Merchandise planned to produce 40,000 fleece jackets ha its Metairie, Louisiana, factory. Fixed overhead costs for the

Question:

Merchandise planned to produce 40,000 fleece jackets ha its Metairie, Louisiana, factory. Fixed overhead costs for the factory were budgeted to be $520,600. The company actually spent $534,600 on fixed overhead and produced 38,000 jackets.

Required

Calculate the fixed overhead spending variance.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Managerial Accounting

ISBN: 9781119577669

4th Edition

Authors: Charles E. Davis, Elizabeth Davis

See More Books

Question Posted: May 17, 2021 09:11 AM

See More Questions

A Co. has annual fixed Costs Of % 1,40,000. In 2012 sales amounted to 6,00,000, as Compared with 2% 4,950,000 in 2011, and profit in 2012 was 2 42,000 higher than that in 2011. i) At what level of...
Keel Companys fixed overhead costs for the year are expected to be as follows: depreciation, $80,000; supervisory salaries, $92,000; property taxes and insurance, $26,000; and other fixed overhead,...
Bexar Companys fixed overhead costs for the year are expected to be as follows: depreciation, $80,000; supervisory salaries, $90,000; property taxes and insurance, $25,000; and other fixed overhead,...
Suppose the graph represents the sales of goods of a company from the year 2000 to 2008. a) Find the average rate of change from x = 1 to x = 4 and interpret. b) Find the average rate of change from...
If X is an Exponential random variable with parameter A, then find the moment generating function of X. (Assume, for this problem, that we are using t in the range where t < .)
Refer to Exercise 5.41. a. Are events A and B mutually exclusive? b. Are events B and C mutually exclusive? c. Are events A, C, and D mutually exclusive? d. Are there three mutually exclusive events...
I spent time with you. It seems that this deed is out of character for you. You were not awarded your normal annual bonus. I would probably feel the same. Is that what happened? You normally wouldnt...
Aglife Genetics Company of Lancaster, Wisconsin, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2014, the company's Cash account per its general ledger showed the...
Rene and Fred work in the same department. They must work together to complete a report on the last day of each month. Rene is working in her cubicle when Fred walks up and starts a conversation. If...
1. Sam's Menswear has $11,600 in Accounts Receivable at December 31. Sam's accountant estimates that $600 of the $11,600 will never be collected. Complete the current asset section of the balance...
Scott Sykes publishes a pilot training course curriculum kit that he sells to flight schools across the country. He prepared the following static budget for the year based on expected sales of 30,000...
Hunter Family Instruments makes cellos. During the past year, the company made 3,500 cellos even though the budget planned for 3,600. The company paid its workers an average of $20 per hour, which...
The income statement of GrandRider, a U.K. automotive manufacturer, reported revenues of 7,435, cost of sales of 6,003, other operating expenses of 918, a loss of 2 on the sale of a business, and net...
X Company estimates the following for its two products in 2019: Product X Product Y Selling price $13.80 $35.70 Variable cost $10.70 $28.70 Production [units] 54,000 12,000 Estimated fixed costs in...
As a consumer, what approaches and techniques will you now look for when you see marketing in action? For example, if you see an ad, what will you now consider and acknowledge as you look at the...
Technology trends have the potential to drive significant disruption and deliver significant opportunities. Digital trends such as AI engineering, distributed cloud, cybersecurity mesh, and...
You have leased an auto for 3 years at $299 per month. If money is worth 6% per year compounded quarterly, what is the equivalent cash payment presently for this annuity? The Riveras secured a bank...
At the beginning of 2017, Newton Corporation had a Deferred Tax Liability account with a beginning balance of $23,500. This was due to $55,600 of temporary differences that will result in future...
Why is the speed of sound in solids generally much faster than the speed of sound in air?
What is beacon marketing? What are digital wallets?
Advanced Products Corporation has supplied the following data from its activity-based costing system: During the year, Advanced Products completed one order for a new customer, Shenzhen Enterprises....
Advanced Products Corporation has supplied the following data from its activity-based costing system: During the year, Advanced Products completed one order for a new customer, Shenzhen Enterprises....
Hirams Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern...
When should the liability associated with a product warranty be recorded? Discuss in detail, please.
Caroline (85) is a Virginia resident who is filing her federal return as a qualifying surviving spouse. She is required to file a Virginia tax return. In addition to her other income, she won $1,000...
1 ) RosE had receivables of $ 4 9 8 6 0 0 at 3 0 November 2 0 1 2 . Hee allowance for receivables at 3 December 2 0 1 1 was $ 1 0 5 6 0 and she decided to change that to 2 % of receivables at 3 0...

Merchandise planned to produce 40,000 fleece jackets ha its Metairie, Louisiana, factory. Fixed overhead costs for the

Question:

Step by Step Answer:

Actual 534000 ...View the full answer

Managerial Accounting

Students also viewed these Business questions