At 60,000 machine hours, Clark Company's static budget for variable overhead costs is $180,000. At 60,000...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
At 60,000 machine hours, Clark Company's static budget for variable overhead costs is $180,000. At 60,000 machine hours, the company's static budget for fixed overhead costs is $300,000. Machine hours are the cost driver of all overhead costs. The static budget is based on 60,000 machine hours. At 60,000 machine hours, the company produces 40,000 units. The following data is available: Actual units produced and sold Actual machine hours Actual variable overhead costs Actual fixed overhead costs What is the fixed overhead spending variance? A) $2,400 Favorable C) $2,400 Unfavorable 42,000 64,000 $185,600 $302,400 B) $1,000 Unfavorable D) $1,000 Favorable At 60,000 machine hours, Clark Company's static budget for variable overhead costs is $180,000. At 60,000 machine hours, the company's static budget for fixed overhead costs is $300,000. Machine hours are the cost driver of all overhead costs. The static budget is based on 60,000 machine hours. At 60,000 machine hours, the company produces 40,000 units. The following data is available: Actual units produced and sold Actual machine hours Actual variable overhead costs Actual fixed overhead costs What is the fixed overhead spending variance? A) $2,400 Favorable C) $2,400 Unfavorable 42,000 64,000 $185,600 $302,400 B) $1,000 Unfavorable D) $1,000 Favorable
Expert Answer:
Answer rating: 100% (QA)
In this question we have to find out what is the fixed over h... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Ten voters are asked to rank four candidates. The 10 voters turn in the following ballots showing their preferences in order: Make a preference table for these ballots. A D B A C D A B A B C A...
-
Chapman corporation the following information is available for chapman corporation for the current month: started this month 80,000 units beginning wip (40% complete) 7,500 units normal spoilage...
-
ABC Company uses standard costs for their manufacturing division. Standards specify 0.1 direct labor hours per unit of product. At the beginning of the year, the static budget for variable overhead...
-
Various statistical software packages tend to provide different measures of association. Use statistical software to calculate the Goodman-Kruskal gamma, Somers D, or Kendalls tau-a for the space...
-
Cesar Rego Computers, a Mississippi chain of computer hardware and software retail outlets, supplies both educational and commercial customers with memory and storage devices. It currently faces the...
-
You work at DeliWine, a US wine retailer. DeliWine sources one of their best selling wines, JeanRose, from a Dutch wine distributor. The cost of placing an order is $ 513 and the annual holding cost...
-
The accounting records of Compass Bookstores, Inc., include the following: Requirement Report these liabilities on Compass Bookstores' balance sheet, including headings and totals for current...
-
JKW Corporation has been selling plumbing supplies since 1981. In 2003, the company adopted the LIFO method of valuing its inventory. The company has grown steadily over the years and a layer has...
-
What challenges did the fashion industry face during the COVID-19 crisis? How did the pandemic expose vulnerabilities in the industry? Harvard Case 4: Tommy Hilfiger and Calvin Klein Post COVID-19:...
-
Roberta Santos, age 41, is single and lives at 120 San-borne Avenue, Springfield, IL 60781. Her Social Security number is 123-45-6789. Roberta has been divorced from her former husband, Wayne, for...
-
A company is considering whether to invest in a customer acquisition initiative costing $2 million which is expected to yield a gross margin of $2.4 million. After investing $1 million, the company...
-
A force of18N acts on an object at an angle of60 degrees above the horizontal. How much work does the force do if the object slides 60 m? Please report your answer to the nearest whole number. Please...
-
A 0.50 kg book slides down an inclined plane that makes an angle of 30 degrees with the horizontal ground. If the force of friction acting on the book has a magnitude of 1.5 Newtons, determine the...
-
Subtract and simplify. 4 1 25 50
-
Given a setup with slit width of 740 micron/micrometer and a minima of order 14 with wavelength of 2,929 nm, what is the distance (in nm) between the minima and the central maximum if the screen...
-
A skier with a mass of 50 kg glides with negligible friction down a hill covered with snow. If the hill is inclined at an angle of 10 degrees above the horizontal, determine the magnitude of: a) the...
-
What will be displayed in Display TextBox by the following code? Dim sum As Integer = 0 Do sum += 8 Loop While sum > 10 Display TextBox.Text = CStr(sum) BIUA A LE EX, EE 02 12pt Paragraph
-
Clark, PA, has been engaged to perform the audit of Kent Ltd.s financial statements for the current year. Clark is about to commence auditing Kents employee pension expense. Her preliminary enquiries...
-
The director of cost management for Portland Instrument Corporation compares each months actual results with a monthly plan. The standard direct-labor rates for the year just ended and the standard...
-
Montreal Electronics Company manufactures two large-screen television models: the Nova, which has been produced for 10 years and sells for $900, and the Royal, a new model introduced in early 20x0,...
-
What are transferred in costs?
-
For the data set a. Find the first and third quartiles. b. Find the IQR. c. Find the upper and lower outlier boundaries. d. List all the values, if any, that are classified as outliers. 15 7 2 4 4 3...
-
A population has mean = 25 and standard deviation = 4. a. Find the z-score for a population value of 16. b. Find the z-score for a population value of 31. c. What number has a z-score of 2.5?
-
For the data set 37 82 20 25 31 10 41 44 4 36 68 a. Find the first and third quartiles. b. Find the IQR. c. Find the upper and lower outlier boundaries. d. List all the values, if any, that are...
Study smarter with the SolutionInn App