ComplexChem, Inc., produces chemicals for large biotech companies. It has the following data for manufacturing overhead...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
ComplexChem, Inc., produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August 2017: (Click the icon to view the data.) (1) Spending variance (2) Efficiency variance (3) Production-volume variance (4) Flexible-budget variance (5) Underallocated (overallocated) manufacturing overhead (If no variance exists leave the dollar value blank. Label the variance as favorable (F), unfavorable (U) or never a variance (N).) Data table Variable Actual costs incurred Costs allocated to products Flexible budget Actual input x budgeted rate Variable Fixed $ 33,500 $ 14,000 27,000 13,600 14,600 32,000 HIED X Requirement Fill in the blanks. Use F for favorable and U for unfavorable: i (Click the icon to view the table.) More info (1) Spending variance (2) Efficiency variance (3) Production-volume variance (4) Flexible-budget variance Underallocated (overallocated) manufacturing (5) overhead Print Done Variable Fixed $ B X ComplexChem, Inc., produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August 2017: (Click the icon to view the data.) (1) Spending variance (2) Efficiency variance (3) Production-volume variance (4) Flexible-budget variance (5) Underallocated (overallocated) manufacturing overhead (If no variance exists leave the dollar value blank. Label the variance as favorable (F), unfavorable (U) or never a variance (N).) Data table Variable Actual costs incurred Costs allocated to products Flexible budget Actual input x budgeted rate Variable Fixed $ 33,500 $ 14,000 27,000 13,600 14,600 32,000 HIED X Requirement Fill in the blanks. Use F for favorable and U for unfavorable: i (Click the icon to view the table.) More info (1) Spending variance (2) Efficiency variance (3) Production-volume variance (4) Flexible-budget variance Underallocated (overallocated) manufacturing (5) overhead Print Done Variable Fixed $ B X
Expert Answer:
Answer rating: 100% (QA)
Variable Fixed 1 Spending variance 600 F 2500 U 2 Efficiency variance 3400 F N 3 Production vo... View the full answer
Related Book For
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 978-0134475585
16th edition
Authors: Srikant M. Datar, Madhav V. Rajan
Posted Date:
Students also viewed these accounting questions
-
Pandom Inc. produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August 2013: REQUIRED Fill in the variances in the table below. Use F for...
-
ProChem, Inc., produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August 2017: ___________________________________ Variable ___________...
-
D Question 5 Using the table below, calculate the geometric average for security C. Time A, % B. % C. % D, % Mkt, % 1 18.56 18.23 12.82 12.43 12.28 2 15.27 18.24 -5.82 13.45 5.99 3 14.12 14.71 12.58...
-
SG Company acquired 80% of Popsters Company on January 1, 2019, when the stockholders equity of Popsters consisted of: Ordinary shares, P100 par P500,000 Paid in capital in excess of par 400,000...
-
A causal LTI system has a system function (a) Is this system stable? (b) If the coefficients are rounded to the nearest tenth, would the resulting system best able? 1 H(2) = 1- 1.042-1 +0.98z-2
-
Following is the unadjusted trial balance for Alonzo Institute as of December 31, 2017. The Institute provides one-on-one training to individuals who pay tuition directly to the business and offers...
-
Lawrence Plastics manufactures custom park furniture and signage from recycled plastics (primarily shredded milk jugs). Many of the companys customers are municipalities that are required by law to...
-
On January 1, Year 2, Shapiro Company paid $70,000 cash to purchase a truck. The truck has a $10,000 salvage value and a five-year useful life. Assume that Shapiro earns $18,000 of cash revenue per...
-
MOTOROLA, INC., AND SUBSIDIARIES* CONSOLIDATED STATEMENTS OF OPERATIONS (IN PART) Years Ended December 31, (In millions, except per share amounts) 2008 2007 2006 Other Charges 3. Other Financial Data...
-
On April 18, 2011, Eli Lilly and Co. reported first- quarter profits for 2011 of $.95 per share. Analysts projected earnings to be $1.16 or $1.17 per share. However, Lilly reported non- GAAP earnings...
-
1. Discuss how an internal culture within a buying center could work against rational, quantifiable decision making but results in satisfying decision outcomes. 2. Compare two or three internal...
-
Instances of Iterator allow the elements to be iterated only in the forward direction with the method next, but not rewinding the sequence to an earlier position to repeat the elements of the...
-
calculate the ROE for all 3 years. 1. Balance Sheet Cash 2018 2019 2020 150 140 165 500 450 500 Marketable securities Equipment and buildings 600 600 600 Net Loan 1200 1300 1250 Total Assets 2450...
-
Consider the task of normalising sum expressions. For example, the sums (a + b) + (c + d) and (a + (b + (c + d))) may be normalised into a standard form that is left associative: a+b+c+d or...
-
Assume for the moment that the PE-return index is genuinely representative of PE funds' returns, on average. Analyze whether an investor would gain from adding a portfolio of PE funds to a market...
-
Modify the modules presented in the Language Companion that perform the bubble sort, selection sort, and insertion sort algorithms on an Integer array, such that each module keeps a count of the...
-
5.6-2 Refractive Index of Air. The refractive index of air can be precisely measured with the help of a Michelson interferometer and a tunable light source. At atmospheric pressure and a temperature...
-
You are interested in investing and are considering a portfolio comprised of the following two stocks. Their estimated returns under varying market conditions are provided: (note: it is difficult to...
-
The trouble with discounted cash flow methods is that they ignore depreciation. Do you agree? Explain.
-
The Crimson Corporation uses multicolored molding to make plastic lamps. The molding operation has a capacity of 200,000 units per year. The demand for lamps is very strong. Crimson will be able to...
-
The Russell Company has an extensive job-costing facility that uses a variety of metals. Consider each requirement independently. Required 1. Job 372 uses a particular metal alloy that is not used...
-
Apple stock is selling for \($120\) per share. Call options with a \($117\) exercise price are priced at \($12.\) What is the intrinsic value of the option, and what is the time value?
-
Ibrahim bought 200 shares of a stock trading in the Abu Dhabi Securities Exchange at AED 12 (United Arab Emirates dirham) per share. Over time, the price of the stock increased to AED 18 per share....
-
Refer to Problem 14.9. What would the loss of the seller of the put option be if, at expiration, XLB is trading at \($20?\) What would the profit of the seller be if, at expiration, XLB is trading at...
Study smarter with the SolutionInn App