The following data relate to factory overhead cost for the production of 10,000 computers: If productive capacity
Question:
The following data relate to factory overhead cost for the production of 10,000 computers:
If productive capacity of 100% was 15,000 hours and the total factory overhead cost budgeted at the level of 14,000 standard hours was $ 356,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $ 6.00 perhour.
Transcribed Image Text:
Actual: Variable factory overhead Fixed factory overhead $262,000 90,000 350000 Standard: 14,000 hrs. at $25
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Variable factory overhead controllable variance Actual variable factory overhead cost incurred 26200...View the full answer
Answered By
Lamya S
Highly creative, resourceful and dedicated High School Teacher with a good fluency in English (IELTS- 7.5 band scorer) and an excellent record of successful classroom presentations.
I have more than 2 years experience in tutoring students especially by using my note making strategies.
Especially adept at teaching methods of business functions and management through a positive, and flexible teaching style with the willingness to work beyond the call of duty.
Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with a colorful wing of future.
I do always believe that more than being a teacher who teaches students subjects,...i rather want to be a teacher who wants to teach students how to love learning..
Subjects i handle :
Business studies
Management studies
Operations Management
Organisational Behaviour
Change Management
Research Methodology
Strategy Management
Economics
Human Resource Management
Performance Management
Training
International Business
Business Ethics
Business Communication
Things you can expect from me :
- A clear cut answer
- A detailed conceptual way of explanation
- Simplified answer form of complex topics
- Diagrams and examples filled answers
4.90+
46+ Reviews
54+ Question Solved
Related Book For
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Question Posted:
Students also viewed these Managerial Accounting questions
-
The following data related to factory overhead cost for the production of 4,000 computers: If productive capacity of 100% was 6,500 hours and the factory overhead cost budgeted at the level of 5,000...
-
The following data relate to Voltaire Company's defined benefit pension plan: Required: Determine the amount of pension plan assets at fair value on December31. Plan assets at fair value, Jary 1...
-
The following data relate to the proportions in a population of drivers. A = Defensive driver training last year B = Accident in current year The probabilities are given in the accompanying Venn...
-
Did you ever purchase a bag of M&??s candies and wonder about the distribution of colors? Did you know in the beginning they were all brown? Now, peanut M&Ms are 12% brown, 15% yellow, 12% red, 23%...
-
An air standard Diesel cycle has a compression ratio of 19, and heat transfer to the working fluid per cycle is 2000 kJ/kg. At the beginning of the compression process the pressure is 105 kPa and the...
-
What is the value of tip after executing the following code snippet? A. 1 B. 2 C. 3 D. 7 E. None of the above int meal = 5; int tip = 2; var total. meal+ (meal>6 ? tip++: tip--);
-
Show that the least-squares estimate of \(\boldsymbol{\beta}\) (say \(\hat{\boldsymbol{\beta}}_{(i)}\) ) with the \(i\) th observation deleted can be written in terms of the estimate based on all...
-
Suppose Stenback Valley is deciding whether to purchase new accounting software. The payback for the $30,050 software package is five years, and the softwares expected life is seven years. Stenback...
-
Comment on how the heater temperature (driving force) affects the heat exchanger performance. Compare the heat transfer coefficients of the TD360 a, b, and c heat exchangers for any given flow rate....
-
A farmer has 100 acres on which to plant oats or corn. Each acre of oats requires $18 capital and 2 hours of labor. Each acre of corn requires $36 capital and 6 hours of labor. Labor costs are $8 per...
-
Wiki Wiki Company has determined that the variable overhead rate is $ 4.50 per direct labor hour in the Fabrication Department. The normal production capacity for the Fabrication Department is 10,000...
-
Blumen Textiles Corporation began January with a budget for 90,000 hours of production in the Weaving Department. The department has a full capacity of 100,000 hours under normal business conditions....
-
Find the equation of each graph after the given transformation. a. y = 5x 2 after reflection in the x-axis. b. y = 2x 4 after reflection in the y-axis. c. y = 2x 2 3x + 1 after reflection in the...
-
17.4 In a code division multiple access network, N stations are simultaneously communi- cating using one channel. A sending station places data on the common channel by multiplying the data with its...
-
Construction Management legal issues requires professional attention. Case #5 Mega Manufacturer, Inc. (MMI) sought to build a new factory. MMI retained Awesome Architects, Inc. (AAI), an...
-
3D Printing-(construction) Answer questions below and describe Detailed description of Technology (3d printing) Possible Integration of the Technology with the BIM Technology(3d printing) Benefits...
-
3. Construct a test set that is adequate with respect to LCSAJ coverage criterion for the following program segment. (40 points) 1 2 public static boolean has At Least 3 Letters (String new Password)...
-
According to the following OUBuild Script find the output once we click on the green flag? when clicked set to 1 set to 12 repeat until repeat until j i say for 2 secs set to i/2 change by 1
-
Select the ProjectID, ClientName, TaskID, and Description fields for TaskIDs TEST01 or TEST02. Sort the records in ascending order by ProjectID and then by TaskID. What are the ProjectID and TaskID...
-
3M Company reports the following financial statement amounts in its 10-K report: a. Compute the receivables, inventory, and PPE turnover ratios for both 2018 and 2017. (Receivables turnover and...
-
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn. Shoplifting is the term that describes the theft of money by employees, such as...
-
Chipotle Mexican Grill, Inc. is a quick-service restaurant providing a focused menu of burritos, tacos, and salads. Chipotle's balance sheets for the end of two recent years are as follows (in...
-
Recent fiscal years for several well-known companeis are as follows: Company Fiscal Year Ending J. C. Penney Company, Inc. ........................................ January 27 L Brands, Inc....
-
Recent fiscal years for several well-known companeis are as follows: Company Fiscal Year Ending J. C. Penney Company, Inc. ........................................ January 27 L Brands, Inc....
-
A person works and earns $ 2,535.00 but on a pay stub pays 6.5% to tax. How much money is left over after taxes? Explain
-
I need to borrow $5,000 for a car because it enables me to get a job as a traveling anvil seller. Larry the Loan Shark will loan me the $5,000 at an interest rate of 90%. Principle and interest are...
-
Chani started an investment portfolio 5 years ago Quarterly deposits of $750 into an account earning 3.27% interest, compounded quarterly A 5-year $15,000 investment averaging 7.1% interest,...
Study smarter with the SolutionInn App