Using the information in P22-2B, compute the overhead controllable variance and the overhead volume variance. Data from
Question:
Using the information in P22-2B, compute the overhead controllable variance and the overhead volume variance.
Data from P22-2B
Transcribed Image Text:
Cost and Production Data Actual Standard Raw materials Units purchased Units used 21,000 21,000 $3.40 22,000 $3.00 Unit cost Direct labor Hours worked Hourly rate Manufacturing overhead 3,600 $12.50 3,450 $11.80 Incurred $101,500 Applied $108,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (12 reviews)
Overhead controllable variance Actual Overhead 1015...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
Question Posted:
Students also viewed these Managerial Accounting questions
-
Using the information in P11-1A, compute the overhead controllable variance and the overhead volume variance. Discuss.
-
Using the information in P11-3A, compute the overhead controllable variance and the overhead volume variance. Discuss.
-
Using the information in P11-1A, compute the overhead controllable variance and the overhead volume variance. Data From P11-1A, Costello Corporation manufactures a single product. The standard cost...
-
Find reactions of support 1,2 and 3 F=10KN, a=2m, ?a=60 (45%) F 2a
-
Manutech Ltd.'s industrial product sales were down in 2014. Fortunately, after investing in a customer relationship management system, it was able to turn its operations around in 2015. Selected...
-
Suppose the return of the market portfolio is 10%, risk of the market portfolio is 15%. The beta of stock GE is 0.6. The risk-free rate is 5%. What is the expected return of stock GE according to the...
-
Evaluate the equilibrium constant at \(600 \mathrm{~K}\) for the reaction \[ \mathrm{CO}(\mathrm{g})+2 \mathrm{H}_{2}(\mathrm{~g}) ightarrow \mathrm{CH}_{3} \mathrm{OH}(\mathrm{g}) \] Data Table: 0...
-
On September 14, 2014, Jay purchased a passenger automobile that is used 75 percent in his accounting business. The automobile has a basis for depreciation purposes of $35,000, and Jay uses the...
-
What is strategic planning? Is strategic planning an effective or ineffective tool for organizations? What are some common reasons that strategic planning is ineffective? How can organizations...
-
At Quickie Car Wash, the wash process is advertised to take less than 7 minutes. Consequently, management has set a target average of 390 seconds for the wash process. Suppose the average range for a...
-
Using the information in P22-1B, compute the overhead controllable variance and the overhead volume variance. Data from P22-1B Korte Corporation manufactures a single product. The standard cost per...
-
Using the information in P22-3B, compute the overhead controllable variance and the overhead volume variance. Data from P22-3B Standard (per unit) 5 yards at $6.80 per yard 1.0 hours at $11.50 per...
-
The following two relative frequency distributions were constructed using data that appeared in the report Undergraduate Students and Credit Cards in 2004 (Nellie Mae, May 2005). One relative...
-
How does servant leadership and modifying verbal behaviors align with each other?
-
Are there any advantages using e-books rather than printed books?
-
What do you think about this shift into analytics and data measurement of your content/marketing materials?
-
You are considering an investment that is going to pay $1,500 a month starting 20 years from today for 15 years. If you can earn an 8 percent return on any investment, compounded monthly, how much at...
-
You are going to put an "equal amount" of money, every year, into a saving account that earns 3% interest per year. Your goal is to accumulate $50,000 in exactly 10 years. If you make your first...
-
The Jung Art Supplies Business sells various art supplies to local artists. The business uses a perpetual inventory system. The balance of its inventory of art supplies at the beginning of October...
-
Define deferred revenue. Why is it a liability?
-
Describe the bonding in SF 4 .
-
Easton Corporation makes two different boat anchorsa traditional fishing anchor and a high-end yacht anchorusing the same production machinery. The contribution margin of the yacht anchor is three...
-
Easton Corporation makes two different boat anchorsa traditional fishing anchor and a high-end yacht anchorusing the same production machinery. The contribution margin of the yacht anchor is three...
-
Brett Stern was hired during January 2014 to manage the home products division of Hi-Tech Products. As part of his employment contract, he was told that he would get $5,000 of additional bonus for...
-
You are planning to retire in 30 years. You want to be able to spend $40,000 per year in retirement, adjusted for inflation (so you will spend the equivalent in each year of $40,000 in today's...
-
From a lawsuit, you have been awarded a 31-payment, constant growth annuity. The first payment is at Year O and is equal to $380, and each subsequent payment will be paid in 16 month intervals, with...
-
You will receive 13 payments of $535, where the first payment will be received today (Month 0) and all other payments will be received in 10-month intervals (Months 10, 20, 30 ... 120). Assume that...
Study smarter with the SolutionInn App