Question: Answer Quick Please !!! Question: In October, Swifty Inc, reports 44,200 actual direct labor hours and incurs $216,000 of manufacturing overhead costs. Standard hours allowed

Answer Quick Please !!!

Question:

In October, Swifty Inc, reports 44,200 actual direct labor hours and incurs $216,000 of manufacturing overhead costs. Standard hours allowed for the month's production is 45,000 hours. Swifty's predetermined overhead rate is $5.00 per direct labor hour. Compute the total manufacturing overhead variance. Identify whether each variance is favorable or unfavorable. Total manufacturing overhead variance $

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Send to an expert In October, Swifty Inc. reports 4 4 , 2 0 0 actual direct labor hours and incurs $ 2 3 5 , 0 0 0 of manufacturing overhead costs. Standard hours allowed for the month's production...

Partially correct answer icon Your answer is partially correct. In October, Bramble Inc. reports 44,500 actual direct labor hours and incurs $219,000 of manufacturing overhead costs. Standard hours...

SHOW WORK PLEASE In October. Flounder Inc, reports 42,600 actual direct labor hours and incurs $200,000 of manufacturing overhead costs. Standard hours allowed for the month's production is 41,800...

In October, Bramble Inc. reports 44,500 actual direct labor hours and incurs $234,000 of manufacturing overhead costs. Standard hours allowed for the month's production is 45,300 hours. Bramble's...

Your answer is incorrect. In October, Flounder Inc. reports 4 2 , 6 0 0 actual direct labor hours and incurs $ 2 0 6 , 0 0 0 of manufacturing overhead costs. Standard hours allowed for the month's...

Current Attempt in Progress Your answer is incorrect. In October, Riverbed Inc. reports 4 3 , 4 0 0 actual direct labor hours and incurs $ 2 1 8 , 0 0 0 of manufacturing overhead costs. Standard...

In October, Glaziers Inc. reports 42,000 actual direct labor hours and incurs $194,000 of manufacturing overhead costs. Standard hours allowed for the month production is 40,000 hours.Glaziers...

In October, Riverbed Inc, reports 43,400 actual direct labor hours and incurs $218,000 of manufacturing overhead costs. Standard hours allowed for the month's production is 43,100 hours. Riverbed's...

In October, Concord Inc. reports 43,800 actual direct labor hours and incurs $228,000 of manufacturing overhead costs. Standard hours allowed for the month's production is 44,300 hours. Concord's...

In October. Flounder Inc, reports 42.600 actual direct labor hours and incurs $206,000 of manufacturing overhead costs. Standard hours allowed for the month's production is 41,800 hours. Flounder's...

A pharmaceutical company is developing a new drug and wants to evaluate the risk and return of the project. The company has invested $5 million in the project, and it expects to receive a net cash...

Eduction of GST has thrown open a huge opportunity for the tax consultancy business and kunun is one of those professionals actively considering entering that field on his own. For we will have to...

Walmart is conducting a study to understand the impact of store types on weekly sales. They assign numeric codes to store types: 1 for Supercenters, 2 for Neighborhood Markets, and 3 for Discount...

Aztec Inc. produces soft drinks. Mixing is the first department, and its output is measured in gallons. Aztec uses the FIFO method. All manufacturing costs are added uniformly. For July, the mixing...

5. Why might price collusion occur in oligopolistic industries? Assess the economic desirability of collusive pricing. What are the main obstacles to collusion? Speculate as to why price leadership...

8. Is the game shown by Figure 14.1 a zero-sum game or is it a positive-sum game? How can you tell? Are there dominant strategies in this game? If so, what are they? What cell represents a Nash...

7. advanced analysis Construct a strategic form payoff matrix involving two firms and their decisions on high versus low advertising budgets and the effects of each on profits. Show a circumstance in...