Manuel Company predicts it will operate at 80% of its productive capacity. Its overhead allocation base...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Manuel Company predicts it will operate at 80% of its productive capacity. Its overhead allocation base is DLH and its standard amount per allocation base is 0.5 DLH per unit. The company reports the following for this period. Production (in units) Overhead Variable overhead Fixed overhead Total overhead Flexible Budget at 80% Capacity 50,000 Actual Results 44,000 $ 275,000 50,000 $325,000 $ 305,000 1) Compute the overhead volume variance. Indicate variance as favorable or unfavorable. 2) Compute the overhead controllable variance. Indicate variance as favorable or unfavorable. Manuel Company predicts it will operate at 80% of its productive capacity. Its overhead allocation base is DLH and its standard amount per allocation base is 0.5 DLH per unit. The company reports the following for this period. Production (in units) Overhead Variable overhead Fixed overhead Total overhead Flexible Budget at 80% Capacity 50,000 Actual Results 44,000 $ 275,000 50,000 $325,000 $ 305,000 1) Compute the overhead volume variance. Indicate variance as favorable or unfavorable. 2) Compute the overhead controllable variance. Indicate variance as favorable or unfavorable.
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
A corporate would like to raise $50000 worth capital through three methods: selling bonds with a capital cost 8%, selling stocks with a capital cost 11%, taking a loan under interest at annual rate...
-
Write an equals method for the StepsFitnessTracker class thattests whether the one object is equal to another object that ispassed as an argument (Object otherObject). The Object superclassprovides...
-
For each of the following, indicate whether the item would be reported on the balance sheet (B/S), reported on the income statement (I/S), or not shown in the financial statements (Not) and whether...
-
Moose Corporations 400 shares of outstanding stock are owned as follows: Name Shares Lara (an individual) 60 LMN Partnership (Lara is a 20% partner) . 50 LST Partnership (Lara is a 70% partner) 100...
-
Personnel tests are designed to test a job applicant's cognitive and/or physical abilities. The Wonderlic IQ test is an example of the former; the Purdue Pegboard speed test involving the arrangement...
-
Business Ownership. What are the predominant ownership forms in global business?
-
1. What problems might have contributed to the firms poor performance? 2. Although several problems were encountered in implementing the business plan, the primary reason for low profits turned out...
-
The amount of soda a dispensing machine pours into a 12 ounce can of soda follows a normal distribution with a standard deviation of 0.12 ounce. Every can that has more than 12.30 ounces of soda...
-
For a $500 purchase using a JPMorgan Chase debit card, the interchange fee is Assume a fraud protection program is in place. $0.55 $0.51 O $0.47 $0.59 $0.78 $0.63 $0.42 $0.74
-
discuss the ecosystem services provided by biodiversity, including provisioning services (e.g., food, water, and timber), regulating services (e.g., climate regulation, water purification, and...
-
What is the beverage cost percentage for Bartenders 1 and 2, given the information in the following bartender performance review form? What is the average beverage cost for the five days that are...
-
It is estimated that 70% of startups fail within the first three years. If you and four friends each try a startup, what is the chance that the majority (3 people, 4 people or 5 people, out of 5)...
-
How much do you need to invest in your high-interest investment account each month if you want to retire with $2.5 million 36 years from now? Assume a 1% monthly interest rate, with a monthly...
-
Describe the roles of investment banks, with an emphasis on the nature of their off-balance-sheet business, in particular mergers and acquisitions. A wide range of non-bank financial institutions has...
-
As an HR consultant, you are exceeding the expectations of the leadership team of the U.S. branch. Along with the change management plan, your memo emphasizing the need for leaders to coach, mentor,...
-
In order to get an idea on current buying trends, a real estate agent collects data on 10 recent house sales in the area. Specifically, she notes the number of bedrooms in each house as follows: a....
-
Jazz Motor Company manufactures automobiles. During September 2002 the company purchased 5,000 head lamps at a cost of $9 per lamp. Jazz withdrew 4,650 lamps from the warehouse during the month....
-
The cost of goods manufactured schedule shows each of the cost elements. Complete the following schedule for Salazar Manufacturing Company. Instructions Indicate the missing amount for each letter...
-
Karpman Company is a manufacturer of personal computers. Various costs and Classify various costs into expenses associated with its operations are as follows. 1.Property taxes on the factory...
Study smarter with the SolutionInn App