Question: A static overhead budget based on 40,000 direct labor hours shows Factory Insurance $6,500 as a fixed cost. At the 50,000 direct labor hours worked

A static overhead budget based on 40,000 direct labor hours shows Factory Insurance $6,500 as a fixed cost. At the 50,000 direct labor hours worked in March, factory insurance costs were $6,200. Is this a favorable or unfavorable performance? Why?

Step by Step Solution

★★★★★

3.39 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The performance is favorable Factor... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

47-B-M-A-B-P-C (71).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

The static manufacturing overhead budget based on 40,000 direct labour hours shows budgeted indirect labour costs of $56,000. During March, the department incurs $66,000 of indirect labour costs...

The static manufacturing overhead budget based on 40,000 direct labor hours shows budgeted indirect labor costs of $54,000. During March, the department incurs $65,000 of indirect labor while working...

A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $360,000 and direct labor hours would be...

M Question 3 - Week 4 - Chapter 4 Homework - Connect X A https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=08launchUrl=https%253A%252F%252Fconnect... . . a Amazon.com -...

Please use the information above to complete the next part. You might have to zoom in to see last picture B C D 1 Due to its popularity, the Black and White Handbag (BW14293) is normally a stock...

A static overhead budget based on 40,000 direct labor hours shows Factory Insurance $6,500 as a fi xed cost. At the 50,000 direct labor hours worked in March, factory insurance costs were $6,300. Is...

required: Once the board and management are set, a location is selected and the overall vision for the bank is created. The organizing group then sends its plan, along with information on the board...

The Boles Shirt Company manufactures shirts in two departments Cutting and Sewing The company allocates manufacturing overhead using a single plantiderate with direct labor hours as the allocation...

Custom Fabric Ventures is a small company that produces fabric-based wardrobe accessories (such as, handbags, scarves, and headbands) and home accessories (such as placemats, pillows, and window...

There is a population of five people: Amy, Brianna, Carlos, Darius, & Eirik. [Note: this is a population, not a sample.] They are asked how many hours they studied last month. Amy studied 10...

Jim Bond, a plumber, has been working for Fleming's Plumbing Supplies for several years. Based on his hard work and the fact that he recently married Ivan Fleming's daughter, Jim has been invited to...

Question 4 Research shows that one referral is as valuable as 1 2 filled out information request forms. 1 2 cold calls. 1 0 0 cold calts. 6 filled out information request forms.

2. An okra fami anticipates highly seasonal demand for their product, tender pods of okra that can be made into the new drink sensation, the okra colada. Their estimate of the demand profile appears...

A corporation issued 5,000 shares of its no par common stock that was assigned a $1 stated value per share. The issue price was $10 per share. The entry to record this transaction would be:

Q1 Karachi Jam Manufacturers is a leading player in Juice and Jam industry. It sells exotic flavored Jams at Rs. 100 each. The firm gets its Fruits in bulk from different suppliers on Just in time...

Management of this site plans to add more processes to further separate selenium from the biomass and then beneficially market the selenium. The concentration of selenium is variable between 2 to 5...

Ms. Marston has net tax owing for 2017 of $4,500, net tax owing for 2018 of $8,000, and estimated net tax owing for 2019 of $7,500. If she wishes to pay the minimum total amount of installments for...

If one considers just the representative elements, how many groups would the periodic table have?

What is the formula for determining required merchandise purchases for a merchandiser?

ANOVA - 2 To test whether the mean time to mix a batch of adhesive is the same for machines produced by four manufacturers, TiteBondMax obtained DATA (table below) on the time (minutes) needed to mix...

Case for Section || NASTY-AS-CAN-BE CANDY National Foods is considering producing a new candy, Nasty-As- Can-Be. National has spent two years and $450,000 developing this product. National has also...

6. Everyone tells me I should start saving in my 401k retirement account at work immediately. I dutifully deduct 10% of my paycheck each month, which is 4605 . If I never got a raise, and kept this...