Quentin Industries prepared a fixed budget of 60,000 direct labor hours, with estimated overhead costs of $300,000
Fantastic news! We've Found the answer you've been seeking!
Question:
Quentin Industries prepared a fixed budget of 60,000 direct labor hours, with estimated overhead costs of $300,000 for variable overhead and $90,000 for fixed overhead. Quentin then prepared a flexible budget at 57,000 labor hours. How much is total overhead costs at this level of activity? Group of answer choices
$375,000
$370,500
$285,000
$390,000
Expert Answer:
Answer rating: 100% (QA)
Caluculation of Total Overhead costs Cat 57000 direct labor hours Particulars Variab... View the full answer
Posted Date:
Students also viewed these accounting questions
-
3. (4 marks) Suppose that the economy is well described by the New-Keynesian with partial sticky prices. Assume that the zero lower bound on nominal interest rate is binding. In your answer below,...
-
How do you use a simple sentence in your daily speech? (please write 4 sentences)
-
How do you use your interview strategy during an interview?
-
16. Read each brief description of a project in the following table and classify its type according to the Obeng model (Fog, Quest, Movie, Paint by Numbers (PBN)). (5) Project Reduce the cost of...
-
The Ride- On- Wonder Company (ROW) produces a line of non-motorized boats. ROW uses a normal- costing system and allocates manufacturing overhead using direct manufacturing labor cost. The following...
-
What is the impact of a weak home currency on the home economy, other things being equal? What is the impact of a strong home currency on the home economy, other things being equal?
-
What the different types of settlement agreements are?
-
An office employs several clerks who create documents and one operator who enters the document information in a computer system. The group creates documents at a rate of 25 per hour. The operator can...
-
The owner called a meeting of his staff and identified some of the problems that they are experiencing: Half of the advertised entrees on the menu are not available to customers when they tried to...
-
Using lab 7 with a three-day lead time (all original values), we will analyze six different scenarios to determine which would be the best scenario based on the total cost. Scenario A - Min is 3,500...
-
Firms using the direct method of reporting operating activities must add back depreciation because it does not include the outflow of cash. do not include investing and financing sections on the...
-
The article "Approximate Methods for Estimating Hysteretic Energy Demand on Plan-Asymmetric Buildings" (M. Rathhore, A. Chowdhury, and S. Ghosh, Journal of Earthquake Engineering, 2011: 99-123)...
-
The article "Predicting Depressed Patients with Suicidal Ideation from ECG Recordings" (A. Khandoker, V. Luthra, et al., Med Biol Eng Comput, 2017: 793-805) reports a study in which systolic blood...
-
Write the body for a function that replaces each copy of an item in a stack with another item. Use the following specification. (This function is in the client program.) ReplaceItem(StackType& stack,...
-
In a sample of 80 light bulbs, the mean lifetime was 1217 hours. Assume the population standard deviation is 52 hours. a. Find a 95\% confidence interval for the mean lifetime of this type of light...
-
An Unsorted List ADT is to be extended by the addition of function Tail, which has the following precondition and postcondition: Precondition: list has been initialized and is not empty....
-
The following table gives GNI measured in both nominal terms and at PPP for three countries. Given this information, what is the correct ordering of these countries in terms of the lowest cost of...
-
Suppose that the electrical potential at the point (x, y, z) is E(x, y, z) = x + y - 2z. What is the direction of the acceleration at the point (1,3,2)?
-
Consider water flow around a circular cylinder, of diameter \(D\) and length \(l\). In addition to geometry, the drag force is known to depend on liquid speed, \(V\), density, \(ho\), and viscosity,...
-
A 1:10 scale model of a tractor-trailer rig is tested in a wind tunnel. The model frontal area is \(A_{m}=0.1 \mathrm{~m}^{2}\). When tested at \(V_{m}=75 \mathrm{~m} / \mathrm{s}\) in standard air,...
-
The power, \(\mathscr{P}\), required to drive a fan is assumed to depend on fluid density \(ho\), volume flow rate \(Q\), impeller diameter \(D\), and angular speed \(\omega\). If a fan with...
Study smarter with the SolutionInn App