The following data is given for the Bahia Company: Budgeted production Actual production Materials: Standard price...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following data is given for the Bahia Company: Budgeted production Actual production Materials: Standard price per pound Standard pounds per completed unit Actual pounds purchased and used in production Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs Overhead is applied on standard labor hours. The variable factory overhead controllable variance is Oa. $80,139.02 unfavorable b. $80,139.02 favorable Oc. $25,899.00 unfavorable Od. $25,899.00 favorable 1,043 units 970 units $1.834 10 9,409 $19,288 $14.41 per hour 4.7 4,995.5 $76,181 $1,145,000 $25.00 per standard labor hour $139,874 The following data is given for the Bahia Company: Budgeted production Actual production Materials: Standard price per pound Standard pounds per completed unit Actual pounds purchased and used in production Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs Overhead is applied on standard labor hours. The variable factory overhead controllable variance is Oa. $80,139.02 unfavorable b. $80,139.02 favorable Oc. $25,899.00 unfavorable Od. $25,899.00 favorable 1,043 units 970 units $1.834 10 9,409 $19,288 $14.41 per hour 4.7 4,995.5 $76,181 $1,145,000 $25.00 per standard labor hour $139,874
Expert Answer:
Answer rating: 100% (QA)
Solution Actual Variable OverHead Cost 139874 Standard Variable OverHead Cost Sta... View the full answer
Posted Date:
Students also viewed these accounting questions
-
Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the companys costs: Fixed Cost per...
-
Master Budget and Responsibility Accounting Kaizen approach to activity-based budgeting The Jerico store of Jiffy Mart, a chain of small neighborhood convenience stores, is preparing its...
-
Tucker Company produced 5,400 units of product that required 3.7 standard hours per unit. The standard variable overhead cost per unit is $6.80 per hour. The actual variable factory overhead was...
-
Bookstores International, a bookstore chain, has been quite successful over the past few decades and is now in expansion mode. It typically approaches opening a new bookstore by first determining the...
-
On April 2, 2015, Montana Mining Co. pays $3,721,000 for an ore deposit containing 1,525,000 tons. The company installs machinery in the mine costing $213,500, with an estimated seven-year life and...
-
Cordell Inc. experienced the following events in 2016, its first year of operation: 1. Received $40,000 cash from the issue of common stock. 2. Performed services on account for $82,000. 3. Paid a...
-
On what element of the fraud triangle do most organizations usually focus their fraud prevention efforts? a. Perceived pressure b. Perceived opportunity C. Rationalization d. All three are targeted.
-
Stew is a self-employed surfboard-maker in 2014. His Schedule C net income is $104,000 for the year. He also has a part-time job and earns $8,500 in wages subject to FICA taxes. Calculate Stews...
-
Based on the manager you are selecting to retain, what concerns do you have about how employees from the other team will just to your manager? What can you do to proactively address these concern? It...
-
= On 1/1/X4, Phillip invested $1,100,000 in Sleeper's ordinary shares (35% owned). Sleeper reported: Assets $3,500,000 Liabilities 600,000 The book value of Sleeper's net assets approximated market...
-
New Orleans Fitness Center (NOFC) Introduction In 2022, John and Joan Smith opened the New Orleans Fitness Center (NOFC) in New Orleans, Louisiana. This business was the culmination of a dream of the...
-
How do you measure the correlation between two market indexes? What does it mean for two markets to be negatively correlated?
-
Should currency risk be managed independently or conjointly with market risk?
-
Discuss the major risks involved in foreign stock investing. How can they be hedged?
-
Why was Novos P/E ratio so much smaller than its key competitors P/E s ? What were the implications for Novos ability to compete in world markets?
-
Explain the concept of mildly segmented capital markets.
-
The liquid phase reaction A-RA-R is taking place in an ideal batch reactor. The reaction is homogeneous and irreversible, and the rate equation for the disappearance of A is -rA=k(CA)^2 At 150 C, the...
-
What are the key dimensions of critical thinking 2. Watch the NBC Learn video on Diet Scams. What types of claims are made in this video Are they valid Elaborate on your responses. Discuss this video...
-
Refer to exercise E2-28 of Chapter 2. Start from the trial balance and the posted T-accounts prepared at January 18, 2020. Later in January, the business completed these transactions: Requirements 1....
-
Refer to exercise E3-31. Requirements 1. After solving exercise E3-30, use the data in that exercise to prepare Yosaf Portraits Ltd.'s classified balance sheet at December 31, 2020. Use the report...
-
Satterfield Corporation reported the following current accounts at Deccmber 31, 2019 (amounts in thousands): During January 2020, Satterfield completed these selected transactions: - Sold services on...
Study smarter with the SolutionInn App