Calculate the fixed overhead spending variance

Assignment Help Managerial Accounting
Reference no: EM132945937

Question - Coronado Merchandise planned to produce 45,900 fleece jackets in its Metairie, Louisiana, factory. Fixed overhead costs for the factory were budgeted to be $541,000. The company actually spent $553,600 on fixed overhead and produced 44,700 jackets. Calculate the fixed overhead spending variance.

Reference no: EM132945937

Questions Cloud

Find the percentage raise received on the family income : If the Inflation rate was 3.156, find the percentage raise received on the family's $74.500 yearly income
What is your rate of return for each alternative : Invest all $20,000 in the stock, buying 100 shares. What is your rate of return for each alternative for the following four stock prices in 6 months
How window company should classify the building : The current building has a remaining useful life of 10 years. On January 2, 2011, how Window Company should classify the building
What is the yield to call annually : A 10-year maturity, 8.5% coupon bond paying coupons semiannually is callable in five years at a call price of $1,070. What is the yield to call annually
Calculate the fixed overhead spending variance : The company actually spent $553,600 on fixed overhead and produced 44,700 jackets. Calculate the fixed overhead spending variance
What is the measurement of the equipment : On December 31, 2020, the fair value of the equipment is P9,500,000 and the cost of disposal is P100,000. What is the measurement of the equipment
What is the net amount to be presented : On May 3, 2012, Rhad Company completed the construction of a Building at a total cost of P14M. What is the net amount to be presented
What is total expense in Statement of Comprehensive Income : What is the total expense in the Statement of Comprehensive Income for bad debts and provision for doubtful debts for the year ended 30 September
What the amount of net income or net loss for the period : If the amount of beginning capital, ending capital and withdrawal was RM25,000, RM37,000 and RM23,000 respectively, what the amount of net income

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What type of strategy does key lime pie tak

What type of strategy (cost leadership/differentiation) does Key Lime Pie take after the redesign of the store? Discuss in terms of personnel, resources

  Compare the direct and indirect reporting formats

Why do you think the indirect method is the most popular in practice in the United States and used more frequently by companies following IFRS

  Calculate the total fees you have paid on loan commitment

If you take down 90 percent of the total loan commitment, calculate the total fees you have paid on this loan commitment

  Determine the cost of each product line

Evaluating product line costs and prices using ABC - Determine the cost of each product line using ABC.

  Estimate the value of common stock using the P-E ratio

Beer's trailing twelve-month (TTM) earnings per share are $2.75 and the trailing P/E of comparable firms is 19.00. Estimate the value of common stock

  What oriole company materials price variance for materials

What Oriole Company materials price variance for materials purchased is? Oriole Company has a materials price standard of $2.40 per kilogram.

  What amount should kingbird report as december

What amount should Kingbird report as its December 31 inventory? Kingbird, Inc. took a physical inventory on December 31 and determined

  Calculate TW actual closing finished goods value

Calculate TW's actual closing finished goods value as it would have appeared in the profit statement for the month of August 2020.

  Determine the cost of performing engine repair work

Street Runner Engine Shop uses, Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent.

  Evaluate and comment on the merits of their proposal given

Review the chapter's opening feature highlighting Derick Pearson and Felecia Hatcher and their company, Feverish Ice Cream.

  How many units must be sold to break even

Jala Enterprise developed the following information for its product: Sales price RM90. How many units must be sold to break even

  Compute the variances for cajun

Compute the variances for Cajun, materials price variance, materials quantity variance, Labor efficiency or labor rate variance.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd