT an example of cash flows in operating activities according to direct method? Select one: a. Cash payment for purchase of inventories b. Cash received from debtors c....
-
You have agreed to take over the role of bookkeeper for the AB sports and social club. The summarized statement of financial position on 31.12.X1 as prepared by the previous bookkeeper contained the...
-
A small ball carrying a charge \(-2 q\) is placed at the center of a spherical metal shell that carries a charge \(+q\). What are the sign and magnitude of the charge \((a)\) on the inner surface of...
-
Continuation of Problem 8.7 . Show how indicator variables can be used to develop a piecewise linear regression model with a discontinuity at the join point $t$. Problem 8.7 Piecewise Linear...
-
Stratford Industries, Inc., has a foreign operation with the following current year contribution margin income statement (amounts in foreign currency, FC): Sales...
-
Carefully read the following two reports, from the leading security firms (available for downloads from the stream website), produced in the last couple of years that analyse and predict threat...
-
Combustion in a diesel engine may be modeled as a constant-pressure heat addition process with air in the cylinder before and after combustion. Consider a diesel engine with cylinder conditions of...
-
What is meant by the term variance?
-
What are the advantages of making formal journal entries in the accounting records for variances?
-
Draw plasma concentration curves for two products A and B if product A has the highest peak concentration, but product B is absorbed more quickly and provides greater overall exposure.
-
Johnson Corporation manufactures food processing equipment. Use Johnson Corporation's two most recent balance sheets and most recent income statement to view a statement of cash flows for 2010. The...
-
Question 3 Using their financials, show a table in Excel like this. Ratio 2019 2018 Current Ratio ??? ??? Return on Total Assets ??? ??? Return on Equity ??? ??? Operating Profit Margin ??? ??? Debt...
-
In 1998, Wakefield et al. reported a link between the administration of the MMR vaccine and a form of autism, igniting panic and contributing to a public health issue that continues today....
-
Becoming an Academic Writer describes exercises to consider while developing the results/findings of your dissertation. How might these exercises assist you in critically thinking about your research...
-
For the discussion assignment, you will talk about about an information system that you have used. You will talk about your experience with it and identify its primary components. It can be anything:...
-
What does the following output? A. a B. The code runs successfully without any output. C. The code does not complete. D. The code compiles but throws an exception at runtime. var chars =...
-
Assign the oxidation numbers to the elements in ClO - 3 .
-
What two essential components should a good strategy have?
-
Why is a clear strategy vital for an organization?
-
What is a strategy map?
-
3. It has been observed that a particular plant's growth is directly proportional to time. It measured 2 cm when it arrived at the nursery and 2.5 cm exactly one week later. If the plant continues to...
-
List four equivalent forms for the rational expression. x-2 x+9
-
You bought a Apple Watch at $3,599 with your credit card on 28 Dec 2021 and a iPad $3,399 on 2 Jan 2022. This transaction was billed in the credit statement dated on 10 Jan 2022 and the payment due...
Study smarter with the SolutionInn App