Plastic Imitations produced 1,000 units during November. Normal activity for the company is 1,200 units per month.

Question:

Plastic Imitations produced 1,000 units during November. Normal activity for the company is 1,200 units per month. The budgeted fixed overhead was $4,800 and the actual fixed overhead for November was $4,600.

a. What was the price variance for fixed overhead for Plastic Imitations for November?

b. What was the volume variance for fixed overhead for Plastic Imitations in November?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Managerial Accounting

ISBN: 9780137689453

1st Edition

Authors: Jennifer Cainas, Celina J. Jozsi, Kelly Richmond Pope

See More Books

Question Posted: Sep 05, 2023 01:08 PM

See More Questions

The figure shows an aluminum block of 10 in * 8 in * 12 in with an 8 in * 6 in * 12 in opening. What is the weight of the aluminum block to the nearest pound? (The density of aluminum is 0.098 lb/in...
Mint Company applies fixed overhead at the rate of $1.50 per unit. For May, budgeted fixed overhead was $604,500. The production volume variance amounted to $4,500 unfavorable, and the price variance...
Annland Components applies fixed overhead at the rate of $5.10 per unit. For October, budgeted fixed overhead was $513,825. The production volume variance amounted to $3,825 favorable, and the price...
Cancer is a frightening disease. The biological process that creates cancerous cells from healthy tissue is poorly understood at best. Much research has been conducted into how external conditions...
Pretend that you are building a Web-based system for the admissions office at your university. The system will be used to accept electronic applications from students. All the data for the system...
Below is a list of activities for Purple Cow Incorporated. Required: For each activity, indicate the impact on the accounting equation. After doing so for all transactions, ensure that the accounting...
Discuss how you would use information systems to support succession planning.
Given that z is a standard normal random variable, compute the following probabilities. a. P(z 1.0) b. P(z 1) c. P(z 1.5) d. P(2.5 z) e. P( 3 < z 0)
1. What is the best description of safety capacity? 2. If throughput is 20 per hour and the capacity is 30 per hour, what is the utilization? 3. What is the importance of safety capacity to a manager...
Hong Kong Island features steep, hilly terrain, as well as hot and humid weather. Travelling up and down the slopes therefore causes problems; this has led the city authorities to imagine rather...
All unfavorable variances should be investigated, and all favorable variances should not be investigated because the costs will always outweigh the benefits. Do you agree? If you do not agree,...
Give all of the journal entries for direct materials, direct labor, and variable overhead for Problem 5. Data from Problem 5 The Clement Co. uses a flexible budget and standard costs; it applies...
A government transfers equipment with a book value of $600,000 from its General Capital Assets accounts to an Enterprise Fund. How is this transaction reported in the Enterprise Fund statement of...
What are the importance of geotechnical engineering in building construction and civil engineering ?
Find the following matrix product, if it exists. 35 -1 -1 3 -55 -2 02 -5 0
Is + 4 a factor of 3-9x + 2x + 216? Yes, it is a factor of 3-9x2+2x+216 because the remainder when you divide is Enter an integer or decimal number [more] 5 a factor of 32 Yes, it is a factor when...
The following list of variables is associated with student life. Define whether they are: (i) A = Quantitative or B = Qualitative; (ii) A = Continuous, B = Discrete or C = NA (i.e. NA if not...
Solve (2.4 x 10-5) X 875 (2.5 x 107) x (2.8 x 107)
The ionization energy for a 1s electron in a silver atom is 2.462 106 kJ/ mol. a. Determine an approximate value for Zeff for the Ag 1s electron. You will first have to derive an equation that...
The domain of the variable in the expression x 3/x + 4 is________.
Would you expect a company in a rapidly growing technological industry to have a high or low dividend payout ratio?
What is meant by the dividend yield on a common stock investment?
What is meant by the dividend yield on a common stock investment?
Task details Your task is to essay that draws from concepts and theories discussed in this subject. The essay topic is: 'Hallmark events have been linked to place attachment, social connection and...
The first ad is a video ad on Instagram. The video focuses on a cup of black coffee, and as the milk is poured in, it reveals the message "support small businesses <3". The background music is slow...
Explain What are your view on working with labor union. Explain in detail.

Plastic Imitations produced 1,000 units during November. Normal activity for the company is 1,200 units per month.

Question:

Step by Step Answer:

a Fixed OH spending variance Actual fixed OH Budgeted fixed OH Fixed OH spe...View the full answer

Managerial Accounting

Students also viewed these Business questions