Suppose you work for a spacecraft manufacturer who produces X-Wings for The Resistance. Your boss would...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Suppose you work for a spacecraft manufacturer who produces X-Wings for The Resistance. Your boss would like an update on the budgets for the X-Wings, including details relating to variances for production. Consider the following for the month of March: Manufacturing overhead: Actual units produced: 12 units Actual direct labour hours: 612 hours Actual Variable Manufacturing Overhead Rate: $78 per Direct Labor Hour Actual Fixed Manufacturing Overhead $ 47,736 Budgeted units produced: 11 units Standard hours per unit: 50 hrs/unit Standard Variable Manufacturing Overhead Rate: $80 per Direct Labour Hour Budgeted Fixed Manufacturing Overhead: $44,000 What was the fixed manufacturing volume (or capacity) variance? $3,736F $4,000F $3,736U $4,000U Suppose you work for a spacecraft manufacturer who produces X-Wings for The Resistance. Your boss would like an update on the budgets for the X-Wings, including details relating to variances for production. Consider the following for the month of March: Manufacturing overhead: Actual units produced: 12 units Actual direct labour hours: 612 hours Actual Variable Manufacturing Overhead Rate: $78 per Direct Labor Hour Actual Fixed Manufacturing Overhead $ 47,736 Budgeted units produced: 11 units Standard hours per unit: 50 hrs/unit Standard Variable Manufacturing Overhead Rate: $80 per Direct Labour Hour Budgeted Fixed Manufacturing Overhead: $44,000 What was the fixed manufacturing volume (or capacity) variance? $3,736F $4,000F $3,736U $4,000U
Expert Answer:
Answer rating: 100% (QA)
Answers Q1 Fixed Manufacturing Volume Variance is 4000 F i Sta... View the full answer
Related Book For
Introduction to Financial Accounting
ISBN: 978-0133251036
11th edition
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
Posted Date:
Students also viewed these accounting questions
-
Suppose you work for a small local department store that manages its own accounts receivable with a private charge card. Your boss has told you to improve the average collection period from 30 to 20...
-
Suppose you work for a firm that holds valuable intellectual property and is contemplating various international business projects. What strategies would you recommend to management for protecting...
-
Suppose you work for a large firm that has 20,000 employees. The CEO calls you in and asks you to determine employee attitudes toward the company. She is willing to commit $100,000 to this project....
-
Using the sinking fund Table 13.3, complete the following: Note: Do not round intermediate calculations. Required amount $ Frequency of Length of payment time 8 years 15,000 Annually Interest rate 8...
-
a) If a company borrows $300,000 for four years at 10%, what would the annual loan payments be? b) If the company borrows $650,000 for 10 years at 12%, what would the annual loan payments be?
-
Students will analyze modern trends in law. For this assignment, students shall research the concept of modern trends in the legal practice. This can be a more theoretical analysis such as the...
-
Popular books such as The God Delusion (Dawkins, 2008) and God Is Not Great: How Religion Poisons Everything (Hitchens, 2007) make a strong case against religion. But religion plays an important role...
-
Genuine Spice Inc. began operations on January 1, 2016. The company produces eight- ounce bottles of hand and body lotion called Eternal Beauty. The lotion is sold wholesale in 12-bottle cases for...
-
Overhead Application, Fixed and Variable Overhead Variances Zepol Company is planning to produce 600,000 power drills for the coming year. The company uses directl $1,777,500. The total fixed...
-
How would the legal realists (e.g., Karl Llewellyn and Oliver Wendell Holmes) view the current relationship between social psychology and the law?
-
During the audit of a manufacturing firm, you are performing audit data analytics based on the payroll file. You are examining the reasonability of deductions as a percentage of gross wages for the...
-
Fill in the blanks to make the following statements correct. a. On a graph with Y on the vertical axis and X on the horizontal axis, the slope of a straight line is calculated as ___________. b. In...
-
The asteroid known as Toro has a radius of about \(5.0 \mathrm{~km}\) and a mass of \(2.0 \times 10^{15} \mathrm{~kg}\). Could a \(70-\mathrm{kg}\) person standing on its surface jump free of Toro?
-
Over time, as the financial system expands and develops additional sources of financing for small to medium-sized firms, such as asset-backed securities, would the bank lending channel become more or...
-
Calculate the acceleration due to gravity inside Earth as a function of the radial distance \(r\) from the planet's center. (Imagine that a mine shaft has been drilled from the surface to Earth's...
-
In 2015, the United Nations ranked Norway first on the Human Development Indexa ranking of the quality of life in many countries. Yet Norway was not ranked first in terms of real per capita GDP....
-
What is the BEST way to proceed with a customer if you know that there will be a delay in delivering a product or service? Apologize to any customer who calls to complain about the delay, and provide...
-
Coastal Refining Company operates a refinery with a distillation capacity of 12,000 barrels per day. As a new member of Coastal's management team, you have been given the task of developing a...
-
Parr Building Supply began 20X9 with inventory of $240,000. Parrs 20X9 sales were $1,200,000, purchases of inventory totaled $1,035,000, and ending inventory was $275,000. 1. Prepare a statement of...
-
The Mammal Center pet store is owned by Jon Wilson and has been a sole proprietorship with the following condensed balance sheet on June 30, 20X1: Mr. Wilson decides to incorporate his company on...
-
The following news report appeared in the financial press: The Bulgarian national airline Balkan is to be placed in liquidation after its creditors today rejected a reorganization plan, legal...
-
Consider the binary variable version of the fixed effects model in Equation (10.11) except with an additional regressor, \(D 1_{i}\); that is, let \[ Y_{i t}=\beta_{0}+\beta_{1} X_{i t}+\gamma_{1} D...
-
Using the regression in Equation (10.11), what are the slope and intercept for a. Entity 1 in time period 1? b. Entity 1 in time period 3? c. Entity 3 in time period 1? d. Entity 3 in time period 3?...
-
Do the fixed effects regression assumptions in Key Concept 10.3 imply that \(\operatorname{cov}\left(\widetilde{v}_{i t}, \widetilde{v}_{i s} ight)=0\) for \(t eq s\) in Equation (10.28)? Explain....
Study smarter with the SolutionInn App