Reference no: EM132856846
Problem - Mercuri Company has gathered the following information:
Variable manufacturing overhead costs $13,680
Fixed manufacturing overhead costs $10,710
Normal production level in labour hours 9,000
Standard labour hours 9,500
During the year, 3,050 units were produced, 10,900 hours were worked, and the actual manufacturing overhead was $21,800. Actual fixed overhead totalled $10,800.
Mercuri applies overhead based on direct labour hours.
Required -
Calculate the total, fixed, and variable predetermined overhead rates.
Calculate the fixed manufacturing overhead volume variance.
Calculate the fixed overhead spending variance.
Calculate the variable overhead price variance.
Calculate the variable overhead quantity variance.
Calculate total manufacturing overhead variance.
|
What is the probability that a randomly selected student
: (a) What is the probability that a randomly selected student is enrolled in Chemistry and Physics, but not Biology?
|
|
Calculate the after-tax cash flow for the project year
: Unavoidable costs = 30; Total variable costs = 50; Depreciation = $10; Tax rate = 21 percent. Calculate the after-tax cash flow for the project year 1
|
|
Write up the transactions in the general ledger
: Feb 1 Started business with; £21,500 in the bank account, a van £25,000 and office fixtures £800. Write up the transactions in the general ledger
|
|
What the depreciable cost of the equipment is
: What The depreciable cost of the equipment is? Monty Corp. bought equipment on January. The equipment cost $360000 and had an expected salvage value of $65000.
|
|
Calculate the fixed overhead spending variance
: During year, 3,050 units were produced, 10,900 hours were worked, and the actual manufacturing overhead was $21,800. Calculate fixed overhead spending variance
|
|
How much will the sale of one additional ton of cement add
: Variable selling and admin. Expense $165,000. How much will the sale of one additional ton of cement add to the company's net operating income?
|
|
What is the probability of drawing at least 7 spades
: Suppose that you randomly draw one card from a standard deck of 52 cards. After writing down which card was drawn, you replace the card, and draw another card.
|
|
What will the sales volume have to be for company to earn
: Total variable cost per unit $12. Manufacturing $10. What will the sales volume have to be for the company to earn a profit of $48,000?
|
|
What is the probability it will not result in a live birth
: At 28 weeks, there is a 95% chance an IVF (Invitro Fertilization) pregnancy will result in a live birth and, of those live births, 92% will result in normal dev
|