Assume variable manufacturing overhead is allocated using machine-hours. Give three possible reasons for a 25,000 favourable variable-overhead
Question:
Assume variable manufacturing overhead is allocated using machine-hours. Give three possible reasons for a €25,000 favourable variable-overhead efficiency variance.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
Reasons for a 25000 favourable variable overhead efficiency variance are W...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
Management And Cost Accounting
ISBN: 9781292232669
7th Edition
Authors: Alnoor Bhimani, Srikant M. Datar, Charles T. Horngren, Madhav V. Rajan
Question Posted:
Students also viewed these Business questions
-
When using a normal costing system, manufacturing overhead is allocated using the ________ manufacturing overhead rate and the ________ quantity of the allocation base. A. actual; actual B. budgeted;...
-
What account is credited when manufacturing overhead is allocated to jobs during the period? What account is debited when manufacturing overhead costs are incurred during the period? Would you expect...
-
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct materials:...
-
The name of each data Table in an Oracle Server database must be prefixed by the keyword or (True/False)
-
A flow, 0.2 kg/s dry air, of moist air at 40C, 50% relative humidity flows from the outside state 1 down into a basement where it cools to 16C, state 2. Then it flows up to the living room where it...
-
After the death of Lennie Pope, his will was read. It contained the following provisions: $110,000 in cash goes to decedents brother, Ned Pope. Residence and other personal property go to his...
-
Imagine pushing a crate in a straight line along a surface at a steady speed of \(1 \mathrm{~m} / \mathrm{s}\). What is the time rate of change in the momentum of the crate?
-
Cheng Furniture Company refinishes and reupholsters furniture. Cheng Furniture uses a job order cost system. When a prospective customer asks for a price quote on a job, the estimated cost data are...
-
Government spending as a fiscal policy tool is used to: A) ?Decrease the national debt B) ?Directly stimulate economic activity by increasing demand C) ?Reduce inflation D) ?Lower interest rates
-
A brass sleeve S is fitted over a steel bolt B (see figure), and the nut is tightened until it is just snug. The bolt has a diameter dB = 25 mm, and the sleeve has inside and outside diameters d1 =...
-
Lavertezzo allocates fixed manufacturing overhead to each suit using budgeted direct manufacturing labour-hours per suit. Data pertaining to fixed manufacturing overhead costs for June 2018 are...
-
A company manufactures and sells a single product. The company operates a standard marginal costing system that enables the reporting of planning and operational variances. The original standard...
-
Acrylic acid \(\left(\mathrm{CH}_{2}=\mathrm{CHCO}_{2} \mathrm{H}ight)\) is a precursor for many important plastics. ( \(K_{\mathrm{a}}\) for acrylic acid is \(5.6 \times 10^{-5}\).) a. Calculate the...
-
Do you think that it was right of Bithi's mother to send her to work when she knows the conditions she is sending her daughters into at such a young age? 2.What can the people of Bangladesh do to try...
-
Human Resources managers seek to attract and retain the best workers possible. Are your skills attractive enough to secure your dream job? In some industries, the workforce is shrinking as artificial...
-
How did the development of agencies, boards, and commissions change the traditional departmental structure of the executive branch of government? . 2. Explain why the development of agencies, boards,...
-
Mr Pedro works as a self-employed cleaner. He has a contract with C4U cleaning company in South London. The contract with C4U cleaning company stipulates that he: must wear a company uniform when...
-
Should companies have a flat or tall hierarchy in management? Give real world examples of where both management hierarchies could work must include works cited
-
In C3, the vector space of column vectors of size 3, prove that the set Z is a subspace. T3
-
[a] Two foam blocks, each with a charge of 19 micro coulombs (1 C = 10-6 C), are both held in place 19 cm apart in the east-west direction. A foam ball with a charge 49 C is placed 55 cm north of the...
-
Define cost smoothing, and explain how managers can determine whether it occurs with their costing system.
-
How is an activity-based approach different from a traditional approach to designing a job costing system?
-
Starkuchen GmbH has been in the food-processing business three years. For its first two years (2006 and 2007), its sole product was raisin cake. All cakes were manufactured and packaged in 1 kg...
-
Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = $201,000; patents and copyrights = $855,000; accounts payable = $288,000;...
-
Complete the partial financial statements and calculate the missing financial ratios . ?All financial ratios using balance sheet numbers were calculated using Year 1 2 ?ending balances instead of...
-
Prepare a Balance Sheet and an Income Statement, using the information provided below for XYZ Corporation. Item Account/Line Item $ Amount 1 Total Current Assets 2 Accounts Payable 48,000 3 Gross...
Study smarter with the SolutionInn App