QUESTION 2 The following data have been provided by Mathews Corporation: Budgeted production Standard machine-hours per...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
QUESTION 2 The following data have been provided by Mathews Corporation: Budgeted production Standard machine-hours per unit 9.4 machine-hours Standard lubricants rate $1.20 per machine-hour Standard supplies rate $1.00 per machine-hour Actual production 7,000 units Actual machine-hours (total) 66,230 machine-hours Actual lubricants cost (total) $78,100 Actual supplies cost (total) $66,536 Lubricants and supplies are both elements of variable manufacturing overhead. 6,900 units The variable overhead rate variance for supplies is closest to: $736 U $430 U $306 U $736 F QUESTION 2 The following data have been provided by Mathews Corporation: Budgeted production Standard machine-hours per unit 9.4 machine-hours Standard lubricants rate $1.20 per machine-hour Standard supplies rate $1.00 per machine-hour Actual production 7,000 units Actual machine-hours (total) 66,230 machine-hours Actual lubricants cost (total) $78,100 Actual supplies cost (total) $66,536 Lubricants and supplies are both elements of variable manufacturing overhead. 6,900 units The variable overhead rate variance for supplies is closest to: $736 U $430 U $306 U $736 F
Expert Answer:
Answer rating: 100% (QA)
306 U Standard supply rate 100 per machine hour Actual m... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
The following data have been compiled for an input/output report at Work Center 7. Complete the report and analyze theresults. Period1 2 34 Planned input 55 60 65 65 Actual input Deviation 50 50 5560...
-
The following data have been gathered from two related samples. The differences are assumed to be normally distributed in the population. Use these data and alpha of .01 to test the...
-
The following data have been selected for two variables, y and x. Construct a scatter plot for these two variables and indicate what type of relationship, if any, appears to be present. y x 100.23.5...
-
What aspects of control must exist before a subsidiary is consolidated?
-
Using the following information, compute cash paid to purchase property, plant, and equipment. Depreciation expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10,000...
-
You have recently been appointed as supply chain manager for a pharmaceutical company. Summarize the main Internet-based applications you would consider for communicating with your suppliers.
-
Acompany wishes to make a rights issue to its existing shareholders. The rights issue is a 2 for 5 rights issue at a price of 1.20 per share. The par value of each share is 1 and the shares trade in...
-
Wild Wheels, Inc., wholesales a line of custom mountain bikes. Wild Wheels inventory, as of November 30, 201 2, consisted of 20 mountain bikes costing $550 each. Wild Wheels trial balance as of...
-
Billy Ltd has a 100% interest in Goat Ltd. During the financial year to 30th June 2022 the following exchanges of plant and machinery occurred between the group members: (a) Billy Ltd sold a machine...
-
?? Problems (4) to (8) below are based on Example Problem 13.4 Example Problem 13.4 FIGURE 13.41 System for Example Problem 13.4 80 ft Figure 13.41 shows a pumped fluid flow system that is being...
-
The purpose of this assignment is to conduct internal and external research to determine previously attempted solutions and potential solutions that could be implemented to solve identified problem.n...
-
1. Find a market news event. Scan the news for an article from within the last week about a good or service that interests you. Read the article and determine which is affected: supply or demand. 2....
-
A stock sells for $60 per share, the annual standard deviation of returns on the stock is estimated to be 45 percent, and the continuously compounded risk-free rate is 3 percent. A. If the stock did...
-
In 1 9 9 0 , Roger Hickey of California attained a speed of 8 9 km / h while standing on a skateboard. Suppose Hickey is riding horizontally at his stand - up speed when he catches up to another...
-
Suppose you are made a proposal to acquire an investment that will provide cash flows of $2,250 per year for 15 years. The cost of this investment is $15,750. If you have an alternative investment...
-
In a thermos, 0 . 2 4 0 kg of hot water at 3 3 deg C is stored, which needs to be cooled. 2 cubes of ice at 0 deg C of mass 0 . 0 2 5 kg each are added in the water and the thermos is closed. a )...
-
1. How has your brain been shaped by past and present experiences and how can you maximize your brain's unique abilities? The Structure In short, this prompt asks asking to think about how the past...
-
Using Gauss-Jordan elimination, invert this matrix ONLY 0 0 0 0 1
-
The Ruddle Co. Ltd had planned to install and, with effect from next April, commence operating sophisticated machinery for the production of a new product - product Zed. However, the supplier of the...
-
From the information given below you are required to: (a) Prepare a standard cost sheet for one unit and enter on the standard cost sheet the costs to show sub-totals for: (i) Prime cost; (ii)...
-
J plc's business is organized into divisions. For operating purposes, each division is regarded as an investment centre, with divisional managers enjoying. substantial autonomy in their selection of...
-
1. The FTC offers advice to Web site operators about how to comply with the Children's Online Privacy Protection Act at http://www.ftc.gov/privacy/privacyinitiatives/childrens.html. Choose a Web site...
-
7. ROLE REVERSAL Write a short-answer question that deals with an issue involving crime in cyberspace.
-
Question: A police department supplied its officers with pagers for text-messaging. The department did not have an official policy on text-messaging, but its e-mail policy stated that: "The use of...
Study smarter with the SolutionInn App