Question: Suppose you work for the Jedi and help them create their lightsabers with kyber crystals found on Ilum. Master Mace Windu would like an update

Suppose you work for the Jedi and help them create their lightsabers with kyber crystals found on Ilum. Master Mace Windu would like an update on the budgets for the lightsabers, including details relating to variances for production. Consider the following for the month of March:

Manufacturing overhead:
Actual units produced: 16 units
Actual direct labour hours: 1,520 hours
Actual Variable Manufacturing Overhead Rate: $130 per Direct Labor Hour
Actual Fixed Manufacturing Overhead $810,000
Budgeted units produced: 15 units
Standard hours per unit: 100 hrs/unit
Standard Variable Manufacturing Overhead Rate: $120 per Direct Labour Hour
Budgeted Fixed Manufacturing Overhead: $840,000

What was the variable manufacturing spending variance?

options:

	$16,000F
	$15,200U
	$16,000U
	$15,200F

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Variable Overhead Spending Variance is the difference between the standard variable o... View full answer

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!

Suppose you work for an original equipment manufacturer (OEM) who makes component pieces for a telecommunications company. The telecom company asks you for a price quote for 2,000,000 units that will...

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....

Missoula Manufacturing Company normally produces 10,000 units of product X each month. Each unit requires 2 hours of direct labor, and factory overhead is applied on a direct labor hour basis. Fixed...

Suppose you work in the loan department of Superior Bank. Dean Young, owner of Dean Young Beauty Aids, has come to you seeking a loan for $500,000 to expand operations. Young proposes to use accounts...

At a recent executive committee meeting, the controller for Ricardo Company remarked, With only a single key difference between U.S. GAAP and iGAAP for property, plant, and equipment, it should be...

Joshua Hill, Bates & Hill Fabricators production manager, has just completed the companys production budget for the first quarter (see Exercise 5-11). He has identified the following monthly expenses...

The Freedom Clothes Company produced 18,000 units during June of the current year. The Cutting Department used 3,500 direct labor hours at an actual rate of $12.10 per hour. The Sewing Department...

Costello Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials1 pound plastic at $7.00 per pound .....$ 7.00 Direct labor1.6 hours at...

The U-tube at right has a 1-cm ID and contains mercury as shown. If 20 cm3 of water is poured into the right-hand leg, what will be the free surface height in each leg after the sloshing has died...

What is the current value of a $1,000 bond with a 7% annual coupon rate (paid semi-annually) that matures in 7 years if the appropriate stated annual discount rate is 11%.

Let h ( t ) = 5 t 3 . 2 - 5 t - 3 . 2 . Then h ' ( t ) i h ' ( 3 ) is h ' ' ( t ) is and h ' ' ( 3 )

Design a forward converter such that the output is 5 V when the input is 170 V. The output current is 5 A. The output voltage ripple must not exceed 1 percent. Choose the transformer turns ratio,...

There are two inverters. In the first inverter, 5 PV modules are connected in series. In the second inverter, 3 PV modules are connected in series. The output voltage of each PV panel is assumed as...

Q1: Biaxial Bending and axial force in Column A rectangular column shown below is to be designed for N = 2400 kN and bending moments Mx = 240 kNm and M y = 150 kNm. Check the adequacy of the...

Database textbooks and tutorials emphasize the need to ensure normalization of the database. While database designers and database administrators will generally ensure that their databases follow...

Steve, Brandon, and Dylan are three friends who have been convicted of burglary. After their sentencing, they are all sent to a prison where they take many tests to determine their programming needs....

Suppose you work for the Jedi and help them create their lightsabers with kyber crystals found on Ilum. Master Mace Windu would like an update on the budgets for the lightsabers, including details...

Suppose you work for the Jedi and help them create their lightsabers with kyber crystals found on llum. Master Mace Windu would like an update on the budgets for the lightsabers, including details...

Please work your answers on a separate piece of paper. Make sure to label neatly each question. This is an individual assignment. You can work with your peers, ask me about these questions and...

Need C and D. Work shown would be appreciated. thanks! Problem 4. Bertrand Competition Instead of choosing quantity, assume firms 1 and 2 choose prices P and P2. If pi P2, firm 2 sells quantity a bp2...

The premium for September 19th call option on Canadian dollar is $0.04, and the strike price is $0.80. Assume that on September 19 the spot rate for the Canadian dollar rose to $0.92. What is the USD...