Universal Company uses a standard cost system and prepared the following budget at normal capacity for...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Universal Company uses a standard cost system and prepared the following budget at normal capacity for the month of January: Direct labor hours Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead per DLH Actual data for January were as follows: Direct labor hours worked Total manufacturing overhead Standard DLH allowed for capacity attained Using the two-way analysis of overhead variances, what is the budget (controllable) variance for January? Is it favorable (F) or unfavorable (U)? 24,000 $48,000 $108,000 6.5 22,000 $157,000 22,500 Universal Company uses a standard cost system and prepared the following budget at normal capacity for the month of January: Direct labor hours Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead per DLH Actual data for January were as follows: Direct labor hours worked Total manufacturing overhead Standard DLH allowed for capacity attained Using the two-way analysis of overhead variances, what is the budget (controllable) variance for January? Is it favorable (F) or unfavorable (U)? 24,000 $48,000 $108,000 6.5 22,000 $157,000 22,500
Expert Answer:
Answer rating: 100% (QA)
To calculate the budget controllable variance for January using the twoway analysis of overhead vari... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
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...
-
Hayesville Company uses a standard cost system and reports the following information for 2016: Standards: 3 yards of cloth per unit at $1.05 per yard 2 direct labor hours per unit at $10.25 per hour...
-
Flandro Company uses a standard cost system and sets predetermined overhead rates on the basis of direct labor hours. The following data are taken from the companys budget for the current year:...
-
What is the common name for the following structure? CH3 CH3 -C-Br 1 CH3 Isobutyl bromide Osec-Butyl bromide O Neobutyl bromide O Isopropyl methyl bromide t-Butyl bromide
-
A developmental psychologist placed children in a social situation in which they were either rewarded or punished (Factor A: consequence) by a parent, sibling, or stranger (Factor B: type of adult)....
-
On the first day of its fiscal year, Ebert Company issued $50,000,000 of 10-year, 7% bonds to finance its operations. Interest is payable semiannually. The bonds were issued at a market (effective)...
-
Graphic solution for a linear programming problem Refer to the data about the production of sealers for Sharped Company in Exercise 25-10. Exercise 25-10 Setting up a linear programming problem...
-
Sapsora Company uses ROI to measure the performance of its operating divisions and to reward division managers. A summary of the annual reports from two divisions is shown below. The companys...
-
In working through this question I am having issues identifying my change in taxes and change in depreciation. (New project analysis) Garcia's Truckin' Inc. is considering the purchase of a new...
-
It's mid-December and Marie is finalizing her divorce. Generally, she and her soon to be ex-spouse have been amicable, and Marie is looking forward to being single. The divorce attorneys will be...
-
help asap pls To estimate the monthly maintenance cost for the maintenance department in a hospital, the following monthly costs are available: The Supervisor Salary Expense and the Depreciation...
-
Opening inventory (% of completion). SIP RPD Finished & Transferred Dept. 1 72,000 Determine the EP of each cost element for each department using FIFO method: Dept. 3 20,000 Dept. 2 48,000 1/4 2/3...
-
Oil costs $0.33 per barrel to store for a month but gives a convenience yield of $0.15 per barrel per month. The storage costs are paid at the end of the year and the convenience yield accrues at the...
-
1) Please write a program to calculate volume of a cylinder (V = rh). Prompt the user to enter values for radius and height. Use 3.14 for . Only two decimal places. Print out the values in the...
-
Investco Ltd., a private corporation, received dividend income from taxable Canadian corporations during its year ended December 31, 2023, as follows. Investco Ltd. owns 80% of the issued shares of...
-
Mount Corporation has $8,000,000 of permanent current assets and $2,000,000 of zero-cost payables. How much additional short-term financing should Mount raise if it wants to target a current ratio of...
-
Nissley Wedding Fantasy Corporation makes very elaborate wedding cakes to order. The owner of the company has provided the following data concerning the activity rates in its activity-based costing...
-
What are conversion costs? What are prime costs?
-
Company is an architectural firm specializing in home remodeling for private clients and new office buildings for corporate clients. Farris charges customers at a billing rate equal to 129% of the...
-
Babson Sodas Bottling Department had 19,000 units in the beginning inventory of Work in Process on September 1. During September, 100,000 units were started into production. On September 30, 29,000...
-
Teahen Products manufactures its products in two separate departments: Machining and Assembly. Total manufacturing overhead costs for the year are budgeted at $ 1,120,000. Of this amount, the...
-
Overtime pay for a production department Curry Company employs nine production workers at $7.00 per hour for first shift and a 50 percent overtime premium for any hours worked in excess of 40 per...
-
Understanding inventory cost data Data relevant to Job No. QV1173 are: An analysis of the production data indicate a number of additional items as follows: a. In addition to the 200 good units, there...
-
Identifying errors in accounting for materials Ristlott Company is a small manufactur- ing company using a perpetual inventory system. Recently the company hired an accountant who has not worked for...
Study smarter with the SolutionInn App